Strategic sourcing starts here. Empower category managers and procurement leaders with detailed insights to define optimal purchasing strategies.
SPEND CATEGORISATION
Harness the power of machine learning and human categorisation to accurately classify your organisation's spend into six levels. This advanced auto-categorisation offers a detailed view of each expenditure by category and sub-category. Use these insights to sharpen your sourcing strategies, pinpoint areas of excess spend and uncover opportunities for cost savings and efficiency gains. Equipped with an elevated level of detail, you can negotiate better terms, consolidate suppliers, or explore alternative solutions to optimise strategic sourcing and boost efficiency.
SPEND TAXONOMY
Our platform gives you the flexibility to categorise your spend and tailor taxonomies to your requirements, giving you the detail needed to reveal cost-saving opportunities. Classify expenses according to standardised taxonomies like UNSPSC (United Nations Standard Products and Services Code), use custom taxonomy to fit your specific needs, or use a hybrid of both. Spendkey combines automated categorisation and experienced human judgment to deliver a granular and accurate breakdown of your spend, enabling you to make data-driven decisions that optimise your sourcing strategies and drive significant cost savings.
CATEGORY INSIGHTS
Get granular insights on direct and indirect spend breakdown by category and sub-category, suppliers, business function, location, and more. Drill into each spend data point to gain in-depth, actionable insights that empower you to identify specific cost drivers within direct and indirect spending. Track performance against budget at a granular level and discover potential efficiencies previously hidden, bring more spend under management and achieve your financial and business goals with precision.
INSIGHTFUL RESOURCES
Access our collection of resources, from guides and blogs to whitepapers and webinars. We're dedicated to providing informative content that helps support success, regardless of your industry. Dive in and discover invaluable insights tailored just for you.
DESIGNED TO DELIVER
Unlock hidden insights and supercharge your earnings growth with the world's first trustworthy spend analytics platform.
Get insights to quickly identify categories with opportunities for cost savings or improved contract terms.
Focus on specific categories to monitor performance and foster better supplier relationships.
Streamline procurement processes, drive efficiency and save time for teams.
Leverage data-led insights to ensure procurement aligns with broader business goals.
CUSTOMER SUCCESS STORIES
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