Spendkey is a holisticSpend Intelligence Platform helping businesses make fast,informed, data-driven spending decisions.Spendkey’sautomated spend management solution, built on modern AItechnology combines both data transformation and analytical capabilities totransform vast amounts of internal data into actionable insights thereby savingyou from spendingseveral 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 tocleaning and grouping the data into suitable categories and creating extensivereports, Spendkey takes care of almost every step that goes intocomprehensive spend management. Along with providing you with detailed visibility into your spend data, Spendkeyalso helps you improve your supplier relationships. It gives you detailed viewabout your supplier landscape, ongoing contracts, and supplier performance.Spendkey also allows you to categorise your spend according to the suppliersyou work with, thereby letting you explore opportunities to optimise yoursupplier 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, spendby departments, spend by suppliers, spend by business location etc. within afew seconds. Also, Spendkey helps you clearly identify tail spend (low value, high volumetransactions) 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 easyto implement. It isideal for any business leader including finance andprocurement leaders seeking to boost their company’s savings and make wiserspend decisions.
