August 21, 2023

The Origin Story of ProcurementExpress.com

James welcomes a very special guest to the Gross Profit Podcast: Richard Greenane, his co-founder!
Gross Profit Podcast
The Gross Profit Podcast
The Origin Story of ProcurementExpress.com
Loading
/

Show Notes

James Kennedy, CEO and co-founder of ProcurementExpress.com, welcomes a very special guest to the Gross Profit Podcast: Richard Greenane, his co-founder.

Dive deep into the foundational story of the company that has helped businesses manage billions of dollars. If you’ve ever wondered how ProcurementExpress.com came to be, or if you’re curious about the journey of creating a successful business from scratch, this episode is a must-listen.


What You’ll Learn:

  • The Genesis of an Idea: Discover the inspiration and the initial problem that led to the creation of ProcurementExpress.com.
  • Challenges & Triumphs: Richard opens up about the highs and lows of their journey, from harrowing experiences to significant milestones like achieving MRR targets.
  • Building the Dream Team: The duo discusses the intricacies of team-building — the challenges, the rewards, and the lessons learned.
  • Guided by Values: Understand how the core values of ProcurementExpress.com have steered the company’s decisions and strategies.
  • Evolving with Time: Gain insights into how ProcurementExpress.com has dynamically adapted to changes and market demands over the past 8-9 years.
  • Product Evolution: Dive into the development process of the product and how it became a growth catalyst for the company.
  • Staying Ahead: Richard shares strategies on staying relevant and competitive in the rapidly evolving SaaS industry.
  • Peering into the Future: What’s next for ProcurementExpress.com? Get a sneak peek into the vision and future plans of the company.


Episode Highlights:

  • “So, Rich, that accent surely gets a lot of attention?”
  • “Let’s go back to the start. What was that ‘a-ha’ moment for both of us with ProcurementExpress.com?”
  • “We’ve had our share of challenges. Falling asleep at the wheel and letting go of team members weren’t easy times.”
  • “Our MRR milestones and sending our team on their first trips — definitely some of the proudest moments.”
  • “Rich, where do you see ProcurementExpress.com heading in the next decade?”


Stay tuned for more episodes of the Gross Profit Podcast, where we uncover more behind-the-scenes stories, expert insights, and business strategies.

The Gross Profit Podcast

More Episodes

Merushka Chetty

Keith Wright – 90% of Businesses Leave Money on the Table

In this episode, James Kennedy sits down with Keith Wright – procurement leader, author, and founder of K Wright Consultancy – to unpack how professional procurement creates durable profit, not just cheaper prices. They explore Keith’s ACE method (Analyze → Create → Execute), why execution failures destroy value, and practical ways SMEs can uncover 5–6% cost-of-goods savings in weeks. Keith also lifts the lid on his “Profit Booster” scorecard, supplier consolidation tactics, and how to manage cost-price inflation without eroding margin.

Listen Now »
Merushka Chetty

Niall White – $10B in Deals: Post-Acquisition Reality Check

In this episode, James Kennedy sits down with Niall White, corporate finance expert and founder at Capstack, to unpack what really determines success after the deal closes. Drawing on a career spanning BDO (Dublin & London), Barclays Capital (funding marquee PE buyouts), and in-house M&A at an Irish PLC, Niall explains why most value is won – or lost – during integration, not at the signing ceremony. They cover how to prepare a founder-led company for sale, structure earn-outs that actually work, and the people/controls you must have in place before, during, and after a transaction.

Listen Now »
Merushka Chetty

Paul Maskill – How to Get 50% Equity in a Business Without Investing

In this episode, James Kennedy sits down with Paul Maskill, the “Blue-Collar CFO,” to unpack how service pros and trades owners can turn a time-for-money job into a sellable, scalable company. From pricing that actually funds growth to partnering for equity, Paul shares the moves he used to grow and exit multiple local businesses (landscaping, electrical, kids’ sports programs) and why home-service companies win by doing “the boring stuff” brilliantly – answer fast, show up, keep promises.

Listen Now »