Tom Nash Joins Spend Insights
A Conversation with Tom Nash, CPO at the American Red Cross
SpendHQ Presents Spend Insights Podcast
Episode 009: A Conversation with Tom Nash, Chief Procurement Officer at the American Red Cross
Constantine Limberakis, Director of Product Marketing at SpendHQ, recently spoke with Tom Nash, Vice President of Supply Chain and Chief Procurement Officer at the American Red Cross. As a senior executive in procurement and supply chain, Tom provides a unique perspective on the role procurement is playing to impact the nonprofit business of emergency assistance, disaster relief, and disaster preparedness education at the American Red Cross.
During the podcast Tom shares insights around the importance of spend analysis and how it’s directly impacted their ability to create “fact-based” visibility while promoting supplier innovation and mitigating third-party risk.
“We’ve invested in tools like SpendHQ to give us that visibility, transparency, and categorization of what that spend actually looks like. And why do we do that? Very simply, we are trying to make sure that of the dollars we have, we are being good stewards of our donor dollars as well as the money that we make in our hospital business and our training business. We are like anyone else; we need a return on our investment. So this [spend analysis] is very critical for us in terms of business performance to have a better handle on our third-party spend.”
Spend Insights is a podcast series dedicated to the experiences that shape the world of sourcing and procurement. If you’d like to be featured as a guest on Spend Insights, or if you have a topic you’d like to hear covered, feel free to submit your request here.
SpendHQ is a spend analysis solution that provides rapid, accurate and detailed visibility into enterprise spend data. This full-service SaaS (Software-as-a-Service) spend analytics solution delivers actionable insight for sourcing and procurement professionals. With SpendHQ as your command center, you give procurement leaders inside your organization the power to impact the bottom line.
Recognized for innovation and industry impact in the procurement space, SpendHQ was named to the 2015 Red Herring Global 100 list and named the Best Big Data Reporting & Analytics Solution and Data Visualization Technology solution in the 2018 SIIA CODiE Awards. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their enterprise spend clearly and drive savings confidently.
As a subsidiary of Insight Sourcing Group, SpendHQ is built by industry leaders with unmatched sourcing knowledge. Inc. Magazine has ranked Insight Sourcing Group among the fastest-growing private companies in America every year since 2008. In 2017, Insight Sourcing Group was also named the #1 Boutique Consulting Firm in the U.S. by Vault.com. To learn more about SpendHQ’s spend analysis solution and start taking control of enterprise spend data, request a custom spend analytics demo today.
After benchmarking spend analytics tools used across all industries, the American Red Cross selected SpendHQ based on our evaluation of their practitioner-built tool and practical approach. Implementation has been smooth, and early results are encouraging to date. At this point, we believe the Red Cross will achieve its targeted 7X ROI on the cost of this tool.
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.
SpendHQ has a superb user-interface and easy-to-use analysis features that enable our Procurement team members to gain valuable, actionable insights into the spends they manage. The support team has also been very efficient in completing the periodic data refreshes such that the system reflects the most up-to-date information possible.
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