A robust single source of truth with a wealth of insights is waiting for you.
Every transaction is analysed, researched from multiple sources and consistently classified using state-of-the-art AI.
Intuitive, meaningful and usable dashboards that enable you to compare, filter and focus on never-seen-before information, such as internal purchasing trends and behaviours.
What if certain trends and behaviours were to change? With our tools, you can model scenarios in real time and predict outcomes.
Understand how much buying power you have with your suppliers and where your risks are.
Every transaction is analysed, researched from multiple sources and consistently classified using powerful AI to plug the gaps, ensuring that the integrity of your spend data is continuously maintained.
Spendkey can take poor quality spend data and – using APIs from secondary sources layered with of state-of-the-art AI and machine learning – enrich your spend data to enable accurate categorisation.
Spendkey maps all of your spend to a single, integrated hierarchy – this can be yours or ours, or a combination of both.
This in turn allows you to:
"It's great to see that you understand our underlying data quality challenges/issues and have ready-made solutions to address them. Often, many providers take a helicopter view that is detached from reality"
Akbar Suleymanov, Senior Finance Director at Mundipharma.
Many solutions, especially mature solutions and suites, come with hundreds of out-of-the-box reports, pointless library of uselessness, spread across dozens of dashboards that have been built up by the provider over time and included for all customers. But contrary to intuition, in analytics, more is actually less. Too many reports and dashboards that are not appropriate to the organizational spend patterns and/or are not appropriate for highlighting opportunities simply creates noise and confusion.
Spendkey includes a full suite of dashboards that are curated to be relevant to the organisation and customises them so that they can deliver value from the start. The organization can monitor the delivery of that value and drill down to find additional value on their own when they are ready to start the transition from full turnkey service to hybrid self-serve/turnkey service. With ABC, trend, pareto, payment term and other analysis that can provide instant cost-control opportunities that are custom selected and designed by experts who have been delivering opportunities that not only reduce costs but increase overall efficiency and profitability.
Easy to use by anyone (no training required)
Generate customised views where it matters most
Target specific spend categories and sub-categorise with precision
Share valuable insights and collaborate
Spendkey provides you with intuitive, meaningful and usable dashboards that enable you to compare, filter and focus on never-seen-before information.
Many existing solutions simply provide hundreds of out-of-the-box reports.
An abundance of graphs and dashboards that aren’t appropriate to your business simply create noise and confusion.
This is why we believe – that when it comes to analytics – more is actually less, despite the fact that this goes beyond intuition.
Spendkey includes a full suite of dashboards curated for your organisation. These are then customised so that we deliver value from the start by reducing costs and increasing overall efficiency and profitability.
This in turn allows you to:
Identify targeted opportunities across spend areas such as human resources, marketing, logistics, finance, technology, facilities management and professional services. Create accurate scenario planning and forecasts in real time and predict outcomes.
What if you removed legacy system?
What if there were Russian sanctions?
What if you streamline operations?
What if you could free up working capital?
What if you managed regionally?
What if you reduced reactive buying?
What if you reduced the volume of suppliers?
What if spend were reduced by 3%?
What if payment terms changed by 15 days?
What if spend shifted to preferred or diverse or carbon-neutral suppliers?
What if a reduce the costs per customer?
What if the total horizontal spend across my organisation were to sharply increase?
Reduce supply chain risk
Optimise target operating model
Reduce legacy systems
Effectively deploy cash
With these insights – which can identify targeted opportunities across functions including but not limited to human resources, marketing, logistics, finance, technology, facilities management and professional services – you can create accurate scenario planning and forecasts in real time, allowing you to predict outcomes.
Believe it or not – when you are data-empowered, you can answer these questions – and more.
This in turn allows you to:
"We would not have been able to deliver on our 5-week assignment without getting spend insights in under 2 weeks from Spendkey”
Rosalyn Olney, Co-Founder and Director at Source-Re.
It is important to understand and map your business critical processes. Subsequently it makes sense to understand the different suppliers and their services that underpin those business critical processes. By doing this mapping, business leaders are often surprised to find that there are a number of optimisation opportunities to improve profits, reduce risks and unclutter either the supplier services or your business process or both. We have an example from a leading European Bank who was able to understand that the cost of customer acquisition was 15X more than their profitability model and hence changes their strategy from acquiring new customers to retaining existing customer.
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Do you know the true cost of your critical business processes? It is important to understand and map your business-critical processes. It also makes absolute sense to understand the different suppliers and their services that underpin such processes.
Having undertaken these mapping exercises, business leaders are often surprised to find that there are a number of optimisation opportunities that they could utilise to improve profits, reduce risks and unclutter either the supplier services or business processes (sometimes they can even benefit from both).
An excellent example is a leading European bank who came to understand that the cost of customer acquisition was 15x more than their profitability model. As a result, they upended their strategy and went from focusing on acquiring new customers to retaining existing ones.
This in turn allows you to:
Customisation available for your own bespoke requirement
Open API for real time updates
Advanced AI/ML for speed and accuracy
Extract data easily
Monitor compliance
Actively manage tail spend
Optimise your payment terms
Track your budget and savings
Calculate rebates