In the sphere of spend management, French fintech company Spendesk is genuinely blazing a trail.

The startup, which attained a valuation of over US$1 million and attained unicorn status in 2022, has emerged as a prominent platform providing businesses worldwide with unmatched efficiency and security.

The most recent integration of Spendesk with over 40 HR platforms—including well-known names in the HR industry like PayFit, Personio, HiBob, and Deel—provides even more proof of the company's expansion.

As the company's vice president for Europe, Stéphane Baranzelli, attests, it's an expansion that sets a new benchmark in terms of flawless financial and personnel administration.

He claims that "this integration takes the financial and personnel management capabilities we provide our clients to a whole new level."

The response has been outstanding following extensive testing during the product's beta phase on Personio and during its recent launch.

"Users have praised its substantial time savings in managing user licenses and onboarding processes, as well as its efficiency in streamlining operations."

The "platform for complete spend management"
Founded in 2016, Spendesk markets itself as the all-in-one platform for spend management, integrating companyspend to save organizations money and time.

The company's one solution, which integrates common technology, has built-in automation, and an easily implemented approval procedure, makes it simple for employees to make nimble, efficient purchases while providing finance directors with total insight over all company spending.

The company's valuation surpassed $1 billion when Spendesk announced in 2022 that it had raised an extension to its Series C funding round in the shape of a US$114 million investment from Tiger Global.

Thousands of Businesses Trust Spendesk. Image: Spendesk
After eight years of expansion, Spendesk has offices in Paris, London, Berlin, and Madrid and is trusted by thousands of companies, ranging from start-ups to well-known brands.

Furthermore, with over 10,000 members, the Spendesk-backed CFO Connect is the fastest-growing global community for financial leaders.

Simplifying the administration of users

Spendesk's most recent integration allows users to be synchronized immediately from the HR platform, which simplifies user management.

As a result, user data consistency is ensured and the cost management system may be implemented and become familiar with much more quickly.

The following are headline features:

• Quick onboarding: Spendesk and HR tools may be connected with ease to safely onboard all employees in a matter of minutes, giving you the freedom to select who is joined.
• Automated onboarding of users: When new employees are added to the associated HR solution, Spendesk will immediately import them with all of their pertinent data.
• Uncomplicated de-boarding: When an employee leaves the organization, automatically archive their information to ensure that the user base is current and that their spending history is preserved.
• Ongoing synchronization Maintain employee data up to date so that Spendesk immediately updates any modifications made to the HR tool.
• sophisticated user administration With a customizable user filter that includes visual cues for active, manually managed, and out-of-sync users, you can choose which employees are handled.

According to Thomas Jeanjean, Chief Operating Officer of PayFit, "our integration with Spendesk represents an important leap forward in financial efficiency for businesses and the financial wellbeing of employees."

"This partnership saves our companies time, but it also provides transparency to employees regarding the status of their expenses and how they appear on their paystub."