Visibility to Improve Spend Compliance
Save costs and reduce supply chain risk, by proving the value of driving more rogue spend to preferred suppliers.
Unmanaged Spend and Savings Leakage
Getting more spend under management is a key goal for procurement and finance, with Ardent Partners in 2022 reporting that for the average enterprise, about one-third of enterprise spend is still not managed by procurement. Confidence in spend data and estimations of savings and value helps you get buy-in from business partners. But even after strategically sourcing and negotiating agreements with suppliers, you also want to make sure the projected savings become realized for the bottom line.
Advance to Best-in-Class Spend Compliance
In just a few clicks, SpendHQ provides crucial visibility to quantify the cost of unmanaged and non-compliant spend across all sourcing categories. This empowers your team to make the case to spend category stakeholders for selecting preferred suppliers, improving contracting, and identify new areas for future strategic sourcing programs.
The Value of Spend Compliance Visibility
Procurement and finance get the insights to quantify the future savings and value that’s possible by managing more spend.
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Influence New Savings
Customers report an average 3X increase in their spend compliance, helping to reduce costs.
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Reduce Risks
Identify higher-risk suppliers outside of preferred vendors. Improve contract coverage and terms.
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Get Spend Owner Buy-In
Strengthen stakeholder collaboration for proactive planning and opportunity alignment.
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See Procurement’s Impact
Generate clear reports that track managed spend, impact rate, and preferred supplier results.
Key Features of Compliance Insights
Views of Managed & Unmanaged Spend
Easily identify the top unmanaged and noncompliant categories, subcategories, and vendors. See your impact rate and quantify savings leakage.
Optimize Your Preferred Supplier Program
Track key supplier metrics and spot opportunities to shift and consolidate spend. Identify uncontracted spend.
Get Automated Insights
Our “rogues gallery” surfaces and highlights the biggest areas of savings leakage. Add to sourcing strategy roadmap.
Easy Configurations
Use admin tools to set your own definitions for spend under management, compliance and impact rates, and savings KPIs.
Customer statement on G2 independent software review website
[SpendHQ is] helping us to improve data categorization accuracy and build category strategy dashboards for the purposes of identifying additional savings and tracking compliance.
Get a Demo of Spend Intelligence
Learn more about our Spend Intelligence solution for its best-in-class spend data processing approach and easy-to-use interface for accessing and generating insights, benchmarks, reporting, and strategic roadmaps.
