Spend Analysis Resources & Insights

SpendHQ is really excited to offer you a complimentary copy of the latest report on CPO Rising 2023: CPO at the Crossroads, published by research and advisory firm Ardent Partners.

For procurement teams, what’s better than gaining accurate and actionable spend intelligence in real-time? Using that intelligence to drive and demonstrate value to stakeholders. With SpendHQ, now you can do both – without toggling between service providers or platforms or wrangling your data from one system to another.

If “data is the new oil,” spend data is “black gold.” Like oil, spend data is inherently valuable, but must be extracted, cleansed, categorized, refined, and distilled into a useful commodity.  

Spend analysis gives procurement teams the intelligence they need to drive value – to make more informed sourcing and purchasing decisions with lower potential risk. It’s at the heart of the SpendHQ platform and should be integral to procurement operations. Ardent Partners’ Founder and Chief Research Officer, Andrew Bartolini, says that Chief Procurement Officers (CPOs) that fail to conduct spend analysis are guilty of committing “procurement malpractice.” It’s that important.  

SpendHQ, the best-in-class provider of Spend Intelligence and Procurement Performance Management solutions, announced today its SVP of Customers and Partners, Jason Treida, has been named a 2023 Pros to Know award winner by Supply & Demand Chain Executive (SDCE). This is the ninth time Treida has been recognized with this honor by SDCE.

“Digital ambition” has been a theme for the procurement team and their leadership at Discover Financial Services, as their VP of Global Procurement and Services, Nanette Bauer, shared on a webinar discussion produced by the Hackett Group and sponsored by SpendHQ. (Discover Financial Services is a customer of our procurement performance management solution.)  

In this Hackett Group webinar sponsored by SpendHQ, our customer Discover Financial Services speaks about being in the third phase of their three-year Procurement transformation journey.