Sara Malconian Joins Spend Insights
A Conversation with Sara Malconian, CPO at Harvard University
SpendHQ Presents Spend Insights Podcast
Episode 007: Conversation with Sara Malconian, Chief Procurement Officer at Harvard University
Constantine Limberakis, Director of Product Marketing at SpendHQ, recently spoke with Sara Malconian, Chief Procurement Officer at Harvard University.
Currently, the Chief Procurement Officer for Harvard University, Sara provides leadership and oversight of the teams responsible for providing the Harvard community with superior sourcing, contracting, and procure-to-pay services to support the achievement of stakeholder goals and deliver optimal value on the university’s annual expenditures of approximately $4.7 billion.
During the podcast, Sara shares insights into her multi-faceted business background and how it’s helped her build a leading world-class procurement department by focusing on strategies around spend data that helps her manage the needs of the twelve unique and globally recognized academic units within the university.
“Helping the university to manage its expenses, especially in a decentralized environment is tough. If everyone is looking at their own bottom-line, they can solve the problem for them, but that’s inefficient. So, we [in procurement] want to be able to work with everyone and say yes, you have a problem that is also shared with other groups. This is where spend analytics really helps because we can bring the broader enterprise view and pull more people together to solve the same problems in a better manner, so we can get the cost down overall and help Harvard maintain its prestigious status.”
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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