The ROI of Procurement Performance Management 

Independent research firm Hobson & Company conducted a study involving in-depth interviews with customers to understand how teams are using SpendHQ’s Procurement Performance Management (PPM) to overcome impact, alignment, and visibility challenges. The customers expressed consistent challenges related to managing large portfolios of procurement projects. Hobson & Company’s research revealed 5 primary benefits found by using PPM:

  • Increased delivered savings by an average of 50%
  • Reduced by an average of 60% the time spent on tracking and statusing projects
  • Reduced ad-hoc reporting request time by an average of 90% 
  • Reduced time spent prioritizing projects and allocating resources by an average of 30%
  • Reduced time it took to align with Finance on procurement reporting by 50% average

Also in this research report, you will see a practical business case that details the ROI potential with SpendHQ’s Procurement Performance Management, including how it can lead to a potential payback period in less than 3 months. 

Driving ROI infographic