Eagl and Spendesk partner to connect procure-to-pay and the month-end close. Samuel Van Innis Co-founder and CEO, Eagl Key takeaways. * Eagl and Spendesk have partnered to connect procure-to-pay with the month-end close. * Most new accruals come from spend that has not reached the ERP yet: card payments, travel and supplier invoices waiting for approval. * Eagl connects directly to Spendesk and the ERP, matches bills to open accruals by service period and runs the close. * Both work with NetSuite, Microsoft Dynamics 365 Business Central and Exact Online. Spendesk and Eagl have partnered to connect procure-to-pay with the month-end close. Eagl reads spend in Spendesk alongside the ERP, so finance teams see what needs to be accrued before they close. Spendesk handles purchase requests, corporate cards, expenses and invoices. Eagl does the accounting work that follows: it matches invoices and payments, prepares accruals, catches VAT errors and runs the close. Both work with NetSuite, Microsoft Dynamics 365 Business Central and Exact Online. Accruals start in spend. Every month, finance teams accrue costs that were delivered but not yet billed. At the multi-entity teams Eagl BV work with, most of those accruals do not come from the ERP. They come from spend that has not reached it yet: card payments, travel and supplier invoices still waiting for approval. That is where accruals get hard: * Service period, not booking date. Many bills booked in October cover September or earlier. Whether a cost needs an accrual depends on the service period on the invoice. * One bill, several months. A quarterly October to December invoice booked in November uses the October accrual. November and December are current and future costs. * Data nobody has checked yet. Unreviewed expenses often carry the wrong category, VAT or service period, so the invoice itself is the source to trust. * Currency. For a USD or GBP bill, the accrual is a euro estimate made at month-end. A small difference against the booked bill is usually just the exchange rate. What Eagl does today. Eagl's accruals module and Eagl Studio can: * Read spend directly from Spendesk, including spend still waiting for approval * Read booked invoices: service period, net and VAT amounts, and line items * Split costs by days across periods and match credit memos * Match each open accrual to its bill, and flag bills booked on a different account * Review a full month of accruals in one go * Check a batch of invoices for duplicates, VAT and period issues, and whether they are already booked, with the findings in one file From the leadership. About Eagl Eagl helps finance teams automate their accounting workflows, from reconciliations and accruals to journal entries and the month-end close. By connecting directly to your ERP and finance stack, Eagl gives teams the tools to build their own automated workflows or use ready-made solutions, with full control and auditability. About Spendesk Spendesk covers the entire procure-to-pay process, from purchase requests and corporate cards to expense management and invoice processing. By connecting spend data directly with your financial operations, Spendesk helps businesses streamline multi-entity management, automate manual tasks with AI, and manage multi-step approval workflows. Finance teams gain full visibility over spending, improve control, close faster, and free up time to focus on what truly matters.

In the age of AI, European companies could save almost £6 billion by rationalising their software spending. AI spending rises by 340% in a year, highlighting the growing challenge for UK businesses to manage software costs as AI adoption accelerates London, UK, October 5, 2026 - Spendesk, the European AI-powered spend and procurement management platform for SMBs and mid-sized companies, today publishes its European Software Spend Report 2026, an analysis of spending by 2,500 businesses across Europe. The report highlights an increasingly complex financial environment, characterised by a growing number of software tools and suppliers, expanding use of AI, and significant variability in associated spending. Against this backdrop, finance teams must manage more data and financial flows while maintaining control over decision-making. Spendesk is responding with capabilities that range from conversational access to data to agents embedded directly into the platform. New functionalities include the Bookkeeping Agent and Smart Invoice Routing. This launch is part of a broader vision: the rise of agentic AI as a true digital "workforce" supporting business competitiveness and finance teams. Software spending is becoming increasingly complex According to Spendesk data*, companies spend an average of around £213,000 per year on software. This proliferation of tools is also making financial flows more complex. Companies are using more software, working with more suppliers, and now have to contend with usage-based billing models, particularly in the field of AI. Tool duplication is a particularly significant issue: * 72% of companies using AI pay for two or more tools simultaneously; * In the UK, nearly £399 million could be saved by adjusting duplicate tools across SMEs. AI is also making financial flows more unpredictable This complexity takes on a new dimension with the rise of AI. Spending on AI tools increased by 340% over 12 months among the companies analysed by Spendesk, while the number of companies using these tools remained relatively stable. The increase therefore stems in part from higher spending among companies that had already adopted AI. AI-related spending is also highly volatile: * 60% of the companies analysed show significant month-to-month variations in their AI spending; * This spending can vary by up to 61% from one month to the next, making budget forecasting more difficult; * Months recording peaks in AI spending can cost up to eight times more than low-spending months; * Spending with certain suppliers is growing rapidly: over the period analysed, spending with Anthropic increased sevenfold in six months, while spending related to Cursor more than doubled. Towards AI-augmented finance These findings highlight a growing challenge for finance teams. As AI becomes a regular part of business operations, finance teams need to understand where money is going, spot issues quickly and take action while maintaining control. Spendesk is developing its platform around this shift, combining conversational access to financial data with AI-powered automation embedded directly into finance workflows. Spendesk AI Connect, built on the Spendesk MCP server (generally available since July), lets users query their Spendesk data directly from AI tools such as Claude or Dust, without exporting reports. From there, Spendesk is also developing a new generation of tools designed around the real-world needs of finance teams from visibility to automation. These new developments include: * The Bookkeeping Agent codes payables and classifies them as ready for export or flagged for attention, learning from how payments have been classified in the past, with no manual rules to set up. Every recommendation remains explainable, while finance teams retain control over decisions. * Smart Invoice Routing enables multi-entity organisations to use a centralised forwarding address. AI analyses invoices and automatically routes them to the appropriate entity, while exceptions remain under the control of finance teams. "Spendesk is entering a new phase of AI in the enterprise. Spendesk has moved beyond using AI to produce and analyse information; Spendesk is now taking it a step further by entrusting it with part of the work itself. "For finance teams, that means moving from controlling every single flow to letting AI take on the tasks it can handle, while flagging only those that genuinely require human intervention "That's the shift we want to build at Spendesk: becoming part of the Office of the CFO through AI that doesn't just assist finance teams, but takes on meaningful work, with every recommendation explainable, and with safeguards and human oversight where they matter." explains Axel Demazy, CEO of Spendesk. The Bookkeeping Agent and Smart Invoice Routing are currently in invitation-only beta, with general availability planned by the end of 2026. Looking for more? You can always reach Spendesk at [email protected] or [email protected] for any partnership request.

French unicorn Spendesk joins Tech Barcelona to accelerate growth in Spain. Spendesk, the European AI-powered spend and procurement management platform, has joined the Tech Barcelona association as a Corporate Partner. This partnership is part of the company's growth strategy in Spain. Founded in Paris and now recognized as one of Europe's leading technology scaleups, Spendesk offers an all-in-one platform that simplifies corporate spend and procurement management, covering everything from payments and expense claims to invoices, business travel, and accounting automation. The partnership with Tech Barcelona coincides with a new phase of growth in Spain for Europe's first profitable spend management platform. With more than 75,000 companies within its target market and close to one hundred active customers, the fintech sees Barcelona as a strategic gateway to accelerate its expansion and strengthen its presence in the country. According to Martin Kaplan, Head of Sales at Spendesk, "Barcelona is one of Europe's most dynamic technology ecosystems, and Tech Barcelona does an excellent job of bringing together the very best of it. Being part of this network allows us to connect with the right people at the right time and help companies keep their finances under control as they scale." For his part, Miquel Martí, CEO of Tech Barcelona, stated: "Europe needs more scaleups like Spendesk - companies that grow into international leaders while helping thousands of businesses scale. As an association, we want to bring these types of solutions closer to Barcelona's startups and SMEs so they can become more efficient, scalable, and competitive. The fact that Spendesk has chosen Barcelona as a base for its continued growth demonstrates the strength and attractiveness of our ecosystem." 16 June 2026 News Partners