SPEND INTELLIGENCE
Unwavering Trust in Procurement Spend with Spend Analytics
Leverage AI-powered Spend Intelligence to organize, cleanse raw data, and analyze your procurement process, delivering actionable insights and automating impactful reporting.
Simplify Complex Spend with Confidence
As companies grow, so does the complexity of their spend cubes. Let SpendHQ simplify your data chaos – the more complex the better.
When Spend Isn’t Managed Properly
Each year, companies lose over $1T in savings due to corporate spend not properly managed by Procurement teams.
Under Management
With messy and unstructured data, Procurement leaders often lack the foundational elements required to set a course with confidence.
Guaranteed
With SpendHQ, teams finally have reliable spend data analytics and can make decisions with confidence.
KEY FEATURES OF SPEND ANALYTICS
Bring Us Your Spend Data. The Messier, the Better.
Spend Intelligence transforms your raw data into clarity. Our spend analysis software combines AI-enabled spend data aggregation, cleansing, and categorization with a powerful, flexible backend that automates insights and reporting.
Restore Trust in Your Data Spend
Tap into our decades of procurement expertise for accurate vendor, category, and transaction insights – so your procurement team can make smarter, faster decisions.
SpendHQ combines AI categorization and industry expert review to deliver 98% categorization. Guaranteed.
Automate the Insights You Need
Spend Intelligence automatically delivers clear, actionable insights on key priorities combining AI-enabled analytics solutions and expert review to cut through the noise.
Gain comprehensive, enterprise-wide spend visibility to analyze trends, drill-down, and easily compare data.
Easily Manage Suppliers & Contracts
Spend Intelligence helps procurement teams proactively manage suppliers, expiring contracts, identify consolidation opportunities, and drive greater value.
Manage Risk & ESG
With Spend Intelligence, teams can easily execute strategy and deliver on goals related to ESG, risk reduction, compliance, and more.
Get visibility into supplier performance, risk categories, diversity, and more.
SpendHQ combines AI categorization and industry expert review to deliver 98% categorization. Guaranteed.
Gain comprehensive, enterprise-wide spend visibility to analyze trends, drill-down, and easily compare data.
Get visibility into supplier performance, risk categories, diversity, and more.
Most Loved Features – FAQs
How customizable are the data views?
With Spend Profiles, your procurement team can easily drill-down into raw data spend, categorized to your custom sourcing-level taxonomy. Our analysis software and analytics solutions provide full spend visibility across data sources, enabling classification and deeper insight into spending patterns.
How are insights delivered in the tool?
Spend Intelligence automatically delivers actionable insights using advanced analytics and robust analysis capabilities. The software cuts through the noise so teams can be more agile, improve process efficiency, and make smarter procurement decisions.
What about supplier data?
With spend intelligence, access performance data on your suppliers, including new and favorite vendors, and create watchlists to monitor maverick spend proactively. These analytics solutions help identify cost saving opportunities and enhance supplier performance management.
How does Spend Intelligence help with supplier compliance?
By improving management of your preferred suppliers and enforcing procurement policies, teams can reduce maverick spending and uncover additional savings opportunities, boosting overall efficiency and value.
What is Spend Analytics?
Spend analytics software unlocks the power of your organization’s expenditure data, revealing spending patterns, highlighting cost savings, improving process efficiency, and supporting strategic sourcing. With data-driven insights and a flexible analysis tool, your procurement platforms enable smarter decisions across the procurement process—because spend matters.
Seamless Integrations for Effortless Workflows
With 40+ custom product integrations – more than any other provider – SpendHQ can easily plug-and-play into procurement teams’ existing workflows.
- No Disruption
- Immediate Results
- Happy Team
“We had a number of mergers and acquisitions that we went through with different ERP systems linked to one another spitting out hybrid data that didn’t align. We [used SpendHQ] to clean up our internal data for internal stakeholders as well as external use.”
