Spendesk SAS Strengths, Domain Expertise, and Key Differentiators
Spendesk offers an all-in-one spend management solution that enhances control, visibility, and automation for finance teams. The platform seamlessly integrates features such as spend approvals, virtual cards, physical cards, expense reimbursements, and invoice management. Automated reconciliation processes and robust pre-spend control mechanisms empower finance teams, enabling them to make well-informed spending decisions. Users have the flexibility to use Spendesk akin to a corporate card, and for transactions involving cash or alternative cards, the mobile app facilitates reimbursement by capturing a photo of the receipt.
Spendesk SAS Recent Developments
In June 2019, Spendesk introduced Collect by Spendesk, offering a novel method to automatically acquire and archive digital receipts. Through Collect, users have the ability to designate suppliers, inputting account information, and subsequently, every subsequent receipt is procured digitally. The organized arrangement of receipts by date and supplier facilitates convenient retrieval within the accounts of the users.
Spendesk SAS Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Spendesk SAS applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Spendesk SAS and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Spendesk customers.
Spendesk SAS Overview
51 Rue de Londres
Paris, x, 75008, France
33 1 82 88 38 60
https://www.spendesk.com/
Ownership: - Index Ventures
Number of Employees: 600
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Spendesk SAS Key Enterprise and Cloud Applications
Spendesk
Spendesk SAS Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Spendesk SAS Revenue Breakdown By Type, $M:
Spendesk SAS Enterprise Applications Revenues By Functional Markets, $M:
Spendesk SAS Enterprise Applications Revenues By Verticals, $M:
Spendesk SAS Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Spendesk SAS Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Spendesk SAS Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Spendesk SAS Customers
No. of Spendesk SAS Customers: 4000
No. of Spendesk SAS Enterprise Applications Customers: 4000
No. of Spendesk SAS Cloud Customers: 4000
No. of Spendesk SAS Cloud Subscribers: 40000
Spendesk boasts a user base of 4,000 companies and serves over 40,000 end-users at growing businesses such as Algolia, Amboss, Curve, Doctolib, Gousto, Raisin, Sezane, Wefox. The company has raised $68.5M to date including two previous rounds led by Index Ventures. Headquartered in Paris, Spendesk has offices in Berlin, London and San Francisco. Spendesk-backed CFO Connect is the fastest-growing global community of finance leaders.
Spendesk SAS Market Opportunities, M&A and Geo Expansions
Spendesk has recently disclosed that it secured an additional $18 million in funding, supplementing its Series B round from the previous year, which amounted to $38 million. The latest investment originates from the global venture capital fund Eight Roads Ventures, bringing the total funds raised by Spendesk to $68.5 million. This financial infusion will bolster the company's robust growth, particularly evident amidst the ongoing pandemic, where the acceleration of finance department digitization has heightened the demand for spend management solutions.
Spendesk SAS Risks and Challenges
Founders risk dilution of ownership and control as venture capital firms typically require equity in exchange for funding. Pressure for quick returns may lead to decisions prioritizing short-term gains over long-term sustainability, impacting the company's strategic direction. Strategic differences between founders and venture capitalists can create conflicts and divert from the original vision. High expectations for growth and profitability may create intense pressure on founders to meet aggressive targets. Dependence on external financing introduces vulnerability, especially during economic downturns or challenges in securing subsequent funding rounds.
Spendesk SAS Ecosystem, Partners, Resellers and SI
The Spendesk Partnerships Program has been crafted for accountants, consultants, and other professional services firms seeking to elevate their client offerings.
During this period, membership in CFO Connect, the global community for finance leaders supported by Spendesk, has doubled. Since the Series B round in September 2019, Spendesk has expanded its footprint with the establishment of three new offices in Berlin, London, and San Francisco, and has increased its team size from 100 to over 200 individuals. The additional capital will enable the company to further scale its team to accommodate continued growth. Moreover, Spendesk aims to enhance its product offering by providing features such as budgetary control, spending insights, dashboards, and the ability for finance teams to temporarily restrict employees from additional spending if receipts haven't been submitted.
Spendesk SAS Cloud Infrastructure Insights
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- Spendesk SAS Public Cloud and Infrastructure (IaaS)
- Spendesk SAS Platform (PaaS)
- Spendesk SAS Application Delivery
- Spendesk SAS Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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