Spendesk Review
What is Spendesk?
Spendesk is an expense management software that provides businesses and organizations with a simple way to manage, monitor, and control their spending. With smart prepaid credit cards and virtual cards, employees are able to spend within their allotted budget and make payments on products and services specified by the management, effectively eliminate overspending and buying things the team doesn’t need.
Spendesk is built with real-time tracking capabilities and automatically records all details of every transaction, making it easy for users to create expense reports, reconcile their spending, and perform audit trails among others. There is no need for confusing paperwork, Spendesk simplifies bookkeeping and can export all numbers and figures to the users’ existing accounting software.
With Spendesk, the company’s money is well spent.
Show MoreOverview of Spendesk Benefits
Comprehensive spend management platform
Spendesk equips your organization with a platform that has all the tools you need to manage and monitor company expenses. While other solutions offer one or a couple of key capabilities, Spendesk gives you smart prepaid credit cards as alternatives to business credit cards that you can use for physical purchases, virtual cards for online transactions, and automatic capture of transaction details. There is no need for you to keep receipts and write down all the details of your purchases and payments, Spendesk records and stores everything into the system.
Controlled Spending
With Spendesk smart prepaid credit cards, you don’t have to worry about an employee getting overzealous with the company’s funds. You can configure a specific budget per card and specify the items or services your employee can pay for using their prepaid credit cards. All your employees are empowered to spend within their budget reserved to them, eliminating instances of overboard spending and wrong purchases.
Automatic Data Capture
When you have a spend management solution that records all information related to company spending, you never have to worry about losing receipts, tickets, and other documents to go with your expense reports. Spendesk captures all the data per transaction: time, date, venue, item, amount, etc. The software stores them into the system, profiling and categorizing all your transaction information that you can access anytime for audit, reporting, and exporting purposes.
Show MoreOverview of Spendesk Features
- Prepaid Master Credit Cards
- Single-use virtual cards for online payments
- Monthly-capped virtual cards for subscriptions
- Track purchases from order to payment
- Define custom budgets per teammate
- Set up clear approval flows for purchase requests
- Automated invoice recovery and matching
- Instant payment categorization
- One-click export to your accounting software
What Problems Will Spendesk Solve?
1. Nobody enjoys filing expense reports. Employees first have to pay for things out of their own pocket, then have to fill out a report and provide proof in order to be reimbursed.
Spendesk provides prepaid cards for companies to give to employees. These have customized limits (set by a manager or CEO), so you’re confident that the employee spends appropriately. And equally, employees don’t have to spend with their own money.
All of these payments are tracked, and employees can easily save receipts with their smart phones for reconciliation.
2. Modern companies make a lot of online payments. Every time you use the company card on a website, you expose it to the risk of being hacked. Spendesk offers virtual cards, each with their own automatically generated card details.
These have a set budget, so even if the card is hacked, a hacker can’t spend any more money. And if you do need to cancel one, it only affects that payment – all the other subscriptions you have can safely continue to be paid.
3. Finance teams spend far too much time chasing employees for proofs of payment, then painstakingly reconciling these again rows in a spreadsheet.
Spendesk tracks every payment, the person who made it, and what it was for, and then lets the user save a proof of purchase directly into the platform. For finance teams, they simply have to look through the dashboard to make sure everything looks right, then can export everything to send to their accountant.
Awards & Quality Certificates
Spendesk Position In Our Categories
Keeping in mind businesses have their own business-related wants, it is sensible that they avoid getting a one-size-fits-all, “perfect” system. Still, it would be difficult to chance on such an app even among popular software solutions. The practical thing to do should be to shortlist the varied major aspects which require investigation like crucial features, price terms, skill levels of the employees, organizational size, etc. The second step is, you should perform the product research through and through. Have a look at these Spendesk evaluations and scrutinize the other software systems in your shortlist more closely. Such comprehensive research ensure you keep away from poorly fit apps and buy the one that provides all the aspects your company requires to realize efficiency.
Position of Spendesk in our main categories:
TOP
500
Spendesk is one of the top 500 Accounting Software products
Companies have diverse needs and requirements and no software application can be perfect in such a condition. It is useless to try to find a perfect off-the-shelf software system that fulfills all your business needs. The wise thing to do would be to modify the system for your specific wants, employee skill levels, finances, and other aspects. For these reasons, do not hurry and invest in well-publicized trendy applications. Though these may be widely used, they may not be the best fit for your unique wants. Do your research, check out each short-listed application in detail, read a few Spendesk Accounts Payable Software reviews, speak to the vendor for explanations, and finally choose the app that offers what you need.
How Much Does Spendesk Cost?
Spendesk Pricing Plans:
Free Trial
Quote-based Plan
Contact Vendor
What are Spendesk pricing details?
Spendesk Pricing Plans:
Free Trial
Quote-based Plan
Contact Vendor
Spendesk is the complete spend management platform that gives 100% visibility into company spend. With Spendesk, you get a 7-in-1 solution with corporate cards, invoice payments, expense reimbursements, budgets, approval, reporting, compliance, and pre-accounting in one simple, scalable solution. Trusted by thousands of businesses from start-ups to established brands, Spendesk is designed to save time and money across the entire spending process.
User Satisfaction
Positive Social Media Mentions
15
Negative Social Media Mentions
2
We are aware that when you make a decision to purchase a Accounts Payable Software it’s vital not only to learn how professionals evaluate it in their reviews, but also to find out if the real users and enterprises that bought this software are actually satisfied with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Spendesk reviews across a broad range of social media sites. The information is then presented in an easy to digest form showing how many customers had positive and negative experience with Spendesk. With that information at hand you will be prepared to make an informed buying decision that you won’t regret.
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Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
- Windows Mobile
Deployment
- Cloud Hosted
- On Premise
Language Support
- English
- German
- Spanish
- French
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Spendesk?
Spendesk integrates with the following business systems and applications:
Xero
QuickBooks
DATEV
Zapier
and more
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