Spend Matters Names Spend Analytics Software Solution SpendHQ Value and Customer Leader in Q1 2021 SolutionMap
Atlanta, GA – April 20th, 2021 – Spend Matters places the industry leading spend analytics software provider SpendHQ as a Value and Customer Leader its recent release of its SolutionMap benchmark ranking for Spring 2021. Comparing 75 procurement technology providers across 12 categories, including Spend Analytics, the Spend Matter SolutionMap has become the industry’s definitive procurement technology benchmark.
The depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) enable the Spend Matters SolutionMap to accurately reflect vendor updates at the speed of the market.
No stranger to this distinction, SpendHQ has been acknowledged as a leader through inclusion in the “50 To Know” by Spend Matters for the last six years, being a finalist in the SaaS Awards, Procurement Leaders’ World Procurement Awards, and a 2020 SIIA CODiE winner.
“We set out to develop a highly configurable ranking of supplier management solution provider capabilities to reflect persona-based customer requirements, quarterly market developments, peer reviews and innovation. SolutionMap is the culmination of our efforts. No two procurement organizations are the same, and often selecting the right Supplier Management provider doesn’t come down to technological capability alone,” said Jason Busch, Founder and Lead Research Analyst at Spend Matters. “That’s why SolutionMap rankings are based equally on demonstrated solution capability and input from real-life customers.”
The Spring 2021 SolutionMap represents a “condensed” cycle containing only customer score updates, powered either by new or expiring references. Analyst scores were carried forward from the previous Fall 2020 rankings. This condensed cycle allowed time for Spend Matters’ analysts to simplify and streamline the RFI for the next cycle, Fall 2021 SolutionMap. The addition of new vendors and existing vendors’ expansion into new categories were also pushed to Fall 2021 to coincide with the rollout of the revamped RFI.
“Our clients are our biggest focus. As a software created by procurement experts for other procurement experts, we understand how important it is to have a spend analysis solution that is customizable and specialized,” said David Bush, SpendHQ Chief Revenue Officer. “To receive this acknowledgement from our customer feedback and the analysts at Spend Matters demonstrates that our solution is continuing to surpass our competition, and our team is working hard to bring further improvements this year to keep that momentum going.”
About SpendHQ – Spend Analytics Software Provider
SpendHQ provides a full-service SaaS spend analytics solution that provides rapid, accurate, and detailed visibility into enterprise spend data. This industry-leading spend analysis platform delivers actionable insight for sourcing and procurement professionals.
About Spend Matters — Solution Intelligence for Procurement
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.