Spendkey blends AI excellence with human experience to transform and extract the full potential of your data. Gain access to reliable, real-time data enriched with market intelligence for a complete and unified view of spend to make better business decisions.
AI-POWERED SPEND STRATEGY SOLUTION
Get actionable insights that inform smarter spend decisions in as little as 10 days.
Easily integrate and ingest data from any system. Spendkey consolidates, cleans, enriches and categorises your data for clarity and accuracy.
Advanced Business Intelligence (BI) capability provides clear visibility into spend patterns to produce standard and custom insights.
Enrich data with market intelligence on commercial models, structuring contracts, and evolving supplier landscape to align strategy with market trends.
Reveal trends and insights and provide actionable recommendations to inform spend decisions and supplier negotiations.
EMPOWERED DECISION-MAKING
Spendkey simplifies how you connect your business insights. Through meticulous aggregation, cleansing, and analysis of data infused with market intelligence, our process delivers a comprehensive understanding of your spend and the actions you need to take to control costs.
Achieve remarkable clarity and empower your organisation to make responsible decisions based on robust information, quickly uncover untapped opportunities, and confidently negotiate with suppliers.
What’s more, you’ll have peace of mind with a rapid return on investment. Spendkey was developed by procurement experts and integrates seamlessly with any system, so we'll have you up and running in just 10 days with minimal effort required from you.
You’re in good company
Deeper insights to mitigate risk Our process goes beyond spend analysis to provide strategies that protect your business against financial risks. Get a deeper understanding of the market dynamics that might impact your bottom line with rigorous data processing and analysis coupled with integrated market intelligence, and easily identify and mitigate potential pitfalls. Spendkey’s AI-generated recommendations equip you to proactively safeguard your organisation's financial health, ensuring you're well-prepared to navigate new business challenges.
Deeper insights to mitigate risk Our process goes beyond spend analysis to provide strategies that protect your business against financial risks. Get a deeper understanding of the market dynamics that might impact your bottom line with rigorous data processing and analysis coupled with integrated market intelligence, and easily identify and mitigate potential pitfalls. Spendkey’s AI-generated recommendations equip you to proactively safeguard your organisation's financial health, ensuring you're well-prepared to navigate new business challenges.
PROACTIVE SPEND INTELLIGENCE
Our process goes beyond spend analysis to provide strategies that protect your business against financial risks. Get a deeper understanding of the market dynamics that might impact your bottom line with rigorous data processing and analysis coupled with integrated market intelligence, and easily identify and mitigate potential pitfalls. Spendkey’s AI-generated recommendations equip you to proactively safeguard your organisation's financial health, ensuring you're well-prepared to navigate new business challenges.
SEE BEYOND YOUR SPEND
Spendkey's generative AI tools are your key to unlocking historical trends and patterns across critical areas of your business. From purchasing behaviours, supplier performance and compliance trends to pricing and cost dynamics, we delve deep into your data to provide a comprehensive understanding that drives impactful decisions.
Spendkey doesn't just analyse the past; it equips you for the future. Predictive insights empower you to anticipate trends, inform business decisions, and proactively position your organisation for success in a dynamic marketplace. Trust Spendkey to transform your data into a reliable roadmap, with past lessons and future strategies to stay ahead of the competition.
Spend analytics is crucial for businesses as it enables them to identify cost-saving opportunities, improve supplier management, optimise procurement processes, mitigate risks, enhance decision-making, and increase overall operational efficiency. Spendkey’s AI-powered analytics provides advanced, data-driven insights that help organisations make informed decisions and drive better financial and operational performance.
Spendkey typically ingests data related to purchase orders, invoices, supplier contracts, payment records, card transactions, licence and asset management, and other relevant spend data.
Spendkey's approach to spend analytics delivers a more granular understanding of costs, along with actionable insights and recommendations to optimise resource allocation and proactively identify cost-saving opportunities. Traditional financial reporting doesn't offer as much detail and generally provides surface-level insights.
Spendkey transforms your organisation’s operations and drives value by delivering these benefits:
Improved visibility into spending patterns
Increased cost efficiency
Increased operational efficiency
Improved decision-making
Reduced risk
Greater compliance
Spendkey can provide insights such as spending trends, savings opportunities, contract compliance, purchase order accuracy, demand forecasting, supplier risk assessments, and overall spend efficiency.
The key metrics and KPIs used in Spendkey include total spend, spend by category, spend by supplier, savings achieved, cost avoidance, purchase order accuracy, contract compliance, and spend under management.
Spendkey is hosted in the Microsoft Azure environment and has taken all necessary steps to protect your data. Our environment is as secure as your ERP system in the Cloud, with each client’s data ring-fenced and segregated from other clients to ensure complete confidentiality.
Spendeky is a SaaS plug-and-play cloud spend analytics solution that takes around 10 days to implement after the client shares the data.
Our platform incorporates global-level security protocols, including HTTPS with JWT token signup, restricted database access within Azure or specific IP listings, and utilisation of Azure cloud as a PaaS solution. We follow ISO27001 standards and are in the process of getting certified for Spendkey UK and India entities.
Spendkey integrates with any ERP or financial system through a REST API or by simply uploading a flat file CSV.
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