SpendMonkey

SpendMonkey is a spend analysis software designed to provide accurate and user-friendly spending information for procurement, finance, supply chain, operations, and manufacturing professionals. It offers a plug & play Spend Analysis Platform that automates the process from data collection to data visualization. SpendMonkey is suitable for businesses of any size and caters to a wide range of professions and industries.

Key Features

Spend Analysis Platform: According to the vendor, SpendMonkey provides a plug & play Spend Analysis Platform that offers accurate and user-friendly spending information. It aims to unburden procurement professionals and provides up-to-date spending information for a low monthly fee. The vendor also offers the assistance of BI specialists.

Packages for Different Situations: SpendMonkey offers different packages to suit various procurement situations. Pricing can be influenced by factors such as data quality, multiple source systems, and the number of users. Custom quotes are also available for situations not listed.

Spend Management Software: The vendor claims that SpendMonkey enables good decision-making and mistake avoidance through timely and accurate information. It helps in making costs transparent, saving money, and managing procurement expenses. The software aims to help organizations achieve their objectives at strategic, tactical, and operational levels.

Unburdened and Automated Process: SpendMonkey provides a fully unburdened and automated process from data collection to data visualization. It offers clear analyses with all the statistical information in one view. The vendor states that the software requires no training and is extremely user-friendly with a plug & play approach. Users can easily search, filter, group, view, export, and report data as needed.

Unique Features: According to the vendor, SpendMonkey includes unique features such as a KPI scorecard, forecasting, targets, results, alerts, and a procurement tracker/radar. Users can easily share reports with management, internal customers, and suppliers. The software supports multi-device usage, including desktop computers, smartphones, and tablets. Additionally, there is a handy app for accessing information 24/7.

Secure Microsoft Cloud Solution: SpendMonkey ensures optimal protection of data with a secure Microsoft cloud solution. It is built-in with Power BI based on the latest Microsoft technology. According to the vendor, users also have access to BI specialists for ongoing support and assistance.

Main Benefits of Spend Analytics Software: The vendor claims that SpendMonkey provides integrated total insight, overview, and control of spending. It aims to significantly increase efficiency in procurement processes, offer the potential for substantial cost reduction, and help in reducing financial and legal risks. The software aims to enable complete control and proactive management of procurement expenses.