SpendHQ Recognized in Now Tech: Spend Analytics Solutions, Q3 2019 Report

 In Company News, Spend Analytics, Spend Analytics Software

SpendHQ receives mention a report by global research and advisory firm

SpendHQ, the leading SaaS spend analysis solution created for procurement and sourcing leaders, announced today that it has been mentioned in a recent report by Forrester, Now Tech: Spend Analytics Solutions, Q3 2019. This report is designed to help procurement and sourcing professionals understand the value they should expect to receive from a spend analytics solution based on their individual organization’s size and functionality.

As the growth in organizational spend data continues, procurement organizations need to find the right partner to help them sift through the nuances of classifying different types of spend segments identified in the report, whether it be direct materials, indirect materials or services.

“We are proud to be listed as one of the solution providers in Forrester’s Now Tech report,” said David Bush, Chief Revenue Officer at SpendHQ. “While there are several providers in the market today, based on size and geography, SpendHQ provides a unique combination of data optimization, professional services and spend technology for procurement organizations to get the most visibility out of their spend data.”

Based on $3 trillion in spend analyzed and 5,000 sourcing events managed since inception, SpendHQ is well-equipped for handling any type of spend analysis requirement. Today, SpendHQ provides enterprise-level spend visibility to leading organizations from the mid-market to Fortune 500, spanning across several industry verticals including Biotechnology & Life Sciences, Financial & Insurance Services, Healthcare, Higher Education, Manufacturing & Industrial, Technology and Telecommunications.

“SpendHQ differentiates itself in a crowded market through our value-added services,” said Constantine Limberakis, Director of Product Marketing at SpendHQ. “These include actionable insights such as benchmarking, category expertise and savings insights we deliver based on our deep strategic sourcing experience.”

View the report in its entirety (access requires subscription or purchase) and learn more about how SpendHQ is positioned in the research. To learn more about how SpendHQ can help solve your organization’s spend challenges, click here to receive a custom demo.

 

About SpendHQ

SpendHQ is a spend analysis solution that provides rapid, accurate and detailed visibility into enterprise spend data. This full-service Software-as-a-Service (SaaS) spend analytics solution delivers actionable insight for sourcing and procurement professionals. With SpendHQ as your command center, you give procurement leaders inside your organization the power to impact the bottom line.

Recognized for innovation and industry impact in the procurement space, SpendHQ was named to the 2015 Red Herring Global 100 list and named the Best Big Data Reporting & Analytics Solution and Best Data Visualization Technology Solution at the 2018 SIIA CODiE Awards. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their enterprise spend clearly and drive savings confidently.

As a subsidiary of Insight Sourcing Group, SpendHQ is built by industry leaders with unmatched sourcing knowledge. Inc. magazine has ranked Insight Sourcing Group among the fastest-growing private companies in America every year since 2008. In 2017, Insight Sourcing Group was also named the #1 Boutique Consulting Firm in the U.S. by Vault.com. To learn more about SpendHQ’s spend analysis solution and start taking control of enterprise spend data, request a custom spend analytics demo today.

Stay up to date with all things procurement by visiting SpendHQ’s procurement blog and by following on LinkedIn.

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