PROCUREMENT PERFORMANCE MANAGEMENT
Transform Procurement Strategy into Cost Savings and Actionable Results
Performance Management is a strategic procurement performance management tool that helps procurement leaders and large cross-functional teams move from data to value on their most important priorities through continuous improvement and performance monitoring.
Jump Start Your Big Initiatives
With Performance Management, you can align procurement team memberss , take action on strategic sourcing initiatives, provide visibility on projects through key performance indicators, and report on success – all in one place.
No More Missed Deadlines
Reduce reporting time by 90% with procurement management and stay ahead of ad-hoc requests with streamlined processes.
Automate Alerts & Project Updates
Keep stakeholders informed in real-time with automated alerts and updates tailored to your procurement projects.
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 strategy initiatives into actionable project roadmaps with real-time performance monitoring, ownership assignment, and automated stakeholder updates that track procurement metrics.
Accomplish more of your financial and non-financial goals, including cost savings, carbon reduction, risk management, diversity targets, and supplier performance improvements.
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 the procurement function, featuring supplier scorecards, procurement metrics, and defect rate tracking.
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 non-financial goals, including cost savings, carbon reduction, risk management, diversity targets, and supplier performance improvements.
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 support supplier performance management?
Performance Management delivers effective supplier performance management through automated supplier scorecards, performance monitoring, and risk mitigation tools. Track key performance indicators across your supplier base, conduct performance reviews, monitor contract performance, and identify performance issues before they impact your supply chain. The platform integrates supplier relationship management with procurement processes to help procurement teams build stronger vendor relationships and drive continuous improvement.
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 contract management and contract performance with Performance Management?
With a unified view of contracts and years’ worth of contract performance data, Performance Management helps Procurement teams proactively manage expiring contracts, monitor contract performance, and identify consolidation opportunities that deliver cost savings. 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 performance management system is software that automates and simplifies the procurement process, from identifying purchasing to issuing purchase orders, managing payments and tracking supplier performance throughout. It provides a primary source of truth to manage tasks like vendor management, contract management, and supplier relationships management, helping companies execute strategic sourcing and supply chain management efficiently while monitoring procurement KPIs and driving cost savings.
More Integrations Than Any Other Provider
With over 30 custom product integrations, SpendHQ can easily plug-and-play into procurement teams’ existing workflows.
- No Disruption
- Immediate Results
- Happy Team
I would recommend SpendHQ because it’s very user friend. You do not need a lot of experience with data analysis and dashboard building/reporting. The tool is really friendly for someone with minimal technical background to use.
