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Spendkey is a comprehensive spend management solution for accurate spend visibility and trusted reporting . Spendkey combines data transformation with intuitive analytics backed by a powerful AI technology .<br>Spendkeyu2019s revolutionary platform can ingest all your payments data and then extracts, unifies, categorizes the data and further processes it to provide you with a single, truthful view of your overall spend.Spendkeyu2019s dynamic multi-dimensional dashboards reveals hidden spend and gives you in-depth analysis of spend across your business with clear intelligence on various spend dimensions.
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Whyprioritise spend? Fortune500 Outgoings Fortune 500 Third PartySpend: Third PartySpend by10% EBITDA32% EBITDARatio 3.2 70% ThirdParty Spend If it is so easy…Why hasn’t everyone doneit? Spenddataispoor
Poordataimpactsvisibility Small increments invisibility have a high impacton: Visibility Control Efficiency Value • Costs • Quality andinnovation • Competitiveadvantage • Availability • Sustainability Whatyoucan’tsee,youcan’tinfluence. Revenue Protection Audit Readiness Cash Optimisation Carbon Tracking Data Cleaning Digital Transformation Post-merger Integration Strategic Sourcing
SpendAnalytics How we fix poor data andimprove visibility DataTransformation Unify –ingests clients’ data from existing ERPs systems and secondary data from theweb. Build -auto-maps transaction to correct category of spend using Artificial Intelligence andMachine Learning which significantly reduces human effort and increases overallaccuracy. Watchvideo Reveal -dynamic dashboards create visual, customised insights. Empower -our insights transform the user's ability to control, influence and driveefficiencies.
ProductOffering DataTransformation SpendAnalytics CFOs Analysts COOs • Out-of-theBox • TailoredInsights • Recommendations • Predictions • Notifications • Amplify yourvisibility • spend claritycloud® • spend.ai® • Understand • Contextualise • Transform • Enhance • Transform your spenddata
Output Wanttoreview100,000spend transactions? Client A –93% accurate Client B – 86% accurate Client C –94% accurate Each of these clients would take a human 200 daysto process. Spendkeycreatesinsightsin20minutes.
Our insights have transformed businesses ability to control,influence Benefits and deploy casheffectively. 100xinsights 95% reductionin management overhead 99% reduction in reporting cycletimes compliance 10 8 6 4 third partyrisk spend management 2 0 spend efficiency cost savings cash management Before After
Testimonials It's great to see that you understand our underlying data quality challenges / issues and have ready-made solutions to address them. Often, many providers take a helicopter view that is detached fromreality. AkbarSuleymanov,SeniorFinanceDirectoratMundipharma Watchvideo Wewouldnothavebeenabletodeliveronour5-weekassignmentwithout getting spend insights in under 2 weeks fromSpendkey. RosalynOlney,Co-FounderandDirectoratSource-Re Watchvideo
Rapidset-up 10 DaySet-up DataRefresh Cycles ClientShares Data* Jointreview ofdata SpendClarity Cloud Ongoingdata sharing** SpendClarity cloud Consultation spend.ai
UnifyandIngest DataTransformation Set baseline currency Translatelanguage Createasingleversion
SupplierName Abbbott Rapid DiagnosticsHoldings, Abbott Rapid DiagnosticsLtd, AB Toxicology Limited Abermedia Limited ABM Aviation UKLimited A.B.M. SupplierName Abbott Rapid Abbott Rapid ABToxicology Abermedia ABM ABM DataTransformation • Cleanseand normalise • Remove Typos • Group the samesuppliers • Abbreviate wherepossible • Remove non-identifyingtext • Groupparentchildfinancialrelationships SupplierName Abbott Rapid DiagnosticsHoldings, Abbott Rapid Diagnostics Ltd, AB ToxicologyLimited SupplierName AbbottRapid AbbottRapid AbbottRapid
DataTransformation Buildcontext After: Detailed Description: Meraki MX250-HW SecurityAppliance Before: Brief Description:MX250 Continuously refreshedwith secondaryinformation New, granular, concise data labels. Generating powerful customisedinsights that align to yourrequirements.
Everythingin-house. Pune 16 strong team in India. London 9 strong team inUK. Plus five advisers, experience includes corporate development, developer for Thoma Bravo portfolio companies, consulting founders, and start-up Chief FinancialOfficer.