Good Company

DESIGNED TO DELIVER

Benefits

Unlock hidden insights and supercharge your earnings growth with the world's first trustworthy spend analytics platform.

Enhance financial
oversight

Control soaring technology and FinOps costs with complete spend transparency across your organisation.

Accelerate digital transformation

Free up capital within limited IT budgets by controlling high or out-of-scope spend and capturing cost-saving opportunities.

Reduce shadow
IT spend

Get clear visibility into Tier 1 and Tier 2 transactions and uncontracted purchases to streamline costs and enforce IT budget adherence.

Optimise technology
spend

Gain insights into technology investments and effectively manage spending across all business areas with strategic foresight into future allocations.

Good Company

BALANCE BUDGETS & INNOVATION

Lead digital transformation while controlling costs with Spendkey

Technology and innovation are clear priorities for modern businesses to maintain a competitive advantage. In an effort to stay ahead, technology leaders can be compelled to invest in new technologies without a defined strategy, sidelining the evaluation of existing systems and disregarding their value. Expenses linked to the current technology stack can be underestimated, causing technology costs to skyrocket.

Technology leaders are tasked with navigating the dilemma of fueling innovation while simultaneously curtailing costs and risk. In today’s dynamic business landscape, characterised by escalating IT costs and complex hybrid IT environments, superior spend visibility and effective control over expenditures are more important than ever.

Spendkey helps technology leaders overcome these challenges by transforming their data into detailed insights that generate recommendations and direct actions for cost savings.

By working with technology leaders across various industries, we've identified some key challenges they face today:

  • A lack of holistic visibility hinders the effective prioritisation of valuable and innovative technology investments.

  • Soaring technology expenses constrain capital allocation for new investments within set budgets, hampering digital transformation efforts.

  • Despite insights into major tech purchases and tier 1 suppliers, a lack of comprehensive spend, supplier, and contract insights elevates costs and Technology Expense Ratio.

  • Even with well-defined procurement processes and controls, tracking and reducing shadow IT spend remains challenging.

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OPTIMISE TECH SPEND

Prioritise technology investments and drive innovation

Get an accurate and transparent view of your organisation's IT landscape and project portfolio with cost analysis, enhance or retire legacy technologies, and prioritise new investment opportunities. Gain insights into your organisation's technology stack to get a comprehensive view of existing technologies and decide which technologies you should invest in.

Combine spend insights and supplier contract data for comprehensive visibility into out-of-scope or overspending areas. Cassian AI integrates market intelligence with spend insights to provide actionable recommendations for cost savings, helping you reduce technology's total cost of ownership and free up capital for driving digital transformation projects.

Priortise tech
Get unified view
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TRANSPARENCY & CONTROL

Get a unified view of your technology stack and spend

Secure a comprehensive and unified version of truth for your organisation's technology landscape and expenditures to simplify decision-making processes and optimise investment strategies. Spendkey consolidates data from various sources to provide a clear and detailed overview of your entire technology stack, ensuring that you have a holistic understanding of your IT infrastructure. Confidently navigate the evolving digital landscape, identify cost-saving opportunities, and align your technology investments with your strategic objectives.

Working with the best

The program has helped us understand and define ‘what good looks like.’ We have seen significant business benefits, most notably IT agility, to enable us to shift our operating model to being a services company for long-term sustainable growth

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GLOBAL COMMERCIAL VEHICLE MANUFACTURER
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Good Company

COMPLIANCE THROUGH VISIBILITY

Revealing the risks of shadow IT in modern enterprises

Shadow IT is a pressing challenge for technology leaders in today's fast-paced digital environment. With the proliferation of user-friendly applications and cloud services, employees often adopt technology solutions independently, bypassing official IT channels. While this autonomy might seem empowering, these unapproved purchases create significant organisational issues.

Shadow IT spend leads to fragmented systems, security vulnerabilities, and compliance concerns. What’s more, it hampers centralised control, making it difficult to monitor, manage, and optimise technology investments effectively.

Spendkey provides clear visibility into both Tier 1 and Tier 2 transactions, as well as uncontracted purchases. With indepth visibility into all unauthorised spend, technology leaders can take proactive actions to eliminate shadow spend and mitigate associated security and compliance risks.

Furthermore, Spendkey integrates market intelligence with spend analysis to offer data-driven recommendations. These recommendations help you take optimal business decisions regarding your technology investments while also helping you reduce costs and  free up capital for your digital transformation initiatives.

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DATA-DRIVEN TECH STRATEGIES

Improve business agility and reduce risk​

Spendkey boosts business agility and risk management by tracking Shadow IT expenditures. Technology leaders get clear visibility into unauthorised tech spending, aligning with innovation strategies and reducing security and compliance risks. Spendkey blends market intelligence with spend analysis to deliver data-driven recommendations that guide strategic technology investments, helping cut costs on obsolete systems, and freeing up funds for newer, more efficient technologies. This reduces overall technology costs and funds critical digital transformation initiatives, strengthening the organisation's technological resilience and competitive edge.

Improve business agility
Unlock full potential
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TRANSFORMING BUSINESS

Unlock your full potential as a technology leader

Today’s technology leaders face the dual challenge of driving innovation and maintaining financial stewardship. Spendkey empowers you to maximise your influence by providing a unified and comprehensive view of technology expenses to enable precise decision-making.

From optimising budgets to streamlining procurement processes, our platform equips you with the tools to drive efficiency and innovation simultaneously. With Spendkey, you can confidently align your technology investments with strategic goals and make prudent investments that deliver discernible value and impactful financial results in alignment with C-suite expectations.

Discover Our Solutions
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END-TO-END VISIBILITY

Our Operating Area

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.

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POWERFUL FEATURES

See how Spendkey can help you

Explore Features
Data Unification

Spend analysis
solutions

Effortlessly unify, categorise and analyse your spend data to get holistic spend visibility and reveal insights that streamline cost-saving strategies and achieve business goals.

Category Management

Category management strategies

Increase procurement savings and efficiency by implementing cost controls and refining sourcing strategies with Spendkey’s customised classification of direct and indirect spend across categories.

Accurate budgeting

Accurate budgeting & forecasting

Create and maintain growth by harnessing historical spend trends to uncover actionable insights for streamlining budgeting and future forecasting processes.

Cassian AI

Cassian AI: Simplify savings decisions

Cassian AI integrates spend and contract analytics to optimise supplier performance, streamline negotiations, cut costs, and boost ROI. It acts as your strategic co-pilot, providing recommendations and document creation scripts for RFPs, contract terminations etc.

Data Unification

Spend analysis solutions

Effortlessly analyse and compare data to reveal insights that inform decisions to reduce risk, streamline cost-saving strategies and achieve business goals.

Category Management

Category management strategies

Increase procurement savings and efficiency by implementing cost controls and refining sourcing strategies with Spendkey’s customised classification of direct and indirect spend across categories.

Accurate budgeting

Accurate budgeting & forecasting

Create and maintain growth by harnessing historical spend trends to uncover actionable insights for streamlining budgeting and future forecasting processes.

Cassian AI

Cassian AI: Simplify savings decisions

Cassian AI combines spend and contract analytics to identify opportunities for optimising supplier performance, improving negotiations, reducing costs and maximising ROI.

Spendkey Wins the Start-Up Award at Global Procurement & Supply Chain Awards 2024  

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