SpendHQ Experienced 34% Revenue Growth in 2018

 In Company News

SpendHQ 2018 Year in Review   

SpendHQ, the leading SaaS spend analysis solution created for procurement and sourcing leaders, announced today that it added 33 new clients in 2018 and experienced more than 34% revenue growth compared to the previous year.

SpendHQ is now providing enterprise-level spend visibility spanning across industry verticals with global organizations in Biotechnology & Life Sciences, Financial & Insurance Services, Healthcare, Higher Education, Manufacturing & Industrial, Technology, and Telecommunications. SpendHQ will remain committed to providing procurement leaders with access to sourcing-caliber data in 2019, with the industry’s most intuitive user interface, enabling procurement professionals to do their jobs more effectively and with greater strategic focus.

SpendHQ received numerous awards and recognition from some of the leading institutions in both the technology and procurement spaces in 2018. SIIA, The Software and Information Industry Association, awarded SpendHQ as the Best Big Data Reporting & Analytics Solution and Best Data Visualization Technology solution in the 2018 SIIA CODiE Awards. Furthermore, SpendHQ was consistently named a “Value” leader in Spend Matters SolutionMap for Procurement and Spend Analytics, a quarterly report that enables procurement executives to stay on top of technology advancements and understand how they can work to streamline the function based on their buying organizations’ needs.

“SpendHQ has again massively increased our presence in the market in 2018,” said David Bush, chief revenue officer of SpendHQ. “The world of procurement technology continues to evolve, and SpendHQ is no different. With some exciting new product releases in 2019, clients can expect to take their spend visibility to the next level, with a minimum of 20:1 ROI within the first year.”

To learn more about SpendHQ, click here to view our Year in Review: 2018 at SpendHQ infographic.

 

About SpendHQ

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 2017 Red Herring North America 100 list and named the Best Big Data Reporting & Analytics Solution and Best 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 enterprises 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.

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