Spendkey

Spendkey

Spendkey Limited
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About

Simplify your entire purchasing journey with Purchasing Software that empowers you to Control, Request, Approve, Purchase, Pay, and Reconcile—the key to unlocking Proactive Spend Management. Take control of the entire purchasing process and supplier management. Dive into Proactive Spend Management, Track Every Penny, Eliminate Paperwork, Match Orders, and Pay Vendors — All Before Finishing Your First Cup of Coffee. Start the purchasing process by creating a purchase request. With ControlHub, your team has the best procurement software to generate and track POs in a single place. No Spreadsheets. No emails. No bottlenecks.

About

Spendkey stands out as a Gen AI-infused spend management platform, designed to convert complex data and documentation into actionable, profit-oriented strategies. By equipping teams with critical insights and market intelligence, Spendkey simplifies the intricacies of spend and contract management. At the heart of Spendkey's comprehensive feature set is CASSIAN, an intuitive AI Co-Pilot, adept at handling sophisticated cognitive tasks such as supplier negotiations by analysing vast amounts of data to recommend optimal negotiation strategies and contract terms. This capability exemplifies the practical application of AI in streamlining and enhancing decision-making processes in spend management.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Organizations interested in powerful purchasing software to unlock proactive spend management

Audience

Organizations in search of a spend analytics solution to get insights that enable strategic decision making

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

Free
Unlimited Purchasing Requests
Unlimited Requester Users
2 Approver Users
Always free
Free Version
Free Trial

Pricing

£ 21000
Pricing for core module's Spend Analytics, Finance and Budgeting, Cassian AI is based on the spend Threshold and the pricing start at £ 21000 per annum.
Pricing for our document / contact anaylser module is based on the number of document and number of data point and the pricing start at £ 12500 per annum.
Free Version
Free Trial

Reviews/Ratings

Overall 4.3 / 5
ease 4.2 / 5
features 4.7 / 5
design 4.3 / 5
support 5.0 / 5

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.7 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • 1. Very intuitive solution. 2. Great features. You get notifications when your request has been approved or if you are an approver and need to approve a request. If a request has been sitting with someone for too long, you can 'ping' that person so that the request bubbles on top of their inbox. Overall, notifying different stakeholders during the procurement process is very well covered. Control Hub gives you the ability to add customized roles aside from the standard ones (purchaser, accountant, requester, etc.) that are offered within the tool. This allows you to set up a special role as per your needs and pick and choose the task this role can perform. Approval limits. Control Hub can mimic your approval limits easily. Adding approvers. If you are an approver and would like someone else to chime in on a particular purchasing request before you approve it, you can add that person in the workflow. Vendors can upload their invoices within ControlHub or send them to the email address that you've provided them with Very easy to onboard new users. There is an SSO with Gmail and you can start using ControlHub in a few clicks. 3. Integrations QBO, Slack integrations are available if you need them. 4. Rock solid customer support Probably my favourite part of Control Hub is the user support. Control Hub has one of the most responsive support teams that I've ever worked with. Very knowledgeable, professional and humble. They respond to you in a clear manner within a very reasonable time frame. On top of all that they take your input and share it internally with their product team. During my cooperation with ControlHub, they've adopted some suggestions. Of course, they cannot adopt everything you ask for but I have an impression that they do listen to their clients.
  • Ease of ordering as needed to keep track of purchases for virtual CCs - the auto generated card is issued fast logs CC transactions quickly - which is helpful.
  • The customer support is superb! The workflow is very straightforward and easy to use. I love the design and its features. I have tested at least 10 different software on the market, and I decided to go with ControlHub mainly because of its design and flexible features.
  • Organization of our data. Customer support. Generation and retention of order and approver data. The punch out feature.
  • ControlHub is a game-changer for our financial management with its seamless integration with NetSuite. The ease of uploading journal entries has significantly improved our efficiency and accuracy. On top of that, the platform's user-friendly interface makes buying products a breeze, streamlining our procurement process. Highly recommend for businesses looking for a robust solution!

Cons

  • Reporting functionality has room for improvement. You can pull reports from the dashboard and do data dumps with filters. Somewhat limited customization capabilities. However, ControlHub team is making constant improvements and the tool really covers a lot.
  • Need availability to clean up shipping address in auto generated orders (once approvals are done). Wish user had option to add approvers without admin having to do it.
  • The system is a little bit buggy in the beginning, but they are very quick to get it fixed. I recommend that they do more user testing for any existing and new features so that customers will have a smooth experience.
  • There is no easy way to distinguish a request/order that will send a PO to a vendor, or a request that the purchaser needs to make online. Both use a PO # but, they are different actions the layout is sometimes confusing you can't get to the same screen from 2 different ways you kind of have to learn the quirks of the navigation to make it useful. once you are good at it it is fine. But it's not that intuitive.
  • While ControlHub offers valuable features, it's important to note that customer support is currently limited to email, leading to occasional delays in responses (up to a day). The learning curve for understanding the ins and outs of ControlHub might be a bit steep initially. Despite these considerations, once familiarized, the platform proves to be a valuable asset with its feature set. Patience during the learning phase could lead to a rewarding experience in managing tasks efficiently.

Pros & Cons from Real Users

Pros

  • Spendkey is a first rate spend analytics system. A great level of detail was invested to make using the system very friendly and intuitive. One of the features I like most is its ability to customize fast the product to different requirements of customers. Another great point is its classification algorithm which quickly sort all transaction into a well structured taxonomy.
  • A Comprehensive Solution for Optimal Spend Management, smarter and accelerate your business growth with data-driven decisions. - Combining spend analysis and contract analysis. - Get a unified view of spend analytics, contract management, category management, market intelligence, negotiation strategies and risk management in one intuitive interface. - Spendkey empowered my team to negotiate contracts and establish a healthy spend culture - Anticipate future business trends and threats with powerful analytics. - Discover bottom-line savings in minutes - Accurate budgeting & forecasting - Cassian AI: Simplify savings decisions
  • Intuitive, requires no training. The dashboards are business focussed and brings visibility to surface.

Cons

  • UI is good but cut can be improved somehow, adding more colors and a little better visibility.
  • Spendkey has not encountered any negative aspects or cons over the past two years.
  • Cannot think of any such feature that I can write here as cons.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

ControlHub
Founded: 2020
www.controlhub.com

Company Information

Spendkey Limited
Founded: 2020
United Kingdom
www.spendkey.io

Alternatives

Alternatives

Categories

Categories

Spend Management Features

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Inventory Management Features

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

Procurement Features

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing Features

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management Features

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Integrations

Amazon
MSC Apex
Microsoft Power BI
NetSuite
QuickBooks Online
Slack

Integrations

Amazon
MSC Apex
Microsoft Power BI
NetSuite
QuickBooks Online
Slack
Claim ControlHub and update features and information
Claim ControlHub and update features and information
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