Name: Spendwise
Rating: 8 (2 reviews)
Author: Spendwise

Customer Success

Help Desk

Web and Video Conferencing

Customer Support

Agile Development

Image Recognition

Interactive Application Security Testing (IAST)

Kubernetes Monitoring

Service Mesh

Development

Alumni Management

Education

AI Document Creation

Business Intelligence (BI)

Collaboration

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Benefits Administration

Corporate Learning Management

Employee Scheduling

HR Management

HR Service Delivery

Pay Equity

Payroll

Talent Intelligence

Talent Management

Vendor Management Systems (VMS)

Workforce Analytics

Workforce Management

Human Resources

Cloud Brokers

Cloud Storage

Code Review

Data Center Backup

Data Integration

Data Masking

Database Load Balancing

Edge Computing

Email Encryption

Ethernet Switches

Fraud Detection

Governance, Risk & Compliance

Integration Platform as a Service (iPaaS)

License Management

Low-Code Development

Managed Hosting

Mobile Application Performance Monitoring  (APM)

Network Performance Monitoring

Object Storage

SQL Server Performance Monitoring

Unified Endpoint Management (UEM)

Web Content Filtering

Information Technology

A/B Testing

AI Writing Assistant Software

Account-Based Marketing (ABM)

Ad Serving & Retargeting

Affiliate

All-in-One Marketing

App Store Optimization (ASO)

Content Management

Customer Journey Analytics

Digital Asset Management

Digital Content Creation

Email Marketing

Marketing Automation

Social Media Management

Survey & Forms Building

Tag Management

Usability Testing

Web Analytics

Marketing

Project Management

Professional Services

Customer Communication Management

Customer Relationship Management (CRM)

Sales Consulting

Sales

Animation

Dealer Management

PCB Design

Travel Agency

Vertical-Specific

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### Purchase Order Management
Users generally appreciate Spendwise's efficient purchase order management capabilities. They find it easy to create, approve, and issue purchase orders, allowing for streamlined processes within different groups. The system's ability to track the approval trail and status of purchase orders remotely is also well-received. However, some users have expressed concerns about the system's limitations, such as the inability to reflect multiple users in the system simultaneously, leading to potential errors in PO usage. Despite these minor drawbacks, Spendwise's purchase order management functionality is generally viewed positively by users for its user-friendly interface and time-saving features.

### Invoice Processing
Users consistently highlight Spendwise's invoice processing capabilities as a strong suit, praising its ability to streamline the creation and tracking of invoices. The software's user-friendly interface and efficient invoice management features have garnered positive feedback, with users noting the convenience of accessing and managing invoices in a centralized system. Additionally, the ability to generate detailed reports on expenses and vendor spending further enhances the overall invoice processing experience for users.

### Expense Tracking and Reporting
While some users appreciate Spendwise's expense tracking and reporting features for their ease of use and ability to track expenses efficiently, others find the reporting functionality lacking in customization and precision. The platform allows for detailed breakdowns of costs and codes, aiding users in identifying areas of heavy spending. However, there are concerns about the cumbersome nature of the reporting process and the inability to pinpoint specific items easily. This mixed feedback suggests that while Spendwise offers valuable expense tracking and reporting tools, there is room for improvement to meet the diverse needs of its users.

### Inventory Management
Users consistently highlight Spendwise's inventory management as a standout feature, praising its efficiency in tracking inventory levels, facilitating purchase orders, and providing comprehensive insights into product costs. The system's ability to streamline inventory processes and enhance visibility into stock levels has garnered positive feedback from users. While some users express a desire to further explore Spendwise's inventory management capabilities, overall sentiment leans towards satisfaction with the platform's inventory management functionalities.

### Approval and Workflow Automation
Users consistently praise Spendwise for its efficient approval chain and workflow automation features. They appreciate the ease of creating and modifying approval chains, tracking the status of purchase orders, and the ability to approve remotely. The system's cloud-based nature is particularly beneficial for organizations with dispersed teams. Users also highlight the time-saving aspect of the platform, allowing them to submit purchase requests directly to managers without the need for manual intervention. Additionally, the ability to search previous orders in real-time and access purchase history is lauded for enhancing transparency and audit readiness. Spendwise's approval and workflow automation capabilities are seen as a valuable asset in streamlining procurement processes and ensuring compliance.

### Document Management and Creation
Users appreciate Spendwise's efficiency in creating and managing documents, particularly highlighting the ease of generating Purchase Orders and tracking previous orders. However, some users express a desire for improvements, such as the ability to print approved Purchase Orders to PDF more conveniently. Despite these minor concerns, the overall sentiment leans towards positive experiences with Spendwise's document management and creation features.

### Vendor and Supplier Management
Users consistently praise Spendwise's vendor and supplier management capabilities. They appreciate the ease of managing suppliers and parts, creating purchase orders, and tracking items from multiple vendors. Despite some limitations, such as the lack of supplier performance tracking features like on-time delivery metrics, users find Spendwise to be a valuable tool for vendor and supplier management. The platform's user-friendly interface, ability to create approval chains, and streamline vendor registration processes contribute to a positive user experience in managing vendors and suppliers efficiently.

### Procurement and Procurement Teams
Users have expressed a consensus that Spendwise's procurement and procurement teams functionalities are robust and efficient. The software has streamlined the procurement process, allowing for easy request, review, approval, and fulfillment of purchase orders. Additionally, the ability to attach receipts to POs has simplified credit card transaction reconciliation, enhancing overall financial tracking and management. Users appreciate the transparency and ease of collaboration within the procurement team, leading to improved efficiency and cost-effectiveness in procurement operations.

### Budgeting and Cost Control
Users consistently praise Spendwise for its robust budgeting and cost control features. They appreciate the platform's ability to provide detailed breakdowns of costs and expenses, allowing for better visibility into spending patterns. The user-friendly interface and customizable access roles also contribute to efficient cost management within organizations. Additionally, Spendwise's expense tracking and reporting capabilities are lauded for helping users identify areas where cost-cutting measures can be implemented effectively.

Users frequently recommend Spendwise for its easy-to-use accounting software, which includes features like uploading vendors, GL codes, and inventory items. They appreciate the overall functionality and user-friendliness of Spendwise.

Another common recommendation is for creating professional-looking purchase orders. Users find Spendwise to be a great option for generating well-designed and professional purchase orders.

Finally, users who have experienced small and isolated business problems recommend Officewise. They acknowledge the limited scope of their issues but found that Officewise was able to effectively meet their needs.

Ease of Use: Users have consistently found Spendwise to be easy to use and navigate, even for those who are not familiar with this type of software. Some reviewers specifically appreciated the fact that training was an easy process, and they were able to learn how to use the platform quickly.

Efficiency: The efficiency of Spendwise has been a common theme among users. Many reviewers noted that the software allows them to streamline various aspects of their business operations, including job costing, tracking expenditures, creating purchase orders, and managing inventory. Additionally, some users appreciated the real-time search feature for previous orders which made it easier for them to access their purchase history.

Notifications: Several users have praised Spendwise's notification system as being highly useful in keeping track of approvals and other important updates. Notifications allow users to stay informed when their purchase orders are approved, making it easier for them to manage their business processes efficiently without any delays or confusion.

Difficulty exporting and reporting: Some users have expressed difficulty when using Spendwise to export and report data. They feel that the customization options are limited, making it challenging to get specific information they need. Several reviewers have mentioned this issue.

Cumbersome reporting process: The reporting process in Spendwise can be cumbersome according to some users. They would like the option to pinpoint specific items instead of having to go through all the available data. A number of reviewers have complained about this aspect of the software.

Expensive for their needs: Some users find Spendwise too expensive for what they need. While the software is comprehensive, these users feel that other cloud accounting software packages offer similar features at a lower price point. Several reviewers share this sentiment.

Spendwise headquartered in California offers their eponymous business spend mamagenent software solution.

Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.

Control

Collect

Simple plan

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Spendwise

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Spendwise Budget Tracker App demo

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What is Spendwise?