SpendHQ Wins two 2018 SIIA CODiE Awards

SpendHQ SaaS spend analytics solution earns prestigious industry recognition.

SpendHQ, the leading SaaS spend analysis solution created for procurement and sourcing leaders, has been named the best Data Visualization Technology and also the best Big Data Reporting & Analytics Solution of 2018 as part of the annual SIIA CODiE Awards.

CODiE Award recipients are the companies producing the most innovative businesses technology products across the country and around the world. Other 2018 nominees and winners across multiple categories included Red Hat, TIBCO, Lexis Nexis, Dell, and Adobe as well as many innovative entrepreneurial companies.

“We are truly honored to be recognized alongside some of the biggest innovators in technology,” said Tom Beaty, founder and CEO of SpendHQ, who was on hand to accept the awards. “SpendHQ was born out of a need, and since its inception, we have provided our clients with highly accurate sourcing-level data which enables them to quickly and easily access untapped savings opportunities within their organization. This acknowledgment further validates our efforts to provide procurement leaders with access to sourcing-caliber data with the industry’s most intuitive user interface, enabling procurement professionals to do their job more effectively and with greater strategic focus.”

From left to right, Tom Beaty, David Bush, Matthew Watts, and David Miller at the annual 2018 SIIA CODiE Awards in San Francisco.

“The 2018 CODiE Award winners are the most innovative, high-impact products in the market. We are happy to recognize these products and the power they have to transform the future of how we do business,” said Ken Wasch, president of the Software & Information Industry Association (SIIA).

The SIIA, the principal trade association for the software and digital content industries, announced the full slate of CODiE winners during a special award ceremony in San Francisco on June 12.

The SIIA CODiE Awards are the industry’s only peer-reviewed awards program. The first-round review of all nominees is conducted by software and business technology experts with considerable industry expertise, including members of the industry, analysts, media, bloggers, bankers and investors. The scores from the expert-judge review determine the finalists. SIIA members then vote on the finalist products, and the scores from both rounds are tabulated to select the winners. Multiple awards were given this year for products and services deployed specifically for B2B software, information and media companies, including the all-new Best Overall Business Technology Product, awarded to the product with the highest scores in both rounds of judging.

By providing procurement leaders with actionable insight into their organizational spend, SpendHQ enables users to be more strategic and less tactical. Here’s a sampling of a few of the CODiE judges’ feedback and how it resonates with SpendHQ’s core mission:

“This product addresses a need: manage spend data. It takes something complicated and makes it simple and shows immediate value.”

“What is particularly impressive is the short integration period required for what an IT or accounting department would be a never-ending holy grail…yet it accomplished this across depths, divisions and companies in three to four weeks. The drill down is trivial to the owners of the data in that it speaks their language, and not a data analyst’s.”

“The product nailed all of the key criteria for this type of product. Well-designed solution, easy to use, quick implementation and great mobile functionality.”

To learn more about how SpendHQ’s spend analytics solution can solve your organizations spend visibility challenges, download a Technology Review on SpendHQ from the leading procurement-focused research firm, Spend Matters. SpendHQ remains a solution leader in their SolutionMap for Spend Analytics, a report that ranks solution by buying persons, reflecting the different organizational needs on a quarterly basis.


About the SIIA CODiE™ Awards

The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.

SIIA Communications Contact: Benjamin Price, 703.909.4034, bprice@siia.net


About SpendHQ

SpendHQ is a spend analysis solution that provides rapid, accurate and detailed visibility into enterprise spend data. This full-service SaaS (Software-as-a-Service) 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 Best Big Data Reporting & Analytics Solution and Data Visualization Technology solution in 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, go to https://www.spendhq.com and request a free spend analytics demo today.

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

SpendHQ Contact: Corrina Owens, 770.481.3026, cowens@spendhq.com

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