Spendwise Features

Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

Define rules and workflows that managers can use to approve different kinds of spending.

Align spending across various departments such as procurement and accounting.

Provide standard spend KPIs that can be customized by users.

Use historical spend data to create benchmarks per company or department.

Provide forecasts on future trends that may impact spending performance.

Identify savings opportunities per activity, department, or at the company level.

Based on 25 Spendwise reviews. Use criteria to add or remove suppliers to/from approved lists.

As reported in 24 Spendwise reviews. Manage communications with suppliers on multiple channels such as phone or email.

Based on 27 Spendwise reviews. Capture and maintain documents related to suppliers and their products or services.

Based on 27 Spendwise reviews. Compare goods received with purchase orders and document variations

Manage workflows and business processes for procurement. This feature was mentioned in 23 Spendwise reviews.

Based on 16 Spendwise reviews. Provide standard procurement contracts that can be customized.

Maintain a repository of content such as catalogs and other documents. 23 reviewers of Spendwise have provided feedback on this feature.

Define requisition rules for various types of procurement 20 reviewers of Spendwise have provided feedback on this feature.

Provide features to capture and record invoices, such as import or scanning 18 reviewers of Spendwise have provided feedback on this feature.

Allow suppliers to submit invoices using an online portal 17 reviewers of Spendwise have provided feedback on this feature.

Deliver a central repository of AP documents, such as POs and invoices This feature was mentioned in 17 Spendwise reviews.

Allows users to evaluate supplier performance using standard and custom KPIs. 18 reviewers of Spendwise have provided feedback on this feature.

Provide features to compare suppliers and choose the best option for various activities. This feature was mentioned in 19 Spendwise reviews.

Identify potential issues and how they may impact relationships with suppliers. This feature was mentioned in 14 Spendwise reviews.

Based on 14 Spendwise reviews. Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services. This feature was mentioned in 28 Spendwise reviews.

Based on 20 Spendwise reviews. Include features for procurement invoicing and e-invoicing.

Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 21 Spendwise reviews.

As reported in 21 Spendwise reviews. Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing 22 reviewers of Spendwise have provided feedback on this feature.

As reported in 16 Spendwise reviews. Comply with local and global tax regulations for collections

Based on 18 Spendwise reviews. Electronically submit invoices to buyers

Based on 19 Spendwise reviews. Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications. This feature was mentioned in 16 Spendwise reviews.

Track history of all interactions and business transactions with suppliers. 21 reviewers of Spendwise have provided feedback on this feature.

Improve visibility into procurement activities across the company. 20 reviewers of Spendwise have provided feedback on this feature.

Monitor the performance of procurement operations This feature was mentioned in 21 Spendwise reviews.

Based on 23 Spendwise reviews. Analyze procurement spending and identify future trends.

Based on 18 Spendwise reviews. Track invoices based on due dates to identify overdue payments

Monitor KPIs such as time to process an invoice or erroneous payments 12 reviewers of Spendwise have provided feedback on this feature.

Provide integration with accounting and financial management software 19 reviewers of Spendwise have provided feedback on this feature.

Based on 19 Spendwise reviews. Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems 15 reviewers of Spendwise have provided feedback on this feature.

As reported in 17 Spendwise reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Online credit card number that can be instantly sent to employees and used for secure, one-time purchases

Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services

Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets

Report on spend transactions as they happen in real time

Reports that allow the user to sort and filter by vendor, team, GL, department, etc.

The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets

Pay vendors through a dashboard or portal and maintain vendor payment information

Manage and execute recurring payments, such as subscriptions, services, utilities, etc.

Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment

Allows for the electronic transfer of funds between banks

Real-time notifications for fraudulant and/or duplicate spending

Individual, unique cards for each vendor to help manage duplicate and overpayments

Control spend limits, expiration dates, and lock and unlock stolen or lost cards

Anticipates needs and offers suggestions without prompting

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives