Spendwise Features
Setup (3)
Data
Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.
Approvals
Define rules and workflows that managers can use to approve different kinds of spending.
Alignment
Align spending across various departments such as procurement and accounting.
Performance (4)
KPIs
Provide standard spend KPIs that can be customized by users.
Benchmarks
Use historical spend data to create benchmarks per company or department.
Forecasting
Provide forecasts on future trends that may impact spending performance.
Savings
Identify savings opportunities per activity, department, or at the company level.
Management (4)
Approval
Based on 25 Spendwise reviews. Use criteria to add or remove suppliers to/from approved lists.
Communication
As reported in 24 Spendwise reviews. Manage communications with suppliers on multiple channels such as phone or email.
Documents
Based on 27 Spendwise reviews. Capture and maintain documents related to suppliers and their products or services.
Receipt of Goods
Based on 27 Spendwise reviews. Compare goods received with purchase orders and document variations
Planning (4)
Processses
Manage workflows and business processes for procurement. This feature was mentioned in 23 Spendwise reviews.
Contracts
Based on 16 Spendwise reviews. Provide standard procurement contracts that can be customized.
Content
Maintain a repository of content such as catalogs and other documents. 23 reviewers of Spendwise have provided feedback on this feature.
Requisition
Define requisition rules for various types of procurement 20 reviewers of Spendwise have provided feedback on this feature.
Invoice Management (3)
Capture
Provide features to capture and record invoices, such as import or scanning 18 reviewers of Spendwise have provided feedback on this feature.
Supplier Portal
Allow suppliers to submit invoices using an online portal 17 reviewers of Spendwise have provided feedback on this feature.
Repository
Deliver a central repository of AP documents, such as POs and invoices This feature was mentioned in 17 Spendwise reviews.
Supplier Management (3)
Evaluation
Allows users to evaluate supplier performance using standard and custom KPIs. 18 reviewers of Spendwise have provided feedback on this feature.
Selection
Provide features to compare suppliers and choose the best option for various activities. This feature was mentioned in 19 Spendwise reviews.
Risk Management
Identify potential issues and how they may impact relationships with suppliers. This feature was mentioned in 14 Spendwise reviews.
Execution (3)
Sourcing
Based on 14 Spendwise reviews. Identify and assess suppliers for different products and services.
Purchasing
Electronically create and manage purchase orders for products and services. This feature was mentioned in 28 Spendwise reviews.
Invoicing
Based on 20 Spendwise reviews. Include features for procurement invoicing and e-invoicing.
Invoice Processing (5)
Matching
Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 21 Spendwise reviews.
Payments
As reported in 21 Spendwise reviews. Identify incomplete or late supplier payments
Workflows
Include workflows for approvals and invoice processing 22 reviewers of Spendwise have provided feedback on this feature.
Tax Compliance
As reported in 16 Spendwise reviews. Comply with local and global tax regulations for collections
Submittal
Based on 18 Spendwise reviews. Electronically submit invoices to buyers
Supplier Information (3)
Profiles
Based on 19 Spendwise reviews. Create and manage supplier profiles that include contact and pricing information.
Qualifications
Identify the services and products provided by suppliers, as well as certifications. This feature was mentioned in 16 Spendwise reviews.
History
Track history of all interactions and business transactions with suppliers. 21 reviewers of Spendwise have provided feedback on this feature.
Analytics (5)
Visibility
Improve visibility into procurement activities across the company. 20 reviewers of Spendwise have provided feedback on this feature.
Performance
Monitor the performance of procurement operations This feature was mentioned in 21 Spendwise reviews.
Spend
Based on 23 Spendwise reviews. Analyze procurement spending and identify future trends.
Due Dates
Based on 18 Spendwise reviews. Track invoices based on due dates to identify overdue payments
KPIs
Monitor KPIs such as time to process an invoice or erroneous payments 12 reviewers of Spendwise have provided feedback on this feature.
Integration (4)
Accounting
Provide integration with accounting and financial management software 19 reviewers of Spendwise have provided feedback on this feature.
Payments
Based on 19 Spendwise reviews. Integrate with payment gateways and enterprise payments software
ERP
Deliver integrations with accounting modules of ERP systems 15 reviewers of Spendwise have provided feedback on this feature.
Procurement
As reported in 17 Spendwise reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management
Payment Cards (3)
One-time Virtual
Online credit card number that can be instantly sent to employees and used for secure, one-time purchases
Recurring Virtual
Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services
Physical
Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets
Reporting (4)
Real time
Report on spend transactions as they happen in real time
Multiple Views
Reports that allow the user to sort and filter by vendor, team, GL, department, etc.
Export
The ability to export reports in various formats, such as excel, CSV, and Google Sheets
Budgets
Report on and track spending against budgets
Payments (4)
Vendor
Pay vendors through a dashboard or portal and maintain vendor payment information
Recurring
Manage and execute recurring payments, such as subscriptions, services, utilities, etc.
Employee Reimbursements
Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment
ACH
Allows for the electronic transfer of funds between banks
Fraud & Risk Management (3)
Notifications
Real-time notifications for fraudulant and/or duplicate spending
Unique Cards
Individual, unique cards for each vendor to help manage duplicate and overpayments
Controls
Control spend limits, expiration dates, and lock and unlock stolen or lost cards
Agentic AI - Spend Management (1)
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Agentic AI - Purchasing (2)
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
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