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Tradeshift, a specialist in supply chain payments and marketplaces, recently announced a partnership with Spendency, a spend data management company. By assimilating data from across a company's operations, Spendency enables procurement to make well-informed and actionable decisions that drive end-to-end supply chain success.
By joining the Tradeshift platform, the Spendency app will be able to utilize the large amount of spend data flowing through the network to provide customers, with valuable spend information, tools to analyze the data, and insight to make strategic decisions. Customers upload their own spend data to the tool, and the system helps them quickly analyze it. They can also view their data from different time scales, compare to previous periods, and continuously switch between different analytical perspectives in dashboard environments, which, for example, allow them to focus on one category, supplier or transaction perspective.
“Our customers are processing millions of transactions every year, so understanding their data is an important need for them,” said Bruno Laborie, Senior Director of Global Alliances at Tradeshift. “This is why adding a strategic app like Spendency is an imperative addition to our platform. We are happy to welcome them to the long list of Tradeshift ecosystem of partners.”
Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling.
Spendency is the leading spend analysis solution on the Nordic market. It has been rapidly growing since its launch in 2015. As a platform it has over 100 clients that manage over 50 billion USD in spend.
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