SpendLab

As we wrap up 2024, we at SpendLab want to take a moment to reflect on 2024—a year filled with growth, collaboration, and achievements we couldn’t have accomplished without our incredible team, partners, and clients. 🎉   With the holiday season upon us, we wish you all a time of joy, rest, and celebration. May your days be filled with laughter, love, and cherished moments with loved ones. Here’s to a bright and successful 2025!🥂 We’re excited to continue our journey together and look forward to everything the new year will bring💙   🎄 Happy Holidays and a very Happy New Year! Let’s make 2025 another unforgettable year 🚀 #Spendlab #HappyHolidays #HolidaySeason #MerryChristmas #NewYear2025 #Gratitude #SuccesTogether

🎄 AI & Machine Learning: The Santa Claus of Accounts Payable 🎅 This holiday season, imagine your Accounts Payable (AP) processes running as smoothly as Santa’s sleigh on Christmas Eve—thanks to SpendLab and its advanced AI and machine learning solutions! 🎁 Recovering Hidden Profits ✨ Protecting Your Finances 🎅 Efficiency on Every Front 🎄 A Brighter Financial Future With SpendLab, the magic of the holidays extends into your AP operations. Let AI and machine learning be the “elves” that deliver efficiency, savings, and growth for your business, not just for Christmas but all year round. #SpendLab #AI #MachineLearning #AccountsPayable #Xmas #Christmas Joana Madeira, MSc

💼 The end of the year is fast approaching, and it’s not just about reflection – it’s about action! Let’s take your office’s elevator as an example. When you step into a crowded elevator, how do you handle it? 🔹 Take the stairs instead – Maybe you’re someone who avoids the chaos altogether. 🔹 Wait for the next one – Patience pays off, right? 🔹 Squeeze in and minimize yourself – Sometimes, blending in feels like the safest bet. 🔹 Stand tall and own your space – Why settle for less when you can own the moment? Just like navigating a crowded lift, tackling business challenges demands a clear strategy. At SpendLab, we help you take control of your financial operations – so you don’t just squeeze in but stand tall and confidently own your space in the industry. 🔑 Trigger events like these (see image 👇) are key indicators that it’s time to rethink and audit your financial processes. 🌟 As we wrap up the year, ask yourself: Are you maximizing your financial potential? How will you approach your business spend in 2025? Let’s start the conversation and help you take control of your spend in 2025. #SpendLab #Finance #BusinessStrategy #SpendManagement #AuditTriggers

Gratitude in Every Step 🌟 This Thanksgiving, we take a moment to reflect on what truly matters: the people who inspire us, the partnerships that drive us forward, and the opportunities to grow and make a difference 🚀 We’re incredibly thankful for our dedicated team, loyal clients, and supportive community. Your trust and collaboration fuel everything we do! As we celebrate this season of gratitude, we’re reminded that success is sweeter when shared. Here’s to cherishing connections, fostering growth, and building a brighter future together. Happy Thanksgiving from all of us at SpendLab 💙 #spendlab #thanksgiving #future #success #gratitude #thankful

We’re excited to share an insightful new brochure created by Bernard Wijtmans, Account Director at SpendLab! 💡 𝗛𝗮𝗿𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝗔𝗜 & 𝗠𝗮𝗰𝗵𝗶𝗻𝗲 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴 (𝗠𝗟) 𝗳𝗼𝗿 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗣𝗮𝘆𝗮𝗯𝗹𝗲 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗔𝘂𝗱𝗶𝘁𝘀. Organizations processing thousands of invoices monthly face a common challenge: ensuring payment accuracy without compromising efficiency. Recovery audits have traditionally been about recovering lost liquidity from errors, but "𝗔𝗜 & 𝗠𝗟 𝗮𝗿𝗲 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐏𝐚𝐲𝐚𝐛𝐥𝐞 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝐞𝐬" by enabling faster, deeper insights across and proactive error prevention. 🔍 Key Benefits of AI & ML Technology for Accounts Payable Recovery Audits: 1. 𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞 𝐄𝐫𝐫𝐨𝐫 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧: Deep identification and resolve root causes before payments occur, ensuring minimal payment leakage.   2. 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐃𝐚𝐭𝐚 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠: AI & ML powered algorithms handle structured and unstructured data (e.g., PDFs, emails) efficiently, at a line-item level, 𝐮𝐧𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝟑𝟎-𝟐𝟎𝟎% 𝐦𝐨𝐫𝐞 hidden errors like double payments and VAT mistakes.   3. 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲: Reduce audit completion times significantly while enhancing accuracy and thoroughness.   4. 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐢𝐬𝐤 𝐃𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧: Spot anomalies such as missed discounts, fraud, and incorrect invoices across the entire Procure-to-Pay (P2P) cycle.   5. 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐂𝐥𝐚𝐢𝐦𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: AI & ML simplifies supplier reimbursements, expediting recovery through SpendLab’s Client Portal platform.   6. 𝐂𝐨𝐬𝐭 𝐒𝐚𝐯𝐢𝐧𝐠𝐬: Advanced AI & ML technology detect and prevent errors, helping finance teams recover lost capital and optimize future processes.   SpendLab's AI & ML Account Payable Recovery Analyses Platform analyses huge volumes of AP data at line item level using more then 450 root causes. Using the latest AI & ML technology together with SpendLab Matter Expertise doesn’t just 𝐫𝐞𝐜𝐨𝐯𝐞𝐫 𝐟𝐮𝐧𝐝𝐬—𝐢𝐭 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐫𝐨𝐨𝐭 𝐜𝐚𝐮𝐬𝐞𝐬 𝐚𝐧𝐝 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐏𝟐𝐏 𝐩𝐫𝐨𝐜𝐞𝐬𝐬. 🚀 𝐋𝐞𝐭’𝐬 𝐦𝐚𝐤𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬 𝐬𝐦𝐚𝐫𝐭𝐞𝐫, 𝐟𝐚𝐬𝐭𝐞𝐫, 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐬𝐞𝐜𝐮𝐫𝐞. Explore the full potential of AI and ML in Accounts Payable Recovery Analyses Service with SpendLab! We’d love to hear your thoughts! 📢 Let us know in the comments what you think about 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐀𝐈 𝐚𝐧𝐝 𝐌𝐋 𝐟𝐨𝐫 𝐬𝐦𝐚𝐫𝐭𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬. #accountpayablerecovery #artificialintelligence #machinelearning #p2pinsights #approcess #workingcapital #cashflow #cashrecovery #cleanupmasterfile #compliancy #preventive #paymentrisks #procuretopay #apoptimization #financialrecovery #vendormanagement #processimprovement #riskmanagement

🎯 𝟓 𝐊𝐞𝐲 𝐆𝐁𝐒 𝐅𝐨𝐜𝐮𝐬 𝐀𝐫𝐞𝐚𝐬 𝐭𝐨 𝐓𝐚𝐜𝐤𝐥𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐘𝐞𝐚𝐫-𝐄𝐧𝐝 + 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐏𝐫𝐞𝐩 𝐟𝐨𝐫 𝟐𝟎𝟐𝟓🎯 ⁣ ⁣ As the end of 2024 approaches, Global Business Services (GBS) leaders are sharpening their focus on critical areas to close the year strong and prepare for a successful 2025. ⁣ ⁣ Here’s what’s on the agenda: ⁣ ⁣ 𝟓 𝐊𝐞𝐲 𝐆𝐁𝐒 𝐅𝐨𝐜𝐮𝐬 𝐀𝐫𝐞𝐚𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐘𝐞𝐚𝐫-𝐄𝐧𝐝: 1️⃣ 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 & 𝐂𝐨𝐬𝐭 𝐒𝐚𝐯𝐢𝐧𝐠𝐬:Refine processes to meet your year-end financial goals. ⁣ 2️⃣ 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 & 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Ensure audit-readiness and safeguard against financial risks. ⁣ 3️⃣ 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Enhance consistency across global operations to boost collaboration. ⁣ 4️⃣ 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: Upgrade automation tools to drive performance and scalability. ⁣ 5️⃣ 𝐓𝐚𝐥𝐞𝐧𝐭 𝐑𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧 & 𝐔𝐩𝐬𝐤𝐢𝐥𝐥𝐢𝐧𝐠: Engage and empower your team for long-term success. ⁣ ⁣ 𝟓 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐏𝐫𝐞𝐩 𝐟𝐨𝐫 𝟐𝟎𝟐𝟓: ✅ 𝐂𝐨𝐧𝐝𝐮𝐜𝐭 𝐚𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐏𝐚𝐲𝐚𝐛𝐥𝐞 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐀𝐮𝐝𝐢𝐭: Recover lost funds, pinpoint process gaps, and optimize AP workflows. ⁣ ✅ 𝐑𝐞𝐯𝐢𝐞𝐰 𝐕𝐞𝐧𝐝𝐨𝐫 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬: Renegotiate terms to secure flexibility and align with 2025 priorities. ⁣ ✅ 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐃𝐚𝐭𝐚-𝐃𝐫𝐢𝐯𝐞𝐧 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐌𝐚𝐤𝐢𝐧𝐠: Leverage analytics to drive strategic improvements. ⁣ ✅ 𝐁𝐮𝐢𝐥𝐝 𝐚 𝐅𝐮𝐭𝐮𝐫𝐞-𝐑𝐞𝐚𝐝𝐲 𝐆𝐁𝐒 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: Align with corporate goals while exploring opportunities in sustainability and innovation. ⁣ ✅ 𝐏𝐥𝐚𝐧 𝐟𝐨𝐫 𝐀𝐠𝐢𝐥𝐢𝐭𝐲: Develop contingency plans to navigate economic and supply chain uncertainties. ⁣ ⁣ ⁣ 🔑 𝐏𝐫𝐨 𝐓𝐢𝐩:The end of the year isn’t just about finishing—it’s about starting 2025 on a strong foundation. Partnering with experts (like SpendLab 😉) can help ensure your processes are optimized and your compliance is bulletproof. ⁣ ⁣ 📩 𝐖𝐡𝐚𝐭’𝐬 𝐲𝐨𝐮𝐫 𝐭𝐨𝐩 𝐆𝐁𝐒 𝐟𝐨𝐜𝐮𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐞𝐧𝐝𝐬? 𝐒𝐡𝐚𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬 𝐛𝐞𝐥𝐨𝐰! 𝐋𝐞𝐭’𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭 𝐚𝐧𝐝 𝐝𝐢𝐬𝐜𝐮𝐬𝐬! 👇 ⁣ ⁣ ⁣ #GlobalBusinessServices #GBS #AccountsPayable #Procurement #DigitalTransformation #ProcessExcellence #RiskManagement #CostSavings #Leadership #Strategy2025 #SpendLab

🚀 SpendLab at the Shared Services & Outsourcing Week in Berlin! 🌍 This week, Shivam Pandey, Teun van der Linden and I are attending the Shared Services & Outsourcing Week - DACH in Berlin, where the spotlight is on the future of GBS, AI integration, and sustainable digital ecosystems. This morning we started the week with a great presentation elaborating on the transformation Siemens is undergoing within their entire GBS - using GenAI. It was great to listen to various use cases and specific outcomes Siemens has generated using GenAI. Are you attending too? Let’s connect to discuss how we can help unlock hidden value in your payment processes. Feel free to drop by our Booth on the 20th and 21st or send me a message — we’d love to meet! #SpendLab #SharedServices #Outsourcing #GBS #AI #FinanceTransformation #Sustainability #Berlin

🌟 New SpendLab Job Opportunities in Serbia 🌟 We’re excited to announce several new opportunities as we expand our team in Serbia! 🇷🇸 If you’re passionate about innovation and ready to make an impact, we’d love to hear from you. We’re hiring for: • Backend Developer • Infrastructure Lead • Product Manager • Financial Auditor • IT Administrator Join us as we build solutions that drive financial transparency and efficiency🚀 ⬇️ Apply today to be a part of a dynamic, growth-oriented team! 🔗 https://lnkd.in/dbdzYHDa

🕰️ "I’m not ready." 🗓️ "The timing isn’t right." Sound familiar? The truth is: there is rarely a perfect time for anything. But that’s actually a good thing! 😉 Especially when it comes to business opportunities, a quick “hello” and a short intro can go a long way in building trust for the future. After all, when the timing is right, why waste time? 💡 Get to know SpendLab! 💡 We’re all about helping companies find their hidden cash 💰- often locked away in accounts payable processes. Think about it: how many times has potential recovery been overlooked because no one had the time or the right tool to dig in? That’s where our expertise comes in: 🔍 450+ proprietary algorithms + years of industry insight = spotting 200+ hidden risk patterns (yes, we catch what others miss!). 📊 Comprehensive analysis of your AP data so no cash is left behind. Every penny counts! 🛠️ But we don’t just recover; we provide practical insights to optimize your AP processes, enhance compliance, and prevent future losses. 🤝 And here’s the kicker: we work on a no-cure-no-pay basis. No upfront costs or hidden fees - just real results. 🌐 So, are you ready to discover what’s hidden in your AP processes? Let’s get in touch now so when the time’s right, you’re already ahead of the game! Let’s connect now and set you up for future success! 🚀 #SpendLab #FinanceOptimization #CashRecovery #AccountsPayable #AP #APautomation #BusinessGrowth #DataInsights #FinancialRisk #LinkedInTips #Optimization #Efficiency #CashFlowOptimization #FinancialRecovery #SupplyChainFinance #Procurement #ProcessImprovement