Lisbon, 03 August 2020 – Group Your, Your Advisory and SpendLab Recovery, the game changer in accounts payable, are proud to announce the signing and establishment of an international partnership to help and reinforce their commitment to supporting company’s managements. The combination of SpendLab’s rigorous accounts payable analysis and control solutions, aligned with the areas in which Your Advisory excels in, together make it possible to reinforce and offer new support services for company management. We are able to provide current and potential clients with an extensive set and range of business solutions that firmly ensure companies have a better control over their management activities.
With the offering of the SpendLab Analyzer service, clients of Group Your -through the use of advanced algorithms and equipped with the most up-to-date data science technology– will have at their disposal a top and efficient solution that promptly identifies irregularities, provides a detailed analysis of accounts payable as well as risk reports and recovery procedures that can be adopted. In turn, this helps companies to quickly and assertively implement technology to improve their levels of accuracy, accountability, control and efficiency of their internal control system procedures.
For Hugo Salgueiro, Partner of Group Your, “SpendLab offers top innovative solutions to support the financial management of their clients. Through practical and efficient applications of their expertise and know-how, they provide insights into accounts payable, potential risks of overpayments or unpaid payments, which have not been detected internally or indicated by the suppliers, namely in companies of some size and with a high number of transactions.
SpendLab’s credentials and history of success, on an international level, make us firmly believe that this service and partnership will be yet another key element of added value for companies in Portugal, allowing in some cases the increase in percentage recoverability of significant amounts unduly paid.”
“We are very proud to establish this partnership with Group Your, whom have already contributed so much to the Portuguese business ecosystem. SpendLab is currently in an international expansion initiative and I believe that our Accounts Payable Recovery Analysis product (APRA) is a great addition to the service portfolio that Group Your already offers its Clients”, states Iris Lopes, Managing Director of SpendLab.
About Group Your
Group Your is one of the most prominent companies in Portugal. 100% Portuguese, a pioneer in providing integrated services to support the management of companies. With 14 years of existence since its foundation, Group Your has currently nine business areas and has aligned its service offering according to the demand and needs of its Clients.
Group Your offers a combination of skills, expertise and know-how in the business areas that make up its core business, namely – Accounting, Auditing and Financial and Tax Consulting with the offering of integrated solutions to support the key business areas of its Clients, such as safety and health at work (opening Clinica Your), human resources management, entrepreneurship support, insurance and administrative services. This marks its competitive position in the national market and enhances the SMEs access potential.
In 2020, Group Your is celebrating 14 years of history since its foundation and is currently in the top 10 accounting firms in Portugal. The Group’s turnover in 2018 was 6.6 million euros and in 2019 7.3 million euros. It has a portfolio of around 1800 customers nationwide. Its team consists of around 180 employees, with an average age of its workforce being 38 years old and 75% of its employees being female. The Management team is composed of 5 Partners. It currently has 3 offices in Portugal (Lisbon, Porto and Viseu) and one international office in Luanda. Group Your launched the Your Business platform in partnership with the Portuguese bank Millenium BCP, aimed at entrepreneurs and companies that want and are in need of restructuring their business. Group Your acquired the company Saudigest from the Portuguese Red Cross – reference in the area of health and safety at work, and it opened a Your Clinic in Lisbon.
Awards: 2015 – Best Companies to Work at Award (Exame Magazine) / 2015 – Best People Managers / 2011 – Gazela Companies / 2015 – 2017 – 2018 – 2019 – Happiness Works
Find out more about Group Your at: https://grupoyour.com/
SpendLab Recovery is the successor of the RIB (Dutch National Procurement Agency or in Dutch Het Rijks Inkoop Bureau), founded in 1921. Its original goal was to combine procurement needs from all Dutch government institutions. In 1989, it started its shift towards a professional services organization. In 2002, NIC was privatized and the focus became compliance with Dutch and EU regulations. In 2014 the acquisition of Finyard took place. From 2015 onwards, NIC Finance Projecten made full use of emerging data analytics technologies, followed by the acquisition of Double Paid in 2017. Driven by its international success, the former RIB will now continue as SpendLab.
Find out more about SpendLab at: https://spendlab.com/