SpendMap
3 Reviews 5/5 ★ ★ ★ ★ ★A purchasing, payables, and materials management software by Spendmap.
Product Overview
SpendMap is a cloud and on-premise purchasing software that can help automate purchasing, payables, and materials management processes. With both deployment options available and a low cost to operate, SpendMap can work with businesses of all sizes looking to eliminate manual paperwork and save time on their purchase and requisition processes.Pros
- Free version is available
- Includes a user-friendly PO Module
- Provides in-depth reports and metrics
Cons
- Limited QuickBooks integration
- Complex initial setup
Target Market
Businesses of all sizes that require a detailed and comprehensive solution that can handle complex purchasing processes and provide extensive reporting capabilities.About SpendMap
Video Overview
Features
Procure-to-Pay
- Purchase Orders
- Requisitions and Approvals
- Receiving
- Invoice Approval
- Request for Quotation
Materials Management
- Inventory Control
- Asset Management
Connectivity
- Email integration
- Faxing
- PunchOut
- Barcode Integration
Additional Features
- Reports and dashboards
- Budget controls
- Mobile access
- Integration, configuration, and security tools
- Built-in best practices
Free Version
SpendMap offers a free solution called “The Free-Procurement Project”. It’s a completely usable purchase order system full of features and requires absolutely no investment. The free version of SpendMap lets you:
- Create purchase orders
- Professional looking forms
- Print or email POs to suppliers
- Track what’s been received
- Manage items, suppliers, and account codes
- Track budgets and report on spending
The free version of SpendMap is not a “lite” version, so you are not limited to a certain number of purchase orders, users, suppliers, items, or more. It even includes free technical support.
Product Overview
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User Reviews of SpendMap
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In order to see what was purchased in the past, we were spending a lot of time compiling manual reports using a spreadsheet. Now I have instant access to that information. We have eliminated unauthorized spending which translates to immediate, bottom-line cost savings for our company. I was able to negotiate a 9% reduction on all new purchased with a vendor. That saving alone paid for the system.
We were running the purchasing and budgeting process on spreadsheets which could not be easily tracked. SpendMap helped eliminate these manual processes and gain better control and visibility.
When a requisition is created in the SpendMap system, the store manager just has to approve or deny the request online. We get summations of what each store has requested and what is being purchased. Purchasing managers can visually see what has been approved and what hasn’t for what reason. It’s all much more streamlined.
Our old system was written in-house years back and was starting to fall apart. We didn’t want to invest the resources to fix it. It could print a PO and keep some history but it required a lot of manual effort and duplicate data entry for each order. It also did not track inventory or have any budget controls. We went over budget constantly because managers were approving orders as they couldn’t see the status of their budgets real-time.
We saw an immediate reduction in paperwork and manual effort for each order with SpendMap. We went from 5 to 50 users a few months after implementing the free version and getting approval to upgrade to the web-based version. Now everyone can log into SpendMap in their web browsers and don’t need to install anything on their desktop.
