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Logo of Spendly

Spendly

Website LinkedIn

Last updated on

Company health

Employee growth
49% increase in the last year
Web traffic
5% decrease in the last quarter
Financing
March 2023 - $550K

Spendly description

Spendly is a service that helps small and mid-sized businesses in the USA save money on essential operational costs. Through their platform, you can compare quotes from leading providers for services like payroll, insurance, benefits, and payment processing. Spendly leverages your existing agreements to find better rates, potentially saving you 20-40% on these services without compromising quality. They manage the process, providing a simple way to evaluate and switch to more cost-effective providers.


Who is Spendly best for

Spendly is ideal for US-based businesses, especially those with 50+ employees, aiming to cut operational costs without changing vendors. We find that Spendly particularly benefits rapidly growing companies and those juggling multiple vendors. It's a great fit if you lack the time or resources to actively manage and negotiate vendor contracts, especially for payroll, insurance, benefits, and payment processing.

  • Great for mid-sized to large companies seeking efficient cost management across various operational services.

  • Specifically beneficial for professional services seeking streamlined solutions to optimize expenses and improve profitability.


Spendly features

Supported

Discovery Call: During a discovery call, Spendly representatives gather information about the client's company and identify the expense categories that should be prioritized for cost reduction.

Supported

Spend Analysis: Spendly analyzes the client's current expense data to identify hidden gaps, billing errors, or inefficiencies that contribute to overspending.

Supported

Cost Negotiation: Spendly negotiates with the client's service providers to systematically reduce costs, enabling savings to be realized as soon as the next billing cycle.

Supported

Direct Provider Negotiation: Spendly collaborates directly with service providers to negotiate better rates and terms for their clients, aiming for systematic cost reduction.

Supported

Provider Collaboration: Spendly directly collaborates with service providers to negotiate better rates and terms, systematically reducing costs for clients.

Supported

Savings Identification: Spendly identifies potential savings opportunities by analyzing the client's expenses and pinpointing areas where costs can be reduced.

Supported

Rapid Savings Implementation: Spendly implements cost-saving measures to help clients achieve savings as quickly as the next billing cycle.


Spendly alternatives

  • Logo of Vertice
    Vertice
    Optimize software and cloud costs, automate savings.
    Read more
  • Logo of PayFocus
    PayFocus
    Easy online payroll and HR for small business.
    Read more
  • Logo of Square Payroll
    Square Payroll
    Easy online payroll, taxes, and HR for any size business.
    Read more
  • Logo of Rho
    Rho
    Streamlined business banking, expenses, and accounting in one platform.
    Read more
  • Logo of Spendbase
    Spendbase
    Control software spend, find savings, and simplify procurement.
    Read more
  • Logo of Penny Inc.
    Penny Inc.
    Smart company cards and expense tracking, simplifying small business finances.
    Read more

Spendly FAQ

  • What is Spendly and what does Spendly do?

    We find that Spendly helps US-based businesses, especially those with 50+ employees, save on operational costs like payroll and insurance. They analyze your current spending, negotiate with providers, and help implement cost-saving measures without requiring you to switch vendors.

  • How does Spendly integrate with other tools?

    Spendly focuses on direct negotiations with your existing providers for services like payroll and insurance, rather than integrating with other tools. They leverage your current agreements to find better rates.

  • What the main competitors of Spendly?

    Spendly's main competitors include Vertice, PayFocus, Square Payroll, Rho, Spendbase, and Penny Inc. These alternatives offer similar cost-saving and financial management solutions for businesses.

  • Is Spendly legit?

    Spendly appears to be a legitimate service. They focus on helping businesses save money and their 49% LinkedIn employee growth suggests a healthy organization. We find that their cost reduction strategies seem promising for businesses seeking better control over operational expenses.

  • How much does Spendly cost?

    I am sorry, but Spendly pricing is not publicly available. You will need to contact their sales team for a customized quote.

  • Is Spendly customer service good?

    There are no customer reviews available at the moment to assess Spendly's customer service.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.