Spend Benchmarking to Drive Your Strategy and Roadmap
Get the trusted, proven benchmarking you need to confidently quantify forecasted savings and prioritize your next sourcing initiatives.
Does Everyone Understand the Plan?
As procurement works with spend category stakeholders to determine strategic projects and timing, key data about expected savings may be missing to help them prioritize. If spend data for all of your categories isn’t integrated and visible, you may be building a plan with too many blind spots and struggling to get alignment. You may miss opportunities where there can be clear “wins” or set the wrong expectation for the outcome.
Your Insight-Driven Strategic Sourcing Roadmap
Elevate procurement’s total value impact on the business. With SpendHQ’s spend intelligence software, you gain automatic spend benchmarks that combine with a complete view of your enterprise spend picture. The insights you see and share help you build the best possible plan for procurement’s next focus areas and priorities. Approved initiatives can immediately launch and be directed in our procurement performance management tracker and integrate with your e-sourcing app.
The Value of Benchmarks and a Strategic Spend Roadmap
Leverage accurate, comprehensive spend data to set your optimal sourcing strategy across all categories.
Use trusted benchmarks to quantify the savings possible by subcategory.
Collaboratively work with business stakeholders and finance, using data to prioritize targets for procurement to address.
Launch New Projects Faster
Reduce time-to-market for new strategic sourcing, maximizing savings and value creation.
Be a Strategic Partner
Procurement has a solution to be forward-looking, providing a clearly understandable and prioritized roadmap.
Key Features of Spend Strategy & Benchmarks
Use Category Benchmarks
Our app shows benchmarked estimates for expected savings by subcategory. This is derived from 5000+ global sourcing events through our strategic business partner, Insight Sourcing Group.
Design Your Savings Roadmap
Create your roadmap for new sourcing events, defining your own stage groupings. Move insights from benchmarks into your sourcing roadmap plan.
Prioritize Your Roadmap
Estimate potential savings by subcategory, using either in-app benchmarks or your own estimates. Group in project waves, assign resources, and create a new opportunity to launch.
Visualize and Share
Produce a forecasted savings summary report (overall and by subcategory). See spend by total, in-scope, unaddressable, recommended excluded, and included.
Customer statement on G2 independent software review website
SpendHQ adds significant value to savings efforts… [it] consolidates our spend information across multiple, nearly independent entities. We are able to see a broader picture of our spend and maximize leverage.
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.