Spendkey

Spendkey

Spendkey Limited
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About

Scanmarket’s Source-to-Contract (S2C) software is designed to empower procurement teams to streamline their sourcing processes and manage supplier relationships more effectively. The platform supports end-to-end procurement activities, from creating RFPs to contract management, and enables teams to make smarter decisions with real-time data. With features like automated supplier management, spend analytics, and eAuction tools, Scanmarket helps organizations save costs, improve supplier performance, and drive better strategic sourcing decisions. The platform is scalable and easy to implement, designed to fit the needs of businesses of all sizes across various industries.

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

Scanmarket is ideal for procurement teams, sourcing managers, and businesses looking to optimize their supply chain operations, reduce costs, and improve supplier relationships with an advanced, scalable S2C 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

*All modules include our standard service
24/5 Quick Call support
24/7 Email support
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

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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

Unit4
Founded: 1999
Denmark
www.scanmarket.com

Company Information

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

Alternatives

MeRLIN Sourcing

MeRLIN Sourcing

MeRLIN Sourcing B.V.

Alternatives

Categories

Categories

AI Copilots Supported
Spend Analysis Supported
Spend Management Supported

Procurement Features

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