Solutions to Modernize Procurement Management
It’s time for procurement leaders and teams to have purpose-built solutions that significantly advance spend insights and performance–and empower forward-looking, strategic impact.
Boost Procurement’s Strategic Value
Procurement teams traditionally have been reacting to business requests, instead of proactively driving value. It’s time to close the gap so that you can integrate your strategic vision with execution.
What’s needed are the right solutions for data-enabled, collaborative Procurement planning, management, and measurement.
Procurement Under Pressure
As procurement’s scope of influence and responsibility expands, so does the need to keep up with converging and growing pressures.
You must handle inflationary pricing, maverick spend, shrinking profit margins, and lack of data visibility.
Compliance & Governance
More addressable spend must be in compliance. Financial auditing and reporting impact your work.
You need to proactively identify, communicate, and manage risks to the business.
ESG & Non-Financial Performance
There is growing regulatory, market, and investor pressures for strategic commitments.
Procurement Strategic Platform
Spend insights are only valuable if you can act on them to drive and measure new value. SpendHQ offers an integrated platform for procurement leadership, their teams, and spend category stakeholders to connect insights immediately to their procurement project pipeline and impact reporting for finance. These connected solutions allow for seamless workflows and advancement of future sourcing waves, based on easy, “always on” availability
ESG and Non Financial Planning
Procurement has a tremendous opportunity to help the business accelerate progress toward its strategic goals that are not directly financial in nature, including sustainability, supplier risk reduction, ethical sourcing, diversity, compliance, and more. SpendHQ’s solutions deliver features that enrich data, surface actionable insights, and measure achievements to improve reporting and external communication.
Procurement Ecosystem Integration
In addition to working stand-alone, our solutions for Spend Intelligence and Procurement Performance Management easily connect across internal and external apps to ingest, enrich, exchange, and trigger data. The benefits are easy implementation and integration into your workflows and improved process efficiencies and insights. Many options exist with our pre-built connectors to systems that include source-to-pay apps, best-of-breed e-sourcing, ERP and legacy sources, financial systems, contract repositories, and supplier data.