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Tradeshift and Spendency Announces Strategic App Solution to Provide Effective Spend Analysis

Spendency and Tradeshift announces a Strategic App Solution for spend analysis and their first customer: Swedish food retail company Axfood. Spendency, the most user friendly spend analysis solution, will be available as an app on Tradeshift’s plattform. 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, like Axfood, with valuable spend information, tools to analyze the data, and insight to make strategic decisions. This partnership will also allow Spendency to reach customers globally, providing spend insights from end-to-end.

Read the full press release.

Why spend analysis?

Although all leading procurement organisation works with spend analysis sometimes you hear people question why a spend analysis is even required to get a holistic view of an organisation’s expenditures. Here is why.

What is spend analysis?

Even though spend analysis as a concept has been around since the birth of strategic sourcing in the mid 1980s, the general knowledge of the topic remains low.  Many understand the big picture -spend has to do with the classification of expenditures, but fail to see the finer details…

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