Whether it’s the finance team stepping in to handle procurement duties or procurement teams overwhelmed by tail spends, procurement challenges are real. At Spendflo, we believe in turning these challenges into opportunities, and that’s exactly what we’ve done. Meet the New Spendflo: One Team. One Platform. All Your Procurement.
Our mission has been to make every dollar count. Starting with software spend—where over $90 billion is wasted annually—our platform solved inefficiencies caused by decentralized processes, multiple stakeholders, and a lack of actionable intelligence. We’ve helped companies like Uber Freight and Turo, save millions by optimizing spend.Over the years, we’ve learned that most companies in the mid-market don’t have dedicated procurement teams. So we did a little research with our customers, and a few recurring challenges emerged.
- In mid-market companies with 100+ vendors, teams like Finance, IT, Legal, all spend 8-16 hours a week on procurement tasks. ⸺the cost to procure? Over $161,000 per year.
I have to bear the burden of all procurement-related matters alongside my core responsibilities, including finding a platform to solve procurement issues. Smaller companies don’t have in-house teams to make procurement decisions, and Finance takes this up by default as they are in charge of budgeting.
Rita Pleskevich | Senior Accountant, Caring
- Department heads spend 20-30% of their time on supplier management, negotiation etc, which they aren’t equipped to do - this translates to a cost of $600-$900 per week or over $30,000 annually.
- Mid-market companies with lean procurement teams often use 5-7 tools like a SaaS management tool, Jira, and NetSuite, etc, costing more than $100,000 annually. This fragmented approach reduces visibility and control, increasing inefficiencies and the risk of missed renewals which could further cost them hundreds of thousands of dollars annually
We realized that these procurement challenges aren’t being solved well today.
So here’s what we’ve done.
Introducing the New Spendflo: One Team. One Platform. All Your Procurement.
Spendflo simplifies procurement with Intake-to-Procure, and SaaS Spend Management, with a dedicated team of procurement experts—all in one solution.
1. Intake-to-Procure
We’ve streamlined the entire journey from intake requests to purchase orders.
No more disjointed spreadsheets or systems—everything flows through one cohesive platform, bringing more visibility, control, and efficiency to every single procurement.
2. SaaS Spend Management
Software is among the top 3 indirect spends for organizations, and managing these subscriptions is crucial to amplify savings. We’ve got you covered.
Our platform centralizes and optimizes your SaaS spends with real-time usage, spend and sentiment insights. Reduce software waste, and maximize budget efficiency.
3. AI-Powered Procurement Services
Imagine having a team of experts to negotiate SaaS agreements, maintain your agreements, and optimize your procurement processes, backed by AI-powered insights.
That’s what Spendflo offers—an extended team that takes care of the details while you focus on what really matters—at a fraction of the in-house costs, with guaranteed savings.
Bottom line impact
Economic Pressures Demand Smarter Spending
In today’s economy, businesses face mounting pressure to control costs while driving growth. CFOs and procurement leaders alike are demanding transparency and optimization in spend management. A unified approach to procurement can lead to cost savings of 20-30%—Reports indicate that adopting advanced spend management tools, especially those powered by AI, has proven effective in achieving immediate cost savings. For CFOs, this focus on spend management isn't just about cutting expenses—it's about using insights to improve resource allocation, streamline procurement, and enhance overall efficiency, which can contribute to long-term growth
Procurement Complexity is Rising
Mid-market companies often deal with hundreds of suppliers, making contract management, renewals, and compliance oversight more challenging. This can lead to inefficiencies and missed opportunities. A lack of centralized systems and data silos complicates efforts to achieve transparency and leads to lower spend under management.
Unlock Growth with AI in Procurement
Most companies still rely on outdated procurement methods, bleeding time, accuracy, and efficiency. Adopting AI in procurement can transform procurement operations, reducing procurement costs by as much as 50%.In a world where agility and precision define success, relying on outdated systems isn’t just inefficient—it’s costly.
Proof That It Works
Are we being efficient with what we’re spending? Are there unapproved spends? Are there overlaps and tool duplication? Is the spend justified? That’s what keeps me up at night.A system is useful to create processes, but the it is more important for them to be enforced - Spendflo has been like a partner in helping us achieve this.
Tina Christofferson - VP of Finance, Maxio
We had difficulty in getting team members to adopt procurement processes and timely request submissions information was scattered and we had user access issues arising from recent acquisitions, and we really needed to assess risks carefully and optimize spending while navigating longer processes. This is why we chose a solution like Spendflo.
Scott Stibich | Senior Accountant, Reveal Data
Let’s Simplify Procurement Together
No more juggling spreadsheets and spending hours on vendor calls.
With Spendflo, you’re not just getting a platform—you’re gaining a partner that takes the stress out of procurement while maximizing and guaranteeing your savings. That’s the only way it needs to be. Spendflo’s outcome is tied to your success. This means you pay only for the results we deliver, making our partnership truly outcome-driven. Every dollar we save you is a testament to our commitment to your success.
See it in action
This launch is not just about innovation—it’s about fostering stronger partnerships and empowering our community to thrive. Register for the webinar and see for yourself!
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Join us for our upcoming webinar to experience the solution firsthand.
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