Spend Intelligence & Procurement Performance Management Pioneer Named A 2023 Spend Matters Provider to Know
SpendHQ, the best-in-class provider of Spend Intelligence and Procurement Performance Management solutions, has been named a 2023 Provider to Know by Spend Matters. The 50 to Know list recognizes the firms leading the charge on new procurement technologies and services, setting the industry standard.
“Our Spend Intelligence and Procurement Performance Management solutions drive best-in-class procurement performance, empowering procurement teams with refined insights to make more informed decisions, optimize business processes, drive financial and non-financial performance, and show their value across their organizations.”
SpendHQ was selected by Spend Matters for its unique integration of spend intelligence and procurement performance management (PPM) into a seamless solution. The integrated platform of tools and technologies allows for a continuous flow of data between analytics, strategy and execution, ensuring optimized procurement processes and savings for organizations on a global scale. SpendHQ’s Spend Intelligence solution was also featured in Spend Matters’ 2023 Spring SolutionMap for “Spend & Procurement Analytics”.
“Procurement has a critical role to play in the success of any organization, which is why we continue to innovate on our best-of-breed solution to create a truly enhanced and unmatched offering; one that seamlessly connects spend intelligence with procurement performance management to drive immediate impact and results for our customers,” said Scott Macfee, CEO at SpendHQ. “Being recognized by Spend Matters in both its 50 to Know list and SolutionMap validates our commitment to delivering exceptional products, services and support to our 500+ customers across the world.”
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Each year the 50 Providers to Know list recognizes the best-in-class companies in the procurement and supply chain market. This year marks the tenth year of publication for the 50 to Know. Vendors listed on the 50 to Know are independently selected by the analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency, and solution delivery.
“Procurement’s ability to see and understand data and actively manage initiatives in a single platform is the only way to stay relevant in a fast-changing market,” said Pierre Laprée, chief product officer at SpendHQ. “Our Spend Intelligence and Procurement Performance Management solutions drive best-in-class procurement performance, empowering procurement teams with refined insights to make more informed decisions, optimize business processes, drive financial and non-financial performance, and show their value across their organizations.”
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“SpendHQ excels in both classic analytics capabilities such as cleansing, classification, opportunity analysis and analytics services like opportunity management services, spend roadmaps, and value-focused training. Additionally, SpendHQ has a highly extensible KPI library,” said Abigail Ommen, research analyst & analyst production manager at Spend Matters.