Spendwise Features
What are the features of Spendwise?
Management
- Approval
- Communication
- Documents
- Receipt of Goods
Planning
- Processses
- Content
Execution
- Purchasing
Invoice Processing
- Matching
- Payments
- Workflows
Supplier Information
- Profiles
- History
Analytics
- Visibility
- Performance
- Spend
Spendwise Categories on G2
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Setup
Data | Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. | Not enough data | |
Approvals | Define rules and workflows that managers can use to approve different kinds of spending. | Not enough data | |
Alignment | Align spending across various departments such as procurement and accounting. | Not enough data |
Performance
KPIs | Provide standard spend KPIs that can be customized by users. | Not enough data | |
Benchmarks | Use historical spend data to create benchmarks per company or department. | Not enough data | |
Forecasting | Provide forecasts on future trends that may impact spending performance. | Not enough data | |
Savings | Identify savings opportunities per activity, department, or at the company level. | Not enough data |
Management
Approval | Based on 19 Spendwise reviews. Use criteria to add or remove suppliers to/from approved lists. | 93% (Based on 19 reviews) | |
Communication | As reported in 18 Spendwise reviews. Manage communications with suppliers on multiple channels such as phone or email. | 95% (Based on 18 reviews) | |
Documents | Capture and maintain documents related to suppliers and their products or services. 21 reviewers of Spendwise have provided feedback on this feature. | 96% (Based on 21 reviews) | |
Receipt of Goods | Based on 21 Spendwise reviews. Compare goods received with purchase orders and document variations | 95% (Based on 21 reviews) |
Planning
Processses | Manage workflows and business processes for procurement. 17 reviewers of Spendwise have provided feedback on this feature. | 95% (Based on 17 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. 10 reviewers of Spendwise have provided feedback on this feature. | 93% (Based on 10 reviews) | |
Content | Based on 17 Spendwise reviews. Maintain a repository of content such as catalogs and other documents. | 92% (Based on 17 reviews) | |
Requisition | Define requisition rules for various types of procurement This feature was mentioned in 14 Spendwise reviews. | 95% (Based on 14 reviews) |
Invoice Management
Capture | Based on 12 Spendwise reviews. Provide features to capture and record invoices, such as import or scanning | 93% (Based on 12 reviews) | |
Supplier Portal | As reported in 11 Spendwise reviews. Allow suppliers to submit invoices using an online portal | 85% (Based on 11 reviews) | |
Repository | As reported in 11 Spendwise reviews. Deliver a central repository of AP documents, such as POs and invoices | 88% (Based on 11 reviews) |
Supplier Management
Evaluation | Based on 13 Spendwise reviews. Allows users to evaluate supplier performance using standard and custom KPIs. | 97% (Based on 13 reviews) | |
Selection | Provide features to compare suppliers and choose the best option for various activities. 13 reviewers of Spendwise have provided feedback on this feature. | 95% (Based on 13 reviews) | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Execution
Sourcing | Identify and assess suppliers for different products and services. | Not enough data | |
Purchasing | As reported in 23 Spendwise reviews. Electronically create and manage purchase orders for products and services. | 98% (Based on 23 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. This feature was mentioned in 15 Spendwise reviews. | 98% (Based on 15 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments 16 reviewers of Spendwise have provided feedback on this feature. | 94% (Based on 16 reviews) | |
Payments | Based on 16 Spendwise reviews. Identify incomplete or late supplier payments | 94% (Based on 16 reviews) | |
Workflows | As reported in 17 Spendwise reviews. Include workflows for approvals and invoice processing | 95% (Based on 17 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections 11 reviewers of Spendwise have provided feedback on this feature. | 86% (Based on 11 reviews) | |
Submittal | Electronically submit invoices to buyers 13 reviewers of Spendwise have provided feedback on this feature. | 92% (Based on 13 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. 15 reviewers of Spendwise have provided feedback on this feature. | 97% (Based on 15 reviews) | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. This feature was mentioned in 11 Spendwise reviews. | 94% (Based on 11 reviews) | |
History | Track history of all interactions and business transactions with suppliers. 16 reviewers of Spendwise have provided feedback on this feature. | 97% (Based on 16 reviews) |
Analytics
Visibility | Improve visibility into procurement activities across the company. 15 reviewers of Spendwise have provided feedback on this feature. | 97% (Based on 15 reviews) | |
Performance | Monitor the performance of procurement operations 16 reviewers of Spendwise have provided feedback on this feature. | 97% (Based on 16 reviews) | |
Spend | Based on 18 Spendwise reviews. Analyze procurement spending and identify future trends. | 96% (Based on 18 reviews) | |
Due Dates | As reported in 13 Spendwise reviews. Track invoices based on due dates to identify overdue payments | 91% (Based on 13 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data |
Integration
Accounting | As reported in 14 Spendwise reviews. Provide integration with accounting and financial management software | 94% (Based on 14 reviews) | |
Payments | Integrate with payment gateways and enterprise payments software 14 reviewers of Spendwise have provided feedback on this feature. | 93% (Based on 14 reviews) | |
ERP | Based on 10 Spendwise reviews. Deliver integrations with accounting modules of ERP systems | 87% (Based on 10 reviews) | |
Procurement | As reported in 12 Spendwise reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management | 92% (Based on 12 reviews) |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases | Not enough data | |
Recurring Virtual | Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services | Not enough data | |
Physical | Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets | Not enough data |
Reporting
Real time | Report on spend transactions as they happen in real time | Not enough data | |
Multiple Views | Reports that allow the user to sort and filter by vendor, team, GL, department, etc. | Not enough data | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets | Not enough data | |
Budgets | Report on and track spending against budgets | Not enough data |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information | Not enough data | |
Recurring | Manage and execute recurring payments, such as subscriptions, services, utilities, etc. | Not enough data | |
Employee Reimbursements | Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment | Not enough data | |
ACH | Allows for the electronic transfer of funds between banks | Not enough data |
Fraud & Risk Management
Notifications | Real-time notifications for fraudulant and/or duplicate spending | Not enough data | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments | Not enough data | |
Controls | Control spend limits, expiration dates, and lock and unlock stolen or lost cards | Not enough data |
