SpendHQ
2 Reviews 5/5 ★ ★ ★ ★ ★A cloud-based spend analysis software with data visualizations.
Product Overview
SpendHQ is procurement software designed to enhance performance management and spend intelligence for larger organizations. It offers features like AI-driven data visualizations, category-level insights, and the ability to drill down to individual supplier details. The software also provides a centralized platform for managing supplier agreements and terms, which is especially helpful for companies dealing with numerous suppliers.Pros
- Offers category-level insights
- Provides data visualization tools
- Has 40+ integrations
Cons
- Pricing details not provided by the developer
- Limited document module features
Target Market
Larger organizations that require detailed spend analysis and management, especially those in need of a centralized system for managing supplier agreements and terms.Video Overview
Features
- AI-Powered Insights: Can automatically show changes in spend data, such as spend with preferred suppliers, new or increasing supplier spending, and rogue spending.
- Pre-Built Dashboards: Features pre-built dashboards and custom analytic reports. The software also allows for easy measurement against financial KPIs and non-financial goals.
- Integrations: Integrates with various systems, including S2P systems, ERPs, Financial systems, e-Sourcing solutions, and Third-Party Supplier data sources.
- Cataloging: Provides tools for categorizing spend data to improve reporting and analysis.
Product Overview
Developer Overview
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User Reviews of SpendHQ
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Mike McHale
Overall
★★★★★
SpendHQ Review
May 26th, 2020
• Roles: Purchaser & End User
The intuitive interface and graphical nature of SpendHQ made it an easy choice for us. We looked at several other tools and none of them measured up to SpendHQ in terms of ease of use or quality of data.
Tony Pittman
Overall
★★★★★
SpendHQ Review
May 26th, 2020
• Roles: Purchaser & End User
SpendHQ opened up entirely new views into our spend. The improved visibility helps us in negotiation preparation, RFP development, and strategic sourcing pipeline development.
