Description
Spendkey is a holistic Spend Intelligence Platform helping businesses make fast,
informed, data-driven spending decisions.
Spendkey’s automated spend management solution, built on modern AI
technology combines both data transformation and analytical capabilities to
transform vast amounts of internal data into actionable insights thereby saving
you from spending several days in conducting a detailed spend analysis.
From effortlessly ingesting your spend data from any system, language,
format, or currency, enriching it with secondary web-sourced information to
cleaning and grouping the data into suitable categories and creating extensive
reports, Spendkey takes care of almost every step that goes into
comprehensive spend management.
Along with providing you with detailed visibility into your spend data, Spendkey
also helps you improve your supplier relationships. It gives you detailed view
about your supplier landscape, ongoing contracts, and supplier performance.
Spendkey also allows you to categorise your spend according to the suppliers
you work with, thereby letting you explore opportunities to optimise your
supplier landscape ad make better negotiations.
With Spendkey, you obtain detailed insights of your company’s spend habits,
spend trends, including granular level insights into spend by categories, spend
by departments, spend by suppliers, spend by business location etc. within a
few seconds.
Also, Spendkey helps you clearly identify tail spend (low value, high volume
transactions) and explore ways of controlling the same.
Spendkey’s unique value proposition include:
∙It is a fully automated SaaS platform.
∙Delivers spend reporting accuracy levels of 99.8%
∙Provides the ability to use client’s preferred spend taxonomy that can go
up to 6 levels of granularity.
Spendkey’s modern spend management software is very cost effective and easy
to implement. It is ideal for any business leader including finance and
procurement leaders seeking to boost their company’s savings and make wiser
spend decisions.
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