Spendesk SAS Strengths, Domain Expertise, and Key Differentiators
Spendesk is an all-in-one spend management solution that delivers more control, visibility, and automation to finance teams, combining spend approvals, virtual cards, physical cards, expense reimbursements, and invoice management into a single source of truth. With automated reconciliation processes and complete pre-spend control, finance teams are empowered to make smarter spending decisions. Spendesk can be used just like any corporate card. If paying needed to be in cash or with another card, taking a photo of the receipt from the Spendesk mobile app could get the users money back.
Spendesk SAS Recent Developments
In June 2019, Spendesk launched Collect by Spendesk, a new way to automatically retrieve and store all digital receipts. With Collect, customers can select suppliers, entering account details and each receipt going forward is digitally retrieved. The receipts are organized by date and supplier for easy retrieval within customers accounts.
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
Ownership: - Index Ventures
Number of Employees: 450
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K590, 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 SAS Revenues, $M:
|Type/Year||2020||2021||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
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||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Spendesk SAS Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Spendesk SAS Customers - Breakdown by Geo, Size, Vertical and Product
No. of Spendesk SAS Customers: 3500
No. of Spendesk SAS Enterprise Applications Customers: 3500
No. of Spendesk SAS Cloud Customers: 3500
No. of Spendesk SAS Cloud Subscribers: intershop.com
There are 3500 companies using Spendesk. Some of them are: Botify, Habito, KoruKids, rent24, Seedrs, Birchbox, Amboss, Evaneos, We Are Social, Wonderbly.
Spendesk SAS Market Opportunities, M&A and Geo Expansions
In July 2021, French startup Spendesk has raised a $118 million funding round (€100 million) led by General Atlantic. Overall, the company has raised $189 million (€160 million) since its inception.
In 2019, Spendesk raised $38.4 million in a Series B round, with existing investor Index Ventures leading the round. The company has raised $49.4 million over the years. With the funding round, the company opened offices in Berlin and London, and plans on adding more currencies and develop new features.
Previosly, in 2018, Spendesk raised another $9.9 million in Series A funding, which was also led by Index Ventures.
Spendesk SAS Risks and Challenges
After receiving the Series B funding, one of the three founders of Spendesk departed the company.
Spendesk SAS Ecosystem, Partners, Resellers and SI
The Spendesk Partnerships Program is designed for accountants, consultants and other professional services firms looking to enhance their client offering.
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
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).
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