Spendkey

Spendkey

Spendkey Limited
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About

PRM360 is the smartest solution to your overall Procure-to-Pay requirement incorporating all these individual processes under one umbrella. With Requirements posted Online, Automatic Quotations received from vendors, and their timely Validation by our smart systems make PRM360 one of the best in the business. The Online Bidding process allows purchase officers to select the best offer under the sun saving almost 5-15% time over others. With Automatic Reminders to the vendor for Invoice Submission, and by seeking Online Approvals for Clearances, PRM360 cuts down on any possible delays in the payment schedule drastically. This not only contributes to vendor satisfaction but eliminates any unproductive time spent by the purchasing team on follow-ups. Statistics show that PRM360 users are able to seek 300% ROI over other Procure-To-Pay solutions in the market.

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 Supported
Mac 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

Companies searching for a solution to manage and improve their operations

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 Not Supported

Support

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

API

Offers API Not Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

Contact PRM360 for prices
Contact PRM360 for prices
Free Version Not Supported
Free Trial 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 Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Supported

Company Information

PRM360
Founded: 2015
India, Hyderabad
www.prm360.com

Company Information

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

Alternatives

Coupa

Coupa

Coupa Software

Alternatives

JAGGAER One

JAGGAER One

JAGGAER

Categories

Categories

AI Copilots Supported
Spend Analysis Supported
Spend Management Supported

Spend Management Features

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

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Supported
Customer Portal Supported
Customizable Invoices Supported
Dunning Management Supported
Hourly Billing Supported
Invoice History Supported
Mobile Payments Supported
Multi-Currency Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Supported
Tax Calculator Supported

Catalog Management Features

Catalog Creation Supported
Content Library Supported
Content Management Supported
Cross Selling Functionality Supported
Custom Product Attributes Supported
Customizable Catalogs Supported
Desktop Publishing Supported
Pricing Management Supported
Product Comparison Supported
Search Supported

Contract Management Features

Buy Side (Suppliers) Supported
Completion Tracking Supported
Compliance Tracking Supported
Contract Lifecycle Management Supported
Electronic Signature Supported
Full Text Search Supported
Government Contracts Supported
Pre-built Templates Supported
Sell Side (Customers) Supported
Specialty Contracts Supported
Version Control Supported
Workflow Management Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Supported
Financial Reporting Supported
Integration Management Supported
Inventory Management Supported
Order Management Supported
Vendor Management Supported

Procurement Features

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

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory 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

Microsoft Power BI Not Supported

Integrations

Microsoft Power BI Supported
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