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A spend management software that provides businesses visibility,…
Founded in June 2019 and based in Singapore, Spenmo is building the only software you need as a business to manage payables. From bill payment, corporate card, local and international transfer, to employee’s expense claim, Spenmo helps companies streamline their AP processes with our technology. Before Spenmo, AP staff were drowned in manual work and struggled to reconcile all their spending on time. Not anymore. Thousands of businesses are now using Spenmo to payout their AP, track and categorize spend, and close their books on auto-pilot in 90% less time. On average, finance teams who use Spenmo save over 50 hours and $10,000 every month.
Spenmo Summit provides a business spend management platform that automates accounts payable, expense management, and vendor invoicing, with AI-powered insights and real-time spend visibility. It focuses on automating manual tasks, enabling faster close, and offering policy-driven approvals across multiple spend categories. The product emphasizes integrations with existing accounting software and end-to-end spend control.
Users upload and process employee expenses and supplier invoices via automated capture and data extraction. Summit AI scans receipts and invoices, auto-fills details, enforces policy-driven approvals, and routes claims to the correct approvers. Invoices can be bulk-uploaded with drag-and-drop and instant data capture, with audit trails and accounting integrations. The platform provides real-time spend analytics, multi-entity spend management, corporate card reconciliation, and seamless integrations to popular accounting systems (e.g., Xero, QuickBooks, NetSuite). It supports merchant card management, reconciliation, and end-to-end spend visibility from a central dashboard.
Who it’s for: Finance teams and business owners managing spend and procurement across professional services, logistics, nonprofits, preschools, and multi-entity organizations.
Mentions of AI-powered features, integrations, and adoption by various industries; customer testimonials included, indicating traction and deployment in real-world use cases.
CEO & Founder Mohandass started his career as a management consultant with BCG. He then moved to Grab where he led regional strategy and launched multiple financial services products in SE Asia. Today, he heads Spenmo, a leading payment software in SE Asia.
Brex for South East Asia - Corporate cards & automated payments.
Banking for businesses
