Spendency

Spendency is a spend analysis tool that gives procurement and finance teams visibility of what their organisation buys. It has been absorbed into the Onventis product range following an acquisition. Machine learning classifies and enriches purchasing data, and users explore it with dashboards and drill-down views.

What Spendency offers

• Spend analytics: dashboards, graphs, tables and drill-down analysis that respond quickly.
• Master data: a module for enriching, cleansing and keeping purchasing data up to date.
• AI classification: combines language processing, collaborative filtering and deep learning.
• Procurement insight: highlights savings potential and supports cash management.

Who it works with

Purchasing and finance organisations in any industry. Onventis says the tool needs no prior expertise and suits organisations of any size, country or currency.

Key facts

• Customers: More than 100
• Users: More than 2,000 in over 30 countries
• Owner: Onventis