Procurement Performance Management

Get a 360-degree view to proactively track and manage all your procurement initiatives and then communicate value everyone can see – in one seamlessly integrated place.

Procurement’s Cost of Lost Opportunities

Every procurement team and their leadership seek to improve the way they plan, manage, and report on their performance. You face increasing pressures to achieve more in cost savings, ESG progress, risk reduction, compliance, and productivity. Unfortunately, precious time and resources are wasted by chasing down information across a tangle of disconnected tools and apps – resulting in missed opportunities, mistrusted reporting, and lack of strategic advancement.

Your Home for Procurement’s Progress and Impact

With SpendHQ’s Procurement Performance Management (PPM) software, global teams every day are more efficient, collaborative, value-driving, and trusted. Finance and business stakeholders can clearly see and understand the positive outcomes of procurement’s efforts. Customers call us their essential “backbone” for managing and reporting on their entire procurement project pipeline and results.

And even better, customers can see full ROI in less than 3 months and 814% ROI in 3 three years.

The Value of Procurement Performance Management

  • Key Features: Performance Management

    SpendHQ’s Procurement Performance Management (PPM) software includes multiple capabilities that empower your team to drive, track, and report Procurement’s impact:

  • Opportunities

    Use intake built for forward-looking procurement: Collaboratively identify, assess, prioritize, and approve new procurement sourcing and value-creating projects. Keep a record of all proposed ideas and decisions. Integrate seamlessly with spend and contract data to trigger new opportunities.

  • Pipeline

    Get a current view of your entire procurement project pipeline, allowing all team members to easily add updates and exchanging data with e-sourcing tools. Use this “always on” place to monitor status, resources, risks, assign actions, and drill down to details.

  • Savings & Value Reporting

    Always know a project’s status vs. goals. See your current forecast for savings and non-financial performance alongside the original targets, and any historic data if available. When the project completes, get auditable reports that finance can validate to show actual value achieved.

  • Performance Dashboards

    It’s like health monitoring of your procurement initiatives. Customize views for different user and stakeholder roles, so that everyone can clearly track progress and outcomes against goals. Aggregate results and allow for detailed drill-downs. Proactively manage resources and risks. Promote the value you create.

  • Contracts

    Gain a contracting solution that’s so much more than e-signatures and file storage. Proactively create new opportunities based on contract insights, by easily seeing consolidation opportunities or anticipating expirations. Give everyone a unified, easily searchable view of contracts to improve alignment and collaboration.

  • Suppliers Hub

    Centralize your supplier data and save significant time in accessing information on suppliers by project, scorecards, contracts, spend, and more. Ingest data from your master supplier sources and from external sources to help enrich your insights.

  • Connectors and Integrations

    Thanks to our many pre-built connectors, our PPM software’s API allows for ingestion and exchange of data between many different applications and external sources that are essential to the procurement solution landscape. That includes source-to-pay and e-sourcing systems, spend intelligence, third-party supplier and ESG data enrichment sources, operational tools, and more.

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Supporting Your Needs in Performance Management

Create Value

Be faster to identify all possible opportunities to reduce spend, cut risk, advance on ESG goals, and boost supplier quality. Be alerted to changes in spend trends and benchmarks, contract expirations, stakeholder requests, and external market events.

Prioritize

Set and easily adjust priorities for the sourcing projects in your pipeline based on criteria such as value and risk. Your team knows exactly what to do, who is doing it, and what is coming next.

Forecast

Produce a reliable, trusted forecast of contracted savings or total value, including non-financial performance expectations, for each sourcing project. See adjustments over time. Give visibility to finance.

Collaborate

Establish your purpose-built, standardized procurement hub to bring together the team’s work and their stakeholders. This increases transparency, agility, knowledge and data retention, and ultimately trust.

Measure

Confidently measure, visualize, and communicate progress in meeting procurement’s financial and non-financial goals. Maintain reports validated by finance and shared with the C-suite and stakeholders.

Reduce Risk

Be alerted to events, bottlenecks, and new spend and supplier insights that threaten your team’s performance. Optimize team resources despite the “efficiency gap.”

What Procurement is Saying

Cédric Le Saveant, VP Group Sourcing & ProcurementTechnicolor

It is the backbone of our digital roadmap. Through its reporting, collaboration and visibility capabilities, [it’s] the perfect solution for Technicolor Purchasing Department.

Gregory Lachas, Head of Global ProcurementImperial Brands

We were looking for a user-friendly solution with a minimum level of configuration, allowing us to scale quickly. The intuitiveness has been a catalyst of this speedy global implementation.

Jonathan Fehring, Senior Director Procurement and Purchase-to-Pay AdvisoryThe Hackett Group

Investing in a Procurement Performance Management solution that enables real-time visibility to the value being created by procurement to business stakeholders is a no-brainer. It is time for organizations to get out of excel and truly digitize their environment.

Our Advantages

Generic project management or custom-built tools can’t deliver the same as our 100% procurement-focused solution.

  • Product & Support

    Get embedded best practices, automatic updates, user onboarding, support, and maintenance. Stay focused on elevating your value.

  • Procurement Validated

    Built by former procurement practitioners, we have the confidence of procurement, with ~100,000 projects supported annually.

  • Super Easy to Use

    Users master our intuitive solution in record time. We make it easy to configure to your needs, such as category definition, custom tagging, and workflows.

  • Flexible, Non-Disruptive

    Fast rollout, usually in a few weeks. The solution can be standalone, or pre-built connectors integrate with source-to-pay, finance, BI, and other systems.

Get a Demo of Procurement Performance Management

See how easy it is to set up and get your full team using it to discover, manage, and track your procurement projects and impact.