Spendency: Vendor Analysis (Part 3) — Summary & Competitive Analysis

What is your spend analysis buying persona? If it looks like the Spend Matters SolutionMap “Nimble” persona — by definition an organization looking for speed, efficiency, low price and quick value from cloud-based procurement technologies — then Spendency, a Sweden-based spend analytics provider that provides a do-it-yourself toolset, should be on your shortlist. And if you need some hand-holding or want a third party to help on data loading, cleansing, classification or related procurement and IT services, Spendency is still an option, as its investors are also its partners and bring particular expertise in their respective areas.

In two years since launching, Spendency has already amassed a respectable 60 customers, primarily in the Nordic markets. As it looks to expand globally, Spendency’s combination of ease of use and comparatively low cost make it an attractive option for organizations looking for a highly usable analytics solution they can take in-house with limited or no training.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Spendency offers a SWOT analysis, a competitive assessment and a comparison with other providers in the spend analysis market. It also includes a user selection guide and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep-dive solution overview, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider Spendency.