Manage Your Growth with Spend Management

Learn why your fast growing business needs to focus on managing it’s spend

Yordex get control of spend

What is Spend Management and how can it benefit today's fast growing businesses?

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Why our customers love Yordex

By automating the traditionally manual invoice and payment process Yordex made it possible for us to offer payments on our marketplace. The hassle free process gives our customers another reason to place more orders through our site.

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Sheetal Sachdev
Founder/CEO at Treniq

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The Yordex ‘distributed ledger’ approach could well be the lowest cost way of processing invoices.

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Aidan Connolly
Former CFO at Worldpay and Sodexo

We chose Yordex because of their flexibility and because we think their approach of providing a single source of the truth between us and our suppliers is the best way for us to automate invoice processing.

Photo of Remco Rausch

Remco Rausch
Enterprise Product Manager at LoveCrafts

LoveCrafts logo

By automating the traditionally manual invoice and payment process Yordex made it possible for us to offer payments on our marketplace. The hassle free process gives our customers another reason to place more orders through our site.

Photo of Sheetal Sachdev

Sheetal Sachdev
Founder/CEO at Treniq

Treniq logo

The Yordex ‘distributed ledger’ approach could well be the lowest cost way of processing invoices.

Photo of Aidan Connolly

Aidan Connolly
Former CFO at Worldpay and Sodexo

We chose Yordex because of their flexibility and because we think their approach of providing a single source of the truth between us and our suppliers is the best way for us to automate invoice processing.

Photo of Remco Rausch

Remco Rausch
Enterprise Product Manager at LoveCrafts

LoveCrafts logo

What is spend management

Spend management is how a business controls it’s entire spending process end to end and a relatively new concept for fast growing B2B businesses.

  • How businesses tend to buy from each other is often with purchase orders and invoices which can cost up to $22 to process per invoice. Nowadays providers offer automated expense management or invoicing.
  • Spend management is way bigger than this. Yordex for example, covers the full spectrum of finance automation from orders, expenses, budgets, invoicing, forecasting, payments, pre-approvals and coming soon - virtual cards.
  • With a spend management system in place within a business, it can solve many problems for finance teams and employees including: 1. Lack of visibility into what they are spending money on 2. Delays - manual invoicing and payment processes take longer 3. Inefficient processes - employees requesting approval for goods and purchases is too onerous
end to end spend management outlook

When to Consider Spend Management

When a business starts grows rapidly, from processing say 100 invoices per month (using expenses/accounting software) to a lot more - things become more complex.

Spending can be harder to control and revenues more difficult to forecast. At this point, a bigger more robust system is required. A business has two choices in this case:

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Spend Categories

The majority of spend in most B2B businesses falls into four categories:

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How Yordex is Unique

Yordex enables you to manage your entire spend in one platform. It scales with your business as you grow by adding features as you need them.

Our platform provides budgets, expenses, payments, invoices, virtual cards, pre-approvals and forecasting.

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Get Spend Control Today

As a fast growing business, the ability to manage business spend is vital to continued growth and investment. With Yordex, we have built one system to manage the entire process from expenses, budgets, invoices, pre-approvals and virtual cards to pay for goods instead of using company cards.

By using one system for all spend, it enables the whole company to use it, employees, suppliers, contractors and customers. CFO’s, finance teams and business leaders can make smarter decisions when they have full control of spend in real-time.

Managing your spend will save businesses time and more spend. Switching to a professional one size fits all Spend Management Solution can increase your efficiency, growth, empower finance teams and provide incredible amounts of visibility, accuracy and control over business spend. The beauty of Yordex is, we manage everything in one place and our platform scales as you grow.

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A Four Step Approach to Better Spend Management for Startups

In this white paper you will learn simple steps to control your startup spend and cashflow.

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