Spendkey

Spendkey

Spendkey Limited
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About

ISPnext helps more than 450 organisations improve their procurement and finance operations through an intelligent, cloud-based Source-to-Pay platform. By bringing invoices, contracts, suppliers, procurement and spend data together in one environment, ISPnext enables organisations to automate processes, reduce costs, strengthen supplier relationships and manage risk more effectively. Powered by nextAI, the platform transforms data into actionable insights and gives teams real-time visibility and control over spend. ISPnext’s integrated solutions support the entire Source-to-Pay process and connect seamlessly with leading ERP systems. With offices in the Netherlands, Germany and the United Kingdom, ISPnext supports organisations internationally with implementation, customer success and continuous optimisation.

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 Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Procurement and Finance teams seeking an integrated Source-to-Pay platform

Audience

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

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

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 Not Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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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

  • 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 Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Supported

Company Information

ISPnext
Founded: 2000
Netherlands
www.ispnext.com/en/

Company Information

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

Alternatives

Coupa

Coupa

Coupa Software

Alternatives

JAGGAER One

JAGGAER One

JAGGAER

Categories

AP Automation Supported
Procure to Pay Supported
Procurement Supported
Risk Management Supported
Spend Management Supported
Vendor Management Supported

Categories

AI Copilots Supported
Spend Analysis Supported
Spend Management Supported

Spend Management Features

Approval Workflow Not Supported
Budgeting / Forecasting Supported
Expense Tracking Not Supported
Multi-Currency Not Supported
Prepaid Cards Not Supported
Procurement Management Supported
Receipt Management Not Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Contract Management Features

Buy Side (Suppliers) Supported
Completion Tracking Not Supported
Compliance Tracking Supported
Contract Lifecycle Management Supported
Electronic Signature Supported
Full Text Search Supported
Government Contracts Not Supported
Pre-built Templates Supported
Sell Side (Customers) Not Supported
Specialty Contracts Not Supported
Version Control Not Supported
Workflow Management Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Supported
Financial Reporting Not Supported
Integration Management Supported
Inventory Management Not Supported
Order Management Not Supported
Vendor Management Supported

Procurement Features

Asset Management Not Supported
Auction Management Not Supported
Bid Management Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Not Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Risk Management Features

Alerts/Notifications Supported
Auditing Not Supported
Business Process Control Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Dashboard Supported
Exceptions Management Not Supported
Internal Controls Management Not Supported
IT Risk Management Not Supported
Legal Risk Management Not Supported
Mobile Access Not Supported
Operational Risk Management Not Supported
Predictive Analytics Not Supported
Reputation Risk Management Not Supported
Response Management Not Supported
Risk Assessment Supported

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Not Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History Not Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory Not Supported
Vendor Performance Rating Supported
Vendor Qualification Tracking Supported

Spend Management Features

Approval Workflow Not Supported
Budgeting / Forecasting Supported
Expense Tracking Supported
Multi-Currency Supported
Prepaid Cards Not Supported
Procurement Management Not Supported
Receipt Management Not Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Integrations

Exact Globe+ Supported
Exact Online Supported
IFS Ultimo Supported
Infor LN Supported
Infor M3 Supported
Infor SyteLine Supported
JD Edwards EnterpriseOne Supported
Microsoft Dynamics 365 Business Central Supported
Microsoft Dynamics 365 Finance Supported
Microsoft Power BI Not Supported
SAP ECC Supported
SAP HANA Supported
Sage 200 Supported

Integrations

Exact Globe+ Not Supported
Exact Online Not Supported
IFS Ultimo Not Supported
Infor LN Not Supported
Infor M3 Not Supported
Infor SyteLine Not Supported
JD Edwards EnterpriseOne Not Supported
Microsoft Dynamics 365 Business Central Not Supported
Microsoft Dynamics 365 Finance Not Supported
Microsoft Power BI Supported
SAP ECC Not Supported
SAP HANA Not Supported
Sage 200 Not Supported
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Claim ISPnext and update features and information
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Claim Spendkey and update features and information