Tom Beaty, CEO of SpendHQ, was invited to contribute an article for Procurement Leaders, a global membership network serving senior procurement and supply chain executives with independent [...]
Your Procurement Data Belongs in Expert Hands.
We have worked with over 1,000 companies between our procurement consulting and spend visibility services. And the one thing we have seen is that most people have bad procurement data that greatly inhibits their ability to drive and sustain savings for their organization.
You cannot manage what you cannot see, and poor visibility into spend data is a systemic issue found across companies of all industries, sizes and cultures. Solving this common procurement problem is the first step in the SpendHQ process. In just four to six weeks, our U.S.-based team of strategic sourcing professionals cleanses, consolidates, normalizes and categorizes your procurement data to more than 97%. We call this process Procurement Data Optimization. Our team includes deep sourcing experts who have performed hundreds of strategic sourcing projects leveraging SpendHQ. They bring this knowledge to you and your team as part of our spend visibility solution.
The intuitive interface and graphical nature of SpendHQ made it an easy choice for us. We looked at several other tools and none of them measured up to SpendHQ in terms of ease of use or quality of data.
It seems counterintuitive, but procurement data is consistently bad, even for companies that make large investments in relevant systems. There are a lot of drivers for this problem. A few of them include:
Click here to receive your copy of “Why Your Procurement Data is So Bad,” a spend analytics whitepaper by Tom Beaty.
Schedule a demo and see what our spend analysis solution can do for your organization’s spend challenges.