Best Spend Management Software

Spend management software tracks and manages business expenses such as the cost of raw materials and components, or services such as transportation. This type of software helps companies avoid overspending and account for business expenses, ensuring they are accurately reflected in financial statements. Spend management software is used mostly by procurement departments to plan and monitor business expenses, but can also be used by accountants for financial reporting purposes.

This type of software should not be confused with expense management software, which focuses exclusively on employee expenses. Spend management integrates with procurement software and supply chain solutions such as supply chain planning software and sales & ops planning software.

To qualify for inclusion in the Spend Management category, a product must:

  • Provide a centralized repository of procurement and purchasing data
  • Include rules and workflows to approve purchases and payments
  • Compare procurement budgets with actual spending
  • Analyze historical data and identify changes and trends in spending
  • Deliver suggestions for savings by product, supplier, or department
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    Procurify
    (14)4.5 out of 5
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    Procurify is the best in class Spend Management Platform. Control, track and report your company’s spend. Robust request to approve functionality, purchase order management and authentication of deliveries all in one place. Purchasing in Real-Time Create, Track, and Report all your Requisitions, Purchase Orders, and Expenses in Real-Time, at the office or on the go. Control Spending As it Happens Be proactive instead of reactive. Accurately stay on top of your budgets before making decisions w

    Cloud-based solutions for collaborative spend, finance, and sales management. ERP and CRM systems are great, but they don't do much to improve interactions between businesses. For all your investments in technology, your B2B transactions are still managed with a fragmented array of applications and manual processes. Blocking your view, keeping costs and risks high, and hobbling your competitiveness. You need technology that makes trading partner collaboration easier and more efficient. Because

    Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics — all in one easy-to-use platform. Procurement Software Contains all functionality that helps to automate sourcing, inventory, catalogs and contracts management. Keeps suppliers’ relationships simple. Purchase Order Software Automates creating purchase orders, transmitting POs to suppliers, reconciling supplier invoices to POs and contracts, managing Purchase Requests. All in

    ProcurementExpress.com provides an instant view of the budget and the ability to sign off on purchase orders right away, even while on the road. It’s also super mobile-friendly so that you don’t even have to login or remember a password. In fact, you can approve POs right from your inbox. It’s so simple that even a technophobe can use it. ProcurementExpress.com also allows your team to get approval for purchases right away, rather than waiting several days for the manager to be back in the offi

    With Coupa Spend Analysis, you get a single lens for all your spend. Use AI-powered insights to benchmark performance and get suggestions on how to get to the next level.

    Vroozi is 100% cloud-based, mobile-friendly purchasing software. This means employees can search, request, approve, and order items and services on any device. With Vroozi, companies can easily create a marketplace; automate requests, approval, and orders; transmit orders to suppliers electronically; and analyze spend to make informed business decisions. Vroozi also helps you manage all documents (Purchase Orders, Goods Receipts, and Invoices) in one place. 3-way matching between these documen

    Airbase is the first all-in-one spend management platform that provides companies control and visibility into every dollar spent. The Airbase platform handles expense requests, approvals, bill payments (physical cards, virtual cards, ACH, check), and automates coding and posting to the general ledger. Learn more about why innovative companies like Gusto, Segment, Doximity, Getaround, Netlify, and more trust Airbase at www.airbase.io.

    Fraxion's cloud-based platform provides complete operating expense control, systematic policy compliance, risk management and spend analysis. Drive process efficiency through automation and Fraxion's user friendly interface and mobility. From Procurement, Expense Claims, Travel, Capex, Catalogues, PO's, Invoicing to Payments, Fraxion's cloud Spend Management suite streamlines the way you request items, authorise costs and pay for goods. Simplify Spend Management with Fraxion.

    Resolvr empowers asset managers and fund administrators at family offices, banks, hedge funds, and private equity firms.

    SMART by GEP is a unified source-to-pay (S2P) procurement software that brings end-to-end procurement functionality for both direct and indirect spend management into a single, cloud-native platform. It features a comprehensive range of procurement tools built into one unified procurement system; eliminating the need for separate, stand-alone software, modules, or tools for managing specific functions. SMART by GEP helps streamline the end-to-end procurement process, accelerating digital transfo

    Accrualify's Spend Management Platform helps corporate finance teams automate and manage their full AP process. Purchase Orders: Open the platform to all your employees so they can easily create purchase order requests. With customizable approval workflows, all PO requests are automatically sent to all required approvers. Accruals: Automate accrual estimate requests to vendors and have vendors input all estimate data for your admins. Invoices: Easily collect invoices from your vendors and

    Targets to deliver greater operating efficiencies and make cost savings within your organisation can appear daunting.

    CenterCard™ Visa® Business Debit Cards come with Center's Connected Spend Management Software, which links budget and spend information so everyone on your team can make more strategic decisions and get the most out of every dollar.

    Claritum’s cloud spend management platform enables many of the world’s largest enterprises, leading businesses and fast-growing service providers to gain granular visibility and control of every transaction, globally and in real time. Over 150,000 users in 35 countries rely on Claritum to deliver significant, measurable and sustainable savings from their expenditure on marketing & operational print, promotional products, uniforms & apparel, packaging, IT & consumables and related s

    InstaSupply is spend control as a service designed to avoid fraud, control spend and deliver valuable business intelligence through AI technology.

    THE PROCUREMENT EMPOWERMENT PLATFORM Ivalua’s Platform is uniquely designed for agility, performance, and scale. Built on a single code base and data model leveraging a configurable cloud infrastructure it fundamentally alters what Procurement & Supply Chain leaders can achieve. Unmatched flexibility -Best-in-class is not one-size-fits-all. -Easy configuration is a core principle of the Ivalua platform. -Meet your users’ needs, from custom UI and workflows to new forms and fields. -Collabor

    Sievo Spend Analysis turns any heterogeneous source data into tangible opportunities and more business value.

    SourceDay allows buyers and suppliers to collaborate without endless spreadsheets and email messages. SourceDay's SaaS solution updates ERP systems automatically with accurate price, quantity and lead time data, eliminating costly surprises in the factory and allowing for more orders to ship on-time. SourceDay’s platform provides a digital interface between a manufacturer’s ERP system and hundreds of suppliers, automatically updating changes to delivery dates, pricing and quantities throughout

    SpendControl is a comprehensive software designed to provide a platform for significant cost savings through automated procurement analytics and spend management.

    SpendControl is a comprehensive software designed to provide a platform for significant cost savings through automated procurement analytics and spend management.

    SutiSoft spend management platform helps organizations control costs by providing enterprise-wide visibility over spend area.

    The smarter way to see, measure and control your company spend.

    Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic and operational procurement functions, such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management. Zycus' Spend Analysis solution offers the most comprehensive, detailed, accurate and consistent spend visibility into your orga

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