You provide your raw spend data
We consolidate the data
We normalize the data
Categorization is applied
Our sourcing experts review
Client reviews results
Clean Sourcing Data is Loaded into SpendHQ
Our spend analysis process couldn’t be any simpler. SpendHQ takes all your messy, raw spend data through our market-leading spend data optimization process to ensure a minimum target of 97% spend categorization. Based on our 20+ year history of enabling spend visibility for leading companies, our innovative data approach incorporates advanced algorithm-based analytics built upon the $4T in spend and 20MM unique vendor records we’ve categorized over the years.
The foundation of SpendHQ is cleansed, normalized, and strategically categorized procurement data. The spend analysis process is the first phase of any SpendHQ implementation, and it typically takes four to six weeks. Once your data is ready to be loaded into SpendHQ, one of our in-house procurement consultants will review it and help you uncover any immediate savings opportunities. That’s the SpendHQ Difference.
Ready to See Our Solution?
Schedule a demonstration and see what SpendHQ can do for your organization’s spend challenges.