PROCUREMENT PERFORMANCE MANAGEMENT

Transform Procurement Strategy into Actionable Results

Performance Management is a strategic procurement management tool that helps large cross-functional teams move from data to value on their most important priorities.

See it in Action

Jump Start Your Big Initiatives

With Performance Management, you can align team members, take action, provide visibility on projects, and report on success – all in one place.

90%

Reduction in Wasted Time

No More Missed Deadlines

Reduce reporting time by 90% with procurement management and stay ahead of ad-hoc requests with streamlined processes.

Faster

Automate Alerts & Project Updates

Keep stakeholders informed in real-time with automated alerts and updates tailored to your procurement projects.

814%

Return on Investment

Within 3 Months

SpendHQ customers achieve ROI within 3 months and deliver an 814% return in 3 years with Performance Management.

Purpose-Built Procurement Performance Management

Move Procurement Projects Out of Spreadsheets and Into Action.

Put an end to wrangling numerous tools, wasting valuable time chasing information, and cumbersome manual reporting.

Complete Project Oversight

Turn procurement initiatives into actionable project roadmaps with real-time tracking, ownership assignment, and automated stakeholder updates.

Accomplish more of your financial and nonfinancial goals, including carbon reduction, risk mitigation, diversity targets, and more.

Automate Alerts, Updates, and Changes

Make it easy for teams and stakeholders to collaborate and execute action items with customizable alerts on changes or deadlines.

Focus your team on what matters. Spend less time wrangling multiple tools and tracking down project status.

Seamlessly Connect Existing Tools

Performance Management integrates with existing systems, like Spend Intelligence, to pull real-time spend and contract data – automatically keeping everything up to date.

With 40+ tech integrations, Performance Management directly feeds real-time data into your projects.

Out-of-the-Box Reporting & Dashboards

Enable faster insights using pre-built dashboards and reports designed specifically for procurement.

Built with an intuitive interface, Performance Management is designed to empower end-users to find what they need quickly.

Accomplish more of your financial and nonfinancial goals, including carbon reduction, risk mitigation, diversity targets, and more.

Focus your team on what matters. Spend less time wrangling multiple tools and tracking down project status.

With 40+ tech integrations, Performance Management directly feeds real-time data into your projects.

Built with an intuitive interface, Performance Management is designed to empower end-users to find what they need quickly.

Most Loved Features – FAQs

How does Performance Management keep data up-to-date?

Performance Management integrates real-time data from over 40 tools, acting as your procurement control center.

Can I see one single view of all projects?

See all projects and progress in one centralized view with the pre-built pipeline dashboard.

What value does Performance Management provide?

Performance Management automates reporting and makes it easy for teams to highlight outcomes on goals like profit protection, ESG, compliance, and more. The Performance Dashboard library has pre-built reports based on industry best practices. Teams can also easily customize dashboards to view and report on data and performance metrics tailored to their business.

Can I manage vendor contracts with Performance Management?

With a unified view of contracts and years’ worth of contract data, Performance Management helps Procurement teams proactively manage expiring contracts and identify consolidation opportunities. Use customized alerts to easily identify soon-to-expire contracts and automatically create new sourcing events for review and approval.

Can Performance Management help me manage my supplier base?

Using the Performance Management Supplier Hub, procurement teams can view and set custom actions related to suppliers, including scorecards, contracts, spend, or any data fields important to your business. With our API, you can ingest supplier records data and set trigger actions related to comments, documents, tasks, and more.

What is a procurement management system?

A procurement management system is software that automates and simplifies the procurement process, from identifying purchasing to issuing payments and everything in between. It provides a primary source of truth to manage tasks like vendor selection, contract management, and supplier relationships, helping companies source and buy efficiently.