Get More From Supplier and Contract Spend Data
A consolidated picture of your supplier spend means procurement and business stakeholders drive better negotiations, planning, and savings.
It’s Your Spend Data. You Should Know it Best.
Yes, it’s a reality that data about your suppliers and your spend with them are in disparate systems, making it burdensome to integrate for analytics. But without the right solution, suppliers come to the table knowing more about your spend history with them than you do. It’s harder to know all suppliers who are categorized as diverse or higher risk. And you may miss cost drivers such as non-contracted or non-preferred suppliers.
Best-in-Class Supplier Spend Intelligence
SpendHQ helps our customers be proactive in supplier management and negotiations, which leads to new cost savings, reduced risk, and overall greater supply chain value. You can track overall supplier spend trends and supplier health, get alerted to anomalies and contracts needing attention, and drill down into subcategory-level and ESG details. Learn more about why we’ve been named a “value leader” in spend analytics.
The Value of Consolidated Supplier and Contract Insights
Get a comprehensive, normalized, and enriched view of supplier data to improve alignment and planning.
Identify Savings Targets
Monitor cost impacts of contract terms, uncontracted spend, and supplier-level costs.
Improve Supplier Data
Normalize redundant suppliers (average 40% reduction) for more accurate spend picture.
Prove ESG Progress
Enrich with diversity, risk, emissions, and more. Get clear ESG spend reporting.
Supplier and contract insights enable faster decision-making to prioritize new projects.
Key Features of Supplier & Contract Insights
Supplier Spend Details & Fragmentation
View top and preferred suppliers, with percentage changes, and drill down to subcategories, tail spend, ESG/diversity, and more.
Monitor Changes in the Supply Base
Compare trends over time. See spend gainers and decliners. Create supplier watchlists. Share web reports across the business.
Easy Supplier Categorizations
Spot and re-categorize suppliers marked as new, preferred, favorited, under contract, diverse and more.
Put Contract Data to Great Use
Monitor spend under contract and impact of payment terms. Get alerts before auto-renewals or expirations. Ingest data from CLM apps.
Customer statement on G2 independent software review website
[SpendHQ’s] spend data enhancement allows me to pull spend by supplier and by cost center so I can see who is spending what with my major suppliers.
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.