How Spendics Works — And What to Expect When You Connect Your Accounts
If you’ve been thinking about auditing your business’s software spend but haven’t gotten around to it, here’s exactly what the process looks like from start to finish.
The three-step process
Connect your accounts
Spendics uses Plaid to connect to your existing business bank and card accounts. Your credentials go directly to your bank — not to Spendics. We receive read-only access to your transaction history. No new card to issue. No process changes for your team. Connect what you already have.
Takes about 60 secondsWe scan for waste automatically
Spendics analyzes your transaction history to identify recurring charges and flag patterns that commonly indicate waste. No manual categorization. No spreadsheet to fill out. No setup work on your end. The scan runs automatically once your accounts are connected.
You get a personalized savings report
Your report lays out what was found — specific charges, what they likely represent, and how much you could recover by canceling or renegotiating. The decisions stay with you. Spendics surfaces the information; you decide what to act on.
Average: 60 seconds from connect to reportSecured by Plaid
Plaid is the same connection technology used by thousands of financial apps. Your banking credentials are never seen or stored by Spendics — they go directly to your bank. Spendics receives read-only transaction data only, with no ability to move money or make changes to your accounts.
Read-only access — no ability to move money“Spendics is focused specifically on the spending category that slips through every other financial review — because it lives in a gray zone between IT decision and finance decision.”
What Spendics is — and isn’t
Spendics is
A subscription and software spend audit tool
Automated recurring charge detection and categorization
Ongoing monitoring for new charges and price increases
A savings report that tells you exactly what to cut
Spendics is not
An accounting or bookkeeping replacement
A card product or spend management platform
Something that requires switching how your team pays
A tool that makes decisions for you
Who it’s built for
Spendics is designed for the gap in the market that existing tools don’t serve well — businesses past the stage where one person knows every subscription by heart, but before the stage where a dedicated procurement team runs formal software audits.