trace spend: Trace Spend Reviews, Demo & Pricing

Name: Trace Spend
Rating: 5 (1 reviews)

Last Updated Nov 4, 2024

Overview

Trace Spend, a unified platform for budgeting and spend management. Gain real-time financial insights, manage vendor contracts, customize approval workflows, and make data-driven decisions. Streamline your financial operations and foster transparency with Trace Spend.

Overall Rating

Based on 1 users reviews

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Rating Distribution

Positive

100%

Neutral

Negative

Starting Price

Custom

Product Snapshot

Trace Spend Specifications

Time Tracking
Task Management
Reporting
Budget Management
Resource Allocation
Employee Management
Mobile App
Project Templates
Project Scheduling
Dashboard

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What Is Trace Spend?

Overview

Trace Spend project management software, a product of TraceHQ, specifically focuses on driving spend visibility and delivering savings. It functions as a budget-to-procure spend management solution. Additionally, it provides an end-to-end procurement workflow promoting process efficiency to help teams stay within their budgets.

Moreover, Trace Spend merges spend and headcount requests with your favorite tools for planning, sourcing, bills and payments, HR, and more. This integration creates a streamlined view from plan to pay to payroll.

What Is Trace Spend Best For?

With unified budgeting and spend management, you get real-time visibility into your company's financial health. This feature is a game-changer in financial management as it brings together budgeting and spending in one platform. Instead of having to use separate tools for each, you can manage all of your financial activities in one place.

Trace Spend Pricing

The software is an add-on product of TraceHQ's Workforce Planning suite. The starting price of Workforce Planning is $2 per position, paid monthly. For information about a Trace Spend pricing plan, you can contact us.

Disclaimer: The pricing is subject to change.

Trace Spend Integrations

The software can integrate with several third-party applications, including BambooHR, Bob, Google Workspace, Gusto, Netsuite, and Okta. Trace Spend integrates with the following as well:

Personio
Rippling
Workday
Sapling

How Does Trace Spend Work?

Here's how you can use Trace Spend:

Use your company credentials to log in to Trace Spend dashboard
Invite team members to join the platform, assign different roles and access levels depending on their responsibilities
Set up budgets for different departments, projects, or cost centers
Team members can start submitting purchase requests with details like vendor information, pricing, and more
Depending on the approval workflow you've set up, purchase requests will be reviewed and either approved or rejected
With all your spending data in one place, monitor and analyze your expenses
Keep an eye on all your contracts and vendors. Get notified about renewals, track performance, and more

Head over to the Trace Spend demo to learn more about its functions.

Who Is Trace Spend For?

The main users of Trace Spend are businesses of various sizes, including high growth companies, mid-sized businesses, and small businesses. These users typically come from teams that need to manage procurement workflows, contract management, and spend analytics all in one solution.

Trace Spend supports:

Budget owners
HR departments
Project managers
Financial planning departments

Is Trace Spend Right For You?

Are you looking for a one stop shop for project management and budgeting? Look no further. Trace Spend is purchasing software that aims to save money by letting you stay on top of finance and procurement management.

Trace Spend grows seamlessly with your business, accommodating an increase in purchase requests, project management needs, and vendor contracts. This scalability ensures that as your small or mid-size business expands, your spend management solution can keep pace.

In terms of security, Trace Spend is built to support compliance and controls, ensuring that your data is protected.

You can also read Trace Spend software reviews to see what users think about it.

If you still cannot decide, call us at (661) 384-7070 to discuss if Trace Spend is the right solution for your business.

Trace Spend Features

Purchase Requests

Trace Spend is purchasing software that smartly handles purchase requests, providing a streamlined process to take in and manage these requests. It simplifies the purchasing process from planning to the creation of purchase orders.

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Approvals

The software ensures fast, compliant approval chains. It supports both sequential and parallel approvals, providing flexibility based on your organization's needs. This feature lets you share all the information with business partners and make financial decisions.

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Contract And Vendor Management

Users can keep track of vendors, contracts, and renewals. This feature is vital for maintaining good relationships with suppliers and ensuring contractual obligations are met.

See How It Works

Project Management

Trace Spend also offers project management capabilities, helping to get project plans out into the open and facilitating better team coordination. You can also see the spending trends or purchases that most impact on your projects, ensuring proper budgeting.

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Dashboard & Analytics

A comprehensive dashboard and analytics system connects planned spend with budget and actuals. Features like general ledger drill-down, budget vs forecast analysis, and budget dashboard give comprehensive insights into your business’s financial health.

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Pros And Cons of Trace Spend

A quick look at Trace Spend's strengths and weaknesses to
help you decide if it's the right fit

Pros

Simplifies business operations with detailed budget management
Very easy to keep budget owners in the loop
Ideal for any small business looking for project and budget management
Support team is highly responsive

Cons

A free trial would be useful
There is an additional cost for some features

Trace Spend Reviews

Insights from real users on Trace Spend’s features,
performance, and overall experience.

Total 1 reviews

All reviews are from verified customers

Rating Distribution

Stars

100%

Stars

Share your experience

Tyler

Small Business, 11-50 employees

Less than a year

5.0

June 2021

“The future of finance software”

Pros

I really like the user-friendliness of the product and how seamlessly it connects with other platforms to establish data flow connectors.

Cons

It would be fantastic to have a few extra features, and I'm thrilled to know that they are already planned for future updates on the product roadmap

Rating Distribution

Ease of use

Value for money

Customer Support

Functionality

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Frequently Asked Questions

Quick answers to common questions to help you better understand the product, features, and services.

Does Trace Spend offer an API?

No, Trace Spend does not offer an API.

What language does Trace Spend support?

Trace Spend supports the English language.

What other apps does Trace Spend integrate with?

Trace Spend integrates with various applications, including Rippling, Bamboo HR, Okta, Personio, and Netsuite.

Does Trace Spend support mobile devices?

No, Trace Spend does not support mobile devices.

What types of pricing plans does Trace Spend offer?

TraceSpend is an additional component of TraceHQ's Workforce Planning suite. The initial cost of the Workforce Planning package starts at $2 per position on a monthly basis. For details on the pricing structure for Trace Spend, feel free to reach out to us.

Who are the typical users of Trace Spend?

Trace Spend is typically used by project managers, remote teams, budget owners, HR departments, and other project stakeholders.

What level of support does Trace Spend offer?

Trace Spend offers Help Center and Submit Request support options to its users.