isyBuy

About isyBuy

isyBuy provides a Software-as-a-Service (SaaS) platform designed to digitize and manage the entire procurement process for mid-sized companies. The company was founded in Toulouse, France, in 2016 by Mélanie Lehoux, a former purchasing manager and civil engineer. Lehoux's direct experience with the inefficiencies of procurement, such as manual tracking and disorganized communication, inspired her to develop a digital solution. The concept for isyBuy emerged in 2015 during her Executive MBA program.

Initially launched as iBAT and focused on the construction sector, the company rebranded to isyBuy in 2021 to serve all industries. The platform is designed specifically for the needs of mid-sized enterprises (ETI in French), a market segment the founder identified as underserved by major procurement software providers. isyBuy's business model is based on subscriptions to its Source-to-Pay (S2P) software, which aims to make business purchasing as straightforward as personal online shopping. The company generates revenue by providing a comprehensive, integrated solution that can be deployed within weeks and shows a return on investment in approximately five months.

The platform covers the full procurement workflow, including supplier relationship management (SRM), source-to-contract (S2C), e-procurement, and invoice-to-pay. Key features include tools for monitoring supplier performance, managing tenders and contracts, simplifying purchase requests through a marketplace-style interface, and automating invoice processing with technologies like OCR. The system also offers a mobile application for on-the-go access. isyBuy has become a "société à mission" (mission-led company), focusing on helping clients optimize their purchasing and reduce their environmental impact. The company has secured a total of $13.6M in funding, including a €10 million Series B round in June 2024, to fuel its growth in France and internationally.