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Spend Insights

Grow commercial card volume by accessing deeper actionable vendor and spend insights from your customers

What is it?

With Codat's Spend Insights solution, banks and other commercial card issuers can make their supplier onboarding process simpler and more effective, growing revenue per customer and reducing spend churn when moving banking customers to virtual card products.

Spend Insights makes it easy for your customers to share accounts payable data and enables your Sales Analysts, Relationship Managers, and Card Analysts to access this data within minutes with the ability to carry out ongoing monitoring.

Leverage robust data enriched with deeper personalized insights provided by Spend Insights to identify suppliers eligible for your customers' virtual card programs, run targeted supplier outreach campaigns on your customers' behalf, and grow your commercial card volume in B2B payments.

How does it work?

A diagram flow of the Spend Insights solution

Our comprehensive Codat Portal provides a rich and insightful platform with dynamic data refreshes to your Analysts and Managers, and Codat's digital connection flow makes data sharing effortless for your customers:

  1. Relationship and onboarding management

Your Analysts and Relationship Managers have the clients they are responsible for and their data at their fingertips in the Codat Portal and can easily onboard new clients.

  1. Easy and secure authorization journey

Your clients share their accounts payable data with Codat directly from their ERP or accounting software within minutes without providing login credentials so that your organization can gain immediate insights.

  1. Effortless digital connection

Codat supports direct data sharing from many popular ERPs and accounting software, removing the need for static files shared via email and reducing data processing time from days to minutes.

  1. Comprehensive financial position and spend analyses

Access an insightful view of your clients' financial position and their spend activity, including individual transactions, payment methods, terms, bill status, and more.

  1. Ongoing monitoring and data refresh

Your Analysts and Relationship Managers can easily keep records up to date with a single click, providing ongoing service excellence to your clients with this real-time supplier data.

Why use it?

  • Move more volume to card

    Gain better continuous visibility of eligible suppliers and use insights to onboard more suppliers through targeted campaigns.

  • Reduce spend churn

    Easily review your clients' spend to identify new suppliers and monitor for suppliers that revert to check or ACH.

  • Improve sales conversion

    Remove friction from the sales process by presenting personalized offers and spend less time processing applications.

  • Increase speed-to-spend

    Reduce time your organization spends on collecting, cleaning, and processing data, and help clients set up their cards faster.

Data sources

Continuous data streaming

Compel your customers to establish a digital connection with their accounting software and get real-time access to their data at your fingertips for most up-to-date insights.

Intelligent file upload

Let us guide your customers through a straightforward, low-effort process to obtain and upload their supplier and bill information for insightful spend analysis and card offers.

Get started

Ready to use Spend Insights? Reach out to your account manager so that we can enable it for you and get you started. In the process, we will set up your Codat instance to match your business processes, company specifics, and requirements. It's that easy.


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