Simplify corporate spend.
That's Mazepay's vision.
Our mission is straightforward. We enable a global ecosystem by simplifying corporate long-tail procurement processes and payments. Trading goods and services have never been easier for corporate buyers and suppliers.
”
"For an employee, creating a purchase request should be as easy as writing a Post-it note!"
Søren Aabel Hammer - Chief Executive Officer
Mazepay
Corporate Social Responsibility
Matters
Our culture is focused on taking care of our customers, partners, employees, suppliers, and, therefore naturally also, the surrounding society and environment.
As responsible businesses, we enact the same values and principles wherever they are present and know that good practices in one area do not offset harm in another.
By incorporating the United Nations Global Compact principles into strategy, policies, and procedures and establishing a culture of integrity, we are upholding our basic responsibilities to people and the planet and setting the stage for long-term success for our great company.
The Mazepay Sustainability policy is one of the ways we put Mazepay’s values into practice. Corporate sustainability starts with a company’s value system and a principled approach to doing business.
This means operating in ways that meet fundamental responsibilities in the areas of human rights, labour, environment, and anti-corruption.
”
"With their product vision and execution prowess, the Mazepay team is ready to scale in an exciting market, and we are privileged to have the opportunity to be involved!"
Kevin Chong - Co-Head – Investment Committee
Outward VC
Mazepay's commitment to
Sustainability
We have only one planet, and we know how important it is to protect it. Mazepay is committed to creating a better world, and we aim for several of the UN's Sustainability Development goals.
We also join forces with our partners and customers in order to draw even with the damages we have already done.
Good health and well-being
We strongly believe that, as an employer, we are responsible for actively improving our employees' well-being.
Health checks:
Help fund regular health checks for employees to prevent non-communicable diseases.
Tobacco control:
No smoking is allowed at any Mazepay locations.
Vacations:
We work hard at Mazepay, but we help encourage all employees to take regular vacations. In total six weeks a year.
Office facilities:
We strive to ensure office facilities that help promote well-being in regard to lighting, acoustics, ergonomics etc.
Decent work and economic growth
We want to create decent work opportunities and contribute to economic growth.
Create jobs:
We create new and attractive jobs offering opportunities across countries.
Improve tasks:
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation.
Strong business ethics:
Protect labour rights and promote safe and secure working environments for all workers, including migrant workers and women.
Youth employment:
We strongly focus on nurturing and training young talent.
Climate action
We want to ensure that we, as Mazepay help drive the global transformation to a sustainable environment.
Reduce CO2:
Minimise business travel - use online meetings whenever possible.
Netzero by 2024:
We strive to become 100% carbon neutral from all operations by end of 2023.
Preserve resources:
Whenever possible, we recycle and buy used goods.
Safe waste disposal:
Ensure that when goods can not be recycled, they are disposed of safely.
Purchasing:
We always pick the sustainable option - even if it is not the most economical choice.
Priceless Planet Coalition:
Kevin Stanton
Member
Lars Jensen
Member
Our board of directors
Jørgen Horwitz
Chairman
Keld Sørensen
Vice Chair
Dan Kortegaard Nielsen
Member
Our story
Many employees in corporate organisations struggle to navigate the complex structures and policies that have been built up over years of business growth. While these organisations excel at their core business, employees often spend excessive amounts of time trying to understand and follow these policies.
Mazepay was created to simplify the processes and the making of payments and remove the complexity for employees. The founders of Mazepay had firsthand experience working in large organisations where shortcuts were necessary to manage spend effectively.
"Purchasing and paying for smaller purchases have been a huge challenge in all the organisations I have worked in. Only a few followed the purchasing policies, not because they did not want to but simply because it was way too difficult to do so." says Mazepay co-founder and COO, Dan Kortegaard Nielsen. Mazepay was born out of an ambition to address the challenges faced by corporate organisations, particularly in managing the long-tail area where established processes require improvement.
The long-tail refers to the spend where a large corporate organisation has numerous suppliers who make deliveries not related to the products or services sold by the company. In most cases, 80% of the suppliers account for only 20% of the spend. However, the overhead associated with managing this spend makes it difficult for organisations to optimise and focus on structured selection processes that align with their goals of compliance, sustainability, and control. The large number of suppliers and lack of control of the associated spend further complicate matters, which removes the opportunity to spend more time with strategic suppliers.
Mazepay aims to enable corporate organisations to regain control by providing an intuitive platform that empowers employees to make purchase requests as easily as filling out a post-it note. To develop our solution, we interviewed CFOs, CPOs, and other finance and procurement professionals from 23 European and global companies with more than 500,000 employees worldwide.
"The two key learnings from this were that in order to truly solve the problem, we need to provide user-friendly business processes tightly integrated with the associated payments. It was clear that all the friction and risk with the current way of working were caused by procurement processes and payment processes being completely separated." says Mazepay co-founder and CEO, Søren Aabel Hammer.
This allowed us to understand the core challenges of long-tail spend and begin simplifying corporate processes through our partner network.
Looking ahead, Mazepay is expanding its initial focus on solving this for European companies to solving this challenge on a global scale together with both existing and new partners.
Mazepay operates through our trusted partners who are connected to our Software-as-a-Service platform. These partners have established relationships with corporate organisations and invite Mazepay to help solve the long-tail challenge that their customers struggle with.