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Spenda: Delivering better systems and smarter payment solutions for businesses

Ola Polczynski
13 April - 3 min read

You might have heard a bit about Spenda and perhaps you are keen to learn more? Or maybe you have recently discovered our business? Either way, we thought we’d dive deeper into who we are, what we do and how we help businesses excel so they can trade faster and most importantly get paid quicker.

 
What is Spenda and what makes us so unique?

Spenda is the core product of ASX listed company, Cirralto Limited and we deliver a fully integrated and complete digital payment and business software solution. 

Here’s where we stand out, competitive software as a service (SaaS) businesses focus on improving siloed parts of the business process, such as stock control or by providing an efficient point of sale (POS) system. While typical payments competitors focus solely on the payment event. 

Spenda is the only feature-based payment company in the market that integrates all business processes that take place before and after the payment event. We’re here to help businesses get paid what they are owed by streamlining their processes, and improving Business-to-Business (B2B) payment practices. 

So how do we do this? By offering one connected solution that encompasses everything a business needs to operate. This includes real-time digital business payment services, debt collection software, a dynamic POS and inventory management system, a dynamic eCommerce solution, strategic catalogue sharing, as well as tailored service management solutions

All our solutions are designed to work seamlessly together to create better efficiency in how businesses operate and trade with each other, and can be easily tailored to suit specific business requirements.

 
Spenda’s user interface on desktop and iPad view

How Spenda helps businesses get paid quicker

We’re making it easy for businesses to pay each other correctly and on time by improving how invoices are viewed and paid, speeding up transactions and keeping money flowing through the economy. 

Spenda operates up and down the value chain supporting manufacturers, wholesalers, retailers and consumers. Our software sits on the foundation that puts the user first, no matter who that user is, and provides solutions designed to reduce operational and administrative pain points that lead to late payments and poor cash flow – both major problems that burden many SME owners and lead to un-resilient businesses.

Spenda’s payment solution operates up and down the value chain supporting manufacturers, wholesales, retailers and consumers.

How businesses benefit from using Spenda

Not only are we offering businesses more flexible options to get paid and improve cash flow, but our collaboration framework is focused on connecting the buyer and seller through ledger-to-ledger integration to ensure they are working from a single source of digital truth.

Clear bill presentment with flexible payment options.

We’re also enabling businesses to pay their suppliers via a credit card transaction even when the supplier doesn’t accept card payments, and essentially giving customers and suppliers more ways to trade and pay each other with reduced fees. 

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More payment options

Giving your customers more ways to pay you means you’re more likely to get paid on time, every time. We’ve implemented B2C functionality into the B2B payments landscape, including instant payment options through our Workflow Payments concept (think the Uber-fication of business payments), Buy Now, Pay Later arrangements, and an Intent-to-Pay Framework (like Afterpay but for business).  Learn more ➜

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Improved bill presentment

We’re offering better payment flexibility, lower transaction processing costs, faster settlement, multi-invoice payment and improved integration – essentially making it easier for your customers to clearly see and pay all their invoices correctly and on time. Spenda’s interface securely connects the customer and supplier ledger-to-ledger, and allows parties to select what invoices they want to pay and when. Learn more ➜

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Automated reconciliation

Spenda gives businesses complete and simplified reconciliation with secure ledger-to-ledger transactions and full debtor account access to keep them on top of their cash flow at all times.  Learn more ➜

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Better security

We take data and transaction security very seriously and as a result, our software delivers a high level of security and data privacy with anti-money laundering (AML) and know your customer (KYC) checks as well as a two-factor authentication (2FA) security so you can trade with complete confidence.  Learn more ➜

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Real-time integration

Our solution seamlessly integrates into small business accounting platforms (such as Xero, MYOB and QBO) or existing ERP management systems in real-time, reducing manual data entry and increasing efficiency  Learn more ➜

With Spenda, businesses have the ability to realise faster payment times, along with providing a seamless experience to their customers.

If you’d like to see Spenda in action why not book a demo with our team? Alternatively, if you have any questions, send them over to sales@spenda.co and our team will be more than happy to help you out.

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