Yuju - Marketplace
Back to products
CaptivateIQ for NetSuite

Spendesk

Status: Unverified

Spendesk offers a 7-in-1 payments and spend management solution tailored for finance teams, enabling efficient spending decisions. This solution includes company cards, accounts payable management, expense tracking, approval workflows, budget management, accounting automation, and reporting features. We’ve combined smart payment methods with advanced financial software, allowing decentralized spending without compromising control. Spendesk’s NetSuite integration enhances accounting and internal controls. Launched in May 2023, it imports your key NetSuite data like accounts, suppliers, charts of accounts, vendors, employees, and custom fields. What makes us unique is the seamless transaction flow. Card purchases become vendor bills with payments, expenses and invoices turn into organized reports, and foreign exchange fees are handled accurately. It optimizes your entire financial process for efficiency. Simply put, you can now send spend data from Spendesk to NetSuite in a couple of clicks. As the Controller, you simply need to select the relevant time period and click “Push to NetSuite.” No manual data entry or extra formatting required.

View on Suiteapp.com

Categories: , ,
Description

Spend Management For Leading Finance Teams

Spendesk provides a comprehensive 7-in-1 finance solution, combining company cards, accounts payable, expense management, approval workflows, budget control, accounting automation, and real-time reporting. This integrated approach simplifies spending decisions for finance teams, enabling decentralized spending while maintaining control.

Spendesk offers seamless integration with NetSuite, enabling users to effortlessly link their Spendesk accounts with NetSuite. This integration not only streamlines the financial closing process but also enhances accounting precision while ensuring synchronization of transactions.

Key Benefits

  • Decentralize the spending process without compromising on control.
  • Set spending limits, monitor budgets, and track, reconcile and report every payment your team makes in real time.
  • Save valuable time and close books faster: Export transactions to NetSuite for rapid book closing and to prioritise high-value activities.
  • Maximise accounting accuracy: Eliminate manual errors during data uploads and embrace better internal controls.
  • Seamlessly sync transactions: Sync requests and payment data in real-time for accurate financial reporting.

Why Spendesk?

Over 4,000 finance teams choose Spendesk for its ability to achieve a 4x faster month-end close, provide 100% visibility into company spending, offer unlimited virtual and physical cards, capture over 95% of receipts on time, and offer a zero setup cost with no hidden fees.

With Spendesk’s NetSuite integration, companies can easily optimize their financial processes and ensure seamless collaboration between Spendesk and NetSuite.

FEATURES

Smart Cards

  • Equip teams with smart, trackable virtual and physical cards, ensuring trust and control.
  • Export your card purchases from Spendesk into NetSuite as vendor bills with related bill payments.
  • Create single-use or subscription cards with unique details, always linking payments to users for clear ownership.
  • Simplify subscription management with recurring cards, allowing easy pausing, updating, or cancellation.
  • Streamline top-up requests and approval through the mobile app for team members.
  • Centralize card management on a single dashboard for finance teams, enabling card freezing, payment pausing, and receipt tracking.

Expense Management

  • Streamline employee expense reimbursements, eliminating paperwork and consolidating them with all company spending.
  • Export your expense claims, along with their corresponding bill payments, from Spendesk to seamlessly generate expense reports in NetSuite.
  • Automate expense reports via the mobile app, allowing quick reimbursement claims by snapping receipts, ensuring error-free reports. Implement a clear expense reimbursement policy, setting rules and limits with a user-friendly platform to enhance finance processes.
  • Ensure compliance and audit readiness by monitoring real-time work-related expenses, spotting errors, and maintaining updated financial records.
  • Expedite expense reimbursements within Spendesk, avoiding complex bank procedures and keeping employees satisfied.
  • Consolidate and track all payments, unifying company credit cards, invoices, and expense reports in one platform for efficient cost center tracking and budget management.

Accounts Payable

  • Track the entire invoice process from request to payment, providing complete oversight via Spendesk.
  • Export your invoice payments from Spendesk into NetSuite as bill payments with related bill payments. FX fees are exported as journal entries by syncing master data and transactions between Spendesk and NetSuite.
  • Submit invoices easily via email, upload, or photo, saving time and preventing errors.
  • Update budgets instantly upon invoice approval, eliminating manual data entry.
  • Securely review and pay invoices within Spendesk, streamlining payments.
  • Maintain full visibility over commitments with a unified system for purchase orders and invoices.