SpendLab

SpendLab is a financial services company based in the Netherlands, specializing in accounts payable (AP) auditing and spend optimization. Founded in 2002 and headquartered in Noord-Holland, SpendLab employs around 106–110 staff and operates globally. The company focuses on streamlining AP processes for businesses across various sectors. In February 2024, SpendLab entered a growth phase following the acquisition of a majority stake by US investor Story Capital. The company offers three main solutions: the AP Analyzer, which identifies erroneous payments; the VAT Analyzer, which detects VAT miscalculations; and the Balance Analyzer, which recovers funds from vendor balances. SpendLab operates on a risk-free model with a "no cure, no pay" approach, requiring no upfront costs. Clients typically spend just one hour per week on audits, which are claimed to be 50% faster than those of competitors. SpendLab has recovered €500 million for clients and analyzed over one billion invoices across more than 150 integrated ERPs. The company is ISO-certified and GDPR-compliant, ensuring data security.