Spendency
Connected directly to the clients’ ERP and/ or procurement system, Spendency helps its customers to collect, enrich and normalise supplier data. Once the data is prepared, Spendency analyses it through various drill-down methodologies to allow for improved cost controlling of spend processes. Insights gained from Spendency’s solutions help companies save significant costs while implementing much more efficient procurement processes.
Although Spendency primarily targets mid-sized organisations – we have, thanks powerful solutions and ease of use, also attracted many of Sweden’s market leaders including the largest airline, largest insurer, largest supermarket chain, largest pulp & paper company, largest healthcare organisation and the largest iGaming company in the region. Well-known clients include Swedavia Airports, Svenska Spel, SAS, and Klövern. We serve a vast customer base of more than 100 customers and over 1,500 individuals.
Onventis, the Source-to-Pay procurement suite provider acquired the Swedish spend analytics specialist Spendency in 2021, strategically expanding its product offering. Spendency was launched in 2015 and is based in Sweden. It has grown into a leading spend analytics provider. Spendency is used in over 30 countries with companies both in the private and public sector ranging from €10mn – €10bn annual spend.
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In Their Own Words: Spendency
Onventis Spend Analytics by Spendency is a spend analytics solution that differentiates itself through an exceptional user experience. It caters both to the super advanced user who loves spreadsheets as well as the novice who feels slightly anxious when someone mentions “Pivot table”. Spendency enables any organisation, regardless of size and capability to get increased spend transparency. Not only do we offer built in smartness, but we also let the user have full control and full transparency. This means that if you ever find something that does not seem right, like a supplier showing up in an unexpected category. You can diagnose why and change it in a matter of seconds. So you never have to doubt your data.
Connected directly to the clients’ ERP and/ or procurement system, Spendency helps its customers to collect, enrich and normalise supplier data. Once the data is prepared, Spendency analyses it through various drill-down methodologies to allow for improved cost controlling of spend processes. Insights gained from Spendency’s solutions help companies save significant costs while implementing much more efficient procurement processes.
Although Spendency primarily targets mid-sized organisations – we have, thanks powerful solutions and ease of use, also attracted many of Sweden’s market leaders including the largest airline, largest insurer, largest supermarket chain, largest pulp & paper company, largest healthcare organisation and the largest iGaming company in the region. Well-known clients include Swedavia Airports, Svenska Spel, SAS, and Klövern. We serve a vast customer base of more than 100 customers and over 1,500 individuals.
Onventis, the Source-to-Pay procurement suite provider acquired Spendency in 2021, strategically expanding its product offering in 2021. Spendency was launched in 2015 and is based in Sweden. It has grown into a leading spend analytics provider. Spendency is used in over 30 countries with companies both in the private and public sector ranging from €10mn – €10bn annual spend. Spendency ranks as a “Customer Value Leader” in the latest Spend Analytics Solution Map 2021 and has also been recognized for the third time in a row in “50 Providers to Watch” in the analytics area by world renowned Source Tech specialists Spend Matters.
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