Bring more spend under management, reduce supply chain risks and have better supplier conversations. Spendkey’s Document Analyser module effortlessly extracts and analyses data from various sources to identify cost savings and non-compliance.
DESIGNED TO DELIVER
Unlock hidden insights and supercharge your earnings growth with the world's first trustworthy spend analytics platform.
Gain holistic visibility to track and control maverick spend, renegotiate contracts, consolidate vendors and optimise procurement processes.
Analyse spending patterns to identify risky suppliers and take proactive measures to safeguard your supply chain and maintain operational excellence.
Enhance supplier management with contractual analysis to identify unforeseen risks and uncover cost consolidation strategies.
Seamlessly extract and analyse data from documents like contracts, invoices and POs with our Document Analyser module for automated insights to reduce risk.
YOUR STRATEGIC GUIDE
Making procurement decisions in today's volatile and competitive landscape is tough. With constant pressure to increase top- and bottom-line growth, it’s imperative to scrutinise every expenditure, especially since procurement often commands a substantial portion of the financial budget.
Procurement leaders shoulder many responsibilities, from identifying needs to managing suppliers and processing payments. They’re often stretched thin, with limited resources and mounting pressure to meet savings targets.
Spendkey helps procurement leaders overcome these challenges by transforming their data into detailed insights that generate recommendations and direct actions for cost savings.
Through our collaboration with procurement leaders across multiple industries, we've identified some recurring challenges:
Despite having well-defined procurement systems in place, soaring supplier costs hamper efforts to enhance spend under management.
While streamlined procurement processes are established, obtaining comprehensive visibility into the supplier landscape, purchases, and tail spend management remains challenging.
They have a hardworking and capable team but still struggle to identify and commence cost-saving initiatives.
IMPROVE PROFITABILITY
Uncover and seize cost-saving opportunities with Spendkey's in-depth, multidimensional analysis of your spend, supplier, and contractual data. Track transactions, spot maverick spending, and optimise supplier contracts with precision. With actionable insights at your fingertips, you can effortlessly negotiate better terms and make fact-based decisions that propel your financial strategy forward.
REDUCE RISK
Take control over vendors, contracts and risks with a complete view into your supplier landscape, including top-tier and sub-tier suppliers. Harness spend insights to get a holistic view of the total number of suppliers across each category, identify high-volume suppliers, and eliminate riskier ones. Combine insights from supplier contractual analysis to refine your supplier landscape, drive smarter supplier conversations, improve negotiations, and identify the cost of doing nothing from auto-renewals and maverick spend.
Spendkey also helps maintain a higher standard of compliance with regulations like the Modern Slavery Act. Safeguard your supply chain's integrity by meticulously auditing your supplier contractors' pay slips and mapping them against relevant regulations to stay compliant, responsible, and ahead of the curve.
CLEAN DATA, CLEAR DECISIONS
Making efficient procurement decisions is challenging for various reasons, but the primary hurdle is the absence of consolidated, clean, and consistent data for comprehensive analysis. This data is crucial for establishing a baseline understanding of the current scenario regarding costs, suppliers, contracts, and more. More often than not, the disordered data masks the true picture, leading to ill-informed decisions.
Spendkey helps you easily overcome the problem of messy data. With robust data transformation capabilities, our platform automates data extraction, cleansing, and enrichment to establish a single source of truth across your organisation.
Coupling human expertise with AI, our spend categorisation feature meticulously sorts spend into relevant buckets, offering a clear view of spend by categories and spotlighting high-spend areas that require control. Spendkey's Document Analyser module also extracts key terms from all supplier contracts to shed light on hidden costs—like those tucked away in Retail Price Indexation clauses.
Harness a blend of historical trends and market intelligence alongside Spendkey’s insights to craft optimal business decisions, enhance procurement efficiency and drive down costs.
ACTIONABLE INSIGHTS
Spendkey empowers procurement teams with comprehensive spend insights to ensure smart decisions can be made quickly. Cassian AI combines real-time data with market intelligence to reveal hidden savings opportunities and provide clear recommendations on the immediate actions that procurement leaders can take.
Whether your goal is to mitigate supply chain risks, address contractual compliance issues, optimise supplier relationships, or reduce costs, Spendkey is your trusted spend analytics solution for making well-informed decisions and taking strategic actions.
EMPOWERING PROCUREMENT
At Spendkey, we're dedicated to transforming procurement leaders into strategic business trailblazers globally. Our platform transcends the limitations of static reports and KPI metrics. Experience a significant boost in procurement efficiency with Spendkey automating your tedious data and reporting tasks while uncovering invaluable insights and recommendations that empower you to make superior strategic decisions.
Enhance your supply chain resilience, optimise your supplier network, and achieve remarkable cost reductions with Spendkey. What’s more, our unified solution facilitates seamless collaboration with your finance team, enabling you both to play pivotal roles in shaping strategic business decisions.
END-TO-END VISIBILITY
We provide valuable insights and solutions to manufacturing companies in London looking to optimise their spending. Our platform offers a comprehensive range of tools and services designed to help you manage your finances more effectively and make data-driven decisions that drive growth and profitability.
POWERFUL FEATURES
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