Spendency

Spendency Products

Spendency offers a comprehensive spend analytics tool designed to enhance financial performance and provide a competitive edge. By delivering insights into fund utilization, it enables well-informed decision-making that positively impacts overall operations.

Accessibility and Ease of Use

Spendency is accessible to organizations of any size, industry, or location, requiring no prior expertise. Users can simply drag and drop their output data into the system. The platform includes a customizable duplicate check to ensure high data quality, even with multiple source systems. Data is automatically verified and grouped, providing immediate value without additional setup.

Key Features

The tool comes equipped with nearly 50 diagrams, KPIs, and preset evaluations. It identifies inefficiencies, streamlines processes, and boosts productivity. Spendency also detects fraud and compliance violations, reducing financial losses and legal issues while ensuring adherence to regulatory requirements and internal policies.

Strategic Benefits

Spendency provides data-driven insights for better resource allocation and strategic decision-making. It enables accurate budgeting and financial forecasting based on historical spending trends. The tool helps identify areas of excessive spending, allowing for cost-saving strategies and improved supplier management. Additionally, it supports sustainability efforts by identifying opportunities to reduce ecological impact through environmentally friendly suppliers and materials.

About Spendency

Spendency is developed by Onventis, a company based in Stuttgart, Germany. Founded in 1999, Onventis has been a pioneer in cloud-based solutions for digital transformation of purchasing and finance processes.

Company Overview

With a team of around 180 colleagues spread across five countries—Germany, the Netherlands, Sweden, France, and Ukraine—Onventis ensures that approximately 1.2 million users annually handle significant business volumes via the Onventis Suite. The company’s solutions are designed to streamline and automate all processes from source to pay, including network collaboration with suppliers.

Compliance and Reach

Onventis adheres to European compliance standards, providing secure and efficient business processes for buyers and suppliers. Their software is trusted by numerous companies for managing procurement needs.