How Does Sastrify Work Alongside Spend Management Tools?
Whether you're part of a growing startup or an established enterprise, having a system that monitors, automates and analyzes end-to-end expenses is essential. That's exactly what spend management tools do. Efficient, agile businesses use spend management tools to take care of their expenses so that they can focus on higher-value tasks.
While spend management tools are essential, they can't answer all of your SaaS-related questions. Are we overspending on our CRM or cloud automation service? Are their more affordable SaaS tools that can deliver the same features as our current suite? Are we missing opportunities for greater savings?
Sastrify can help you answer all of these questions, which is why our platform works as the perfect complement to spend management software. Where spend management tools help you monitor, automate and analyze, we help you make confident spending decisions through price benchmarking, negotiation support, renewal alerts, plus more. We even work alongside leading spend management SaaS platforms like:
Here’s a look at what these platforms offer, plus details on how to use Sastrify in tandem with any of these spend management tools.
Pleo offers a comprehensive spending solution for companies, one that uses a 4-step process to help your business manage and track its spending:
- Issue Cards: Pleo lets you issue cards with spend limits to team members who need them.
- Capture Data: Your team members can automate their expenses by capturing receipts in real-time.
- Create Visibility: As receipts are captured in real-time, Pleo offers a comprehensive view of your company’s expenses — all in one place.
- Integrate Accounting: Pleo integrates directly with popular business accounting tools, greatly simplifying the bookkeeping process for your team.
Because Pleo offers a comprehensive solution, your company is able to manage everything spend-related from a single platform: Enable and disable company cards for team members, automate expense reports (so your employees spend more time on high-value tasks), analyze spending at any time, and quickly integrate to your other expense- and spending-related tools.
While it offers a solution for tracking and managing your spending, Pleo isn’t able to make spend optimization recommendations. Your company needs the ability to analyze the data captured so effectively by Pleo. Sastrify offers the people and tools needed to effectively conduct that analysis.
With Spendesk, companies can fully take control over their spending with a feature set that’s similar to Pleo’s. You can use Spendesk to issue and manage company cards, automate the receipt collection and invoicing processes, create spending reports, track budgets, and more. With Spendesk, users enjoy:
- Faster end-of-month closing times for accounting.
- Complete visibility into overall spend.
- 95% receipt reconciliation within 48 hours.
- Access to unlimited virtual cards and users.
Spend management tools, like Spendesk, are highly valuable to organizations of all sizes. Not only does Spendesk help users keep track of their spending, but it also reduces the amount of time used on administrative, spend-related tasks. Your company is busy perfecting and offering a product or service for a target market. Spend management is not a task that directly serves that mission. Using Spendesk frees you up to devote more time to your core business.
But Spendesk will not help you renegotiate SaaS contracts, choose ideal technology providers, or find areas where you’re overspending on software. That’s what Sastrify offers, which is why Spendesk and Sastrify work so well in partnership with one another.
Take advantage of our direct Spendesk integration to get Sastrify’s spend analysis and optimization services based on your raw spending data.
The main value propositions of spend management tools are:
- Automate processes that take up too much of your time.
- Gain visibility into what you’re spending on different categories.
That’s exactly what Moss offers its users. Yes, Moss offers many different features, services, and capabilities, just like the other spend management tools on this list. But those features, services and capabilities basically boil down to creating efficiencies (through automated processes) and creating visibility (through comprehensive spending dashboards).
These value propositions are important to the day-to-day operations and the long-term success of any business. But, while Moss is helpful for spend management, it cannot help you optimize and/or reduce your spending. That’s why we offer direct integration to Moss at Sastrify. Use Moss to collect and gather your spend-related information, then pass that rundown to Sastrify through our direct integration. Sastrify’s team and tools can then help you analyze your spend data and make important decisions that have a real impact on your bottom line.