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SpendHound Reviews & Product Details

Verified User in Information Technology and Services
EI
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Organizing in one place a central database with all our recurring vendor contracts with the key data parsed out for easy review or download and analysis. Additionally, the automatic alerts keep us on top of renewals. We've also tried out their Procurement Expert assistance program, which is a great way to get a wider view of both the market and particular vendor with which you're negotiating. More broadly, however, their team has never been more than a few minuts away on Slack or email for questions on their product or even brainstorming uses cases just beyond their platform's edge!

Should note switching costs were essentially zero. No reason not to try. Link up with their systems, send a huge batch of your contracts to them, and you're in business! Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

I only really want to see more native operational integration into Slack (e.g. action items vs just alerts) where we conduct most of our day to day business. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

A centralized, complete view of our vendor spend ALONG with operational alerting to renewals to keep us on top of that spend. Review collected by and hosted on G2.com.

SpendHound Overview

What is SpendHound?

SpendHound is the only 100% free software renewal platform that helps companies save time and money renewing vendors. There are other spend/renewal management tools on the market, but they can cost $30k-$100k/year. SpendHound is built by the team at YipitData, backed by Carlyle and Norwest Venture Partners, and is completely free. Lose the manual spreadsheet and ace your next renewal with benchmarking insights, an automated vendor dashboard, and access to renewal experts to help you negotiate the best pricing - all included - start saving today.

SpendHound Details
Product Website
Languages Supported
English
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Product Description

SpendHound is the single source of truth for all renewal information, saving you time and money, all for free!

How do you position yourself against your competitors?

We don''t believe you need to spend money to save money. Every aspect of SpendHound is completely free. There are no upsells, ever.


Seller Details
Seller
YipitData
Company Website
Year Founded
2013
HQ Location
New York, NY
Twitter
@yipitdata
3,854 Twitter followers
LinkedIn® Page
www.linkedin.com
524 employees on LinkedIn®
Description

YipitData is a data analytics company specializing in providing insights and intelligence from alternative data sources. The firm aggregates and analyzes vast amounts of data to offer actionable market research and analytics for investment firms and corporate clients. With a focus on delivering reliable and timely information, YipitData helps clients make informed decisions based on trends and performance indicators across various industries. For more information, visit their website at https://yipitdata.com/.


Sreesh R.
SR
Overview Provided by:

Recent SpendHound Reviews

Patrick D.
PD
Patrick D.Mid-Market (51-1000 emp.)
5.0 out of 5
"SpendHound is the free solution every company needs"
FREE! For a free platform, they are amazing as aggregating your data, putting it into a clean dashboard, and allowing you to track very important i...
JD
Jeff D.Mid-Market (51-1000 emp.)
5.0 out of 5
"SpendHound is worth paying for!"
The renewal reminders are super helpful - especially because we receive reminders prior to any "lock-in" notification periods before the actual ren...
David S.
DS
David S.Small-Business (50 or fewer emp.)
5.0 out of 5
"Do you have a handle on your Spend on Subscriptions? Read on ..."
Uncovering Subscriptions for Monthly, Yearly is paramont - so many of them may be out of sight out of mind. Many can be negotiated on renewal and m...
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SpendHound Security
Get security information from SpendHound to help you buy the right software. View Security Information
SpendHound security information includes:
SOC 2 (System and Organization Controls 2)

SpendHound Media

SpendHound Demo - Admin Dashboard
Easily see upcoming renewals, application redundancies, and underutilized applications
SpendHound Demo - Files Manager
Store all your contracts and invoices in one place across your organization
SpendHound Demo - Application Catalog
Get a bird's eye view on all your application spend, app owners, seat usage, and upcoming renewal dates
SpendHound Demo - Application Details
Free negotiation help is 1-click away from our renewal experts
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Have you used SpendHound before?
Yes

40 out of 41 Total Reviews for SpendHound

4.7 out of 5
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40 out of 41 Total Reviews for SpendHound
4.7 out of 5
40 out of 41 Total Reviews for SpendHound
4.7 out of 5

SpendHound Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for SpendHoundQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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JD
VP Information Technology
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

The renewal reminders are super helpful - especially because we receive reminders prior to any "lock-in" notification periods before the actual renewal date. The SpendHound tools are also super helpful for updating system owners, renewal dates, and any other data that the backed tools are not able to pick up. I also love that the SpendHound team checks in with me (as the primary user) in person to follow up and make sure that I don't have any issues using the tools. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

My only feedback to SpendHound is that I would like to see some features related to my own usage, such as indicators of how many licenses ar ein user vs how many I have licensed. This would make it even easier for me when it comes to renewal time. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

With a lot of SaaS solutions in use, I used ot find it difficult to stay on top of upcoming renewals in an automated way. My first attempt to solve this problem was with another solution that turned out to be much more complicated vs the benefit. SpendHound has turned out to be much simpler to operate and provides me even more benefit because the ease of use encourages me to keep working the system and improving my own data. Review collected by and hosted on G2.com.

JaCoby M.
JM
Controller
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

I love how easy it is to use SpendHound. I love that I can integrate Google Suite to see who is signing in to what tool and how often it is being used. I love that SpendHound connects to QuickBooks to bring in Vendors and Vendor spend which can go against the agreed upon contract pricing. Having the up to date spend with our many different vendors is very helpful so we can make sure our vendors are sticking to the contract pricing and not overcharging us. I love that it is truly free. SpendHound is a much better product compared to Vendr or Tropic. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

I really wish Spendhound would integrate with Airbase. This is our AP tool and all spend runs through Airbase. If we could integrate Airbase with Spendhound, then the data in SpendHound would be much more accruate. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

Managing all of our contracts in a central location and reminding us when contracts are set to renew so we can review them in time.

Provides resources about negotiating better prices

Connecting to QuickBooks and allowing us to have live data around current spend vs what the contract amount is. Review collected by and hosted on G2.com.

Oliver G.
OG
IT Administrator
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about SpendHound?

SpendHound has enabled us to gain an incredible level of visibility into all software spend company-wide, and has been an extremely useful tool in the effort to reign in shadow-IT spend. It works great to keep track of all renewals and store/organize contracts, and assign ownership of different platforms to the relevant stakeholders.

The fact that the platform is free and comes with a great amount of customer support is amazing. It is a mutually beneficial relationship, where anonymized data benefits them, and we are able to use the platform and get help with benchmarking our spend against other customers of the same platforms.

Getting the data connected and the platform implemented was fairly straightforward, and their team handled most of it on the backend. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

There are some platforms which don't have enough benchmarking data at this point in time, but the platform is very new so I can't fault them for that. Otherwise, there are some quirks with setup and the user interface which could be improved for ease of use, but it seems like they are constantly making improvements in this regard. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

Shadow IT spend, contract tracking, renewal date tracking, and benchmarking data collection. Review collected by and hosted on G2.com.

Marilyn M.
MM
Executive Member
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Their team has identified key opportunities for us to negotiate contracts that we were overpaying for. They compare what we are paying to what their customers are paying, and even provide sample emails likely to help reduce our rate while reducing the amount of back and forth with vendors. I like the visibility of all of these conversations in a dedicated slack channel so that I can review contracts by my department or others and see the progress of negotiations with Spendhound experts. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

Nothing so far. There have been one or two smaller vendors they did not have data on, but their team is quick to provide pointers regardless. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

We use SpendHound to determine if we are overpaying for software and SaaS tools. They provide us with context, and guide us through communicating with vendors to ensure we are paying fair rates, often reducing the amount we are paying. Review collected by and hosted on G2.com.

Patrick D.
PD
Senior Director, Finance
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

FREE! For a free platform, they are amazing as aggregating your data, putting it into a clean dashboard, and allowing you to track very important information such as contract terms, renewal dates, active user counts, etc. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

All upside to use SpendHound but they continue to get better and better based on what their customers ask for Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

Contract tracking and a consolidated place to see all subscriptions and users you are paying for is massive for us Review collected by and hosted on G2.com.

PP
Corporate Controller
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

I like that Spendhound has a connection with my accounting software. I also like the ease of use in uploading contracts. The support team has been great as well. Implementation went well. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

I think the least helpful is that it is only maintaining SAAS contracts. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

Providing us a spot to have all of our contracts in one place. It allows a snapshot of those contracts with all of the vital details. It will send reminders to allow us not miss out on terminating contracts within the time limits we have. Review collected by and hosted on G2.com.

David S.
DS
CTO / Partner
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about SpendHound?

Uncovering Subscriptions for Monthly, Yearly is paramont - so many of them may be out of sight out of mind. Many can be negotiated on renewal and many can be removed as not needed. SpendHound helps with this process. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

There could be more deeper analytics but that is on the roadmap. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

Uncovering subscription spends, having a team to evaluate and help with contract renewals. Uncovering subscriptions that are rarely used. Review collected by and hosted on G2.com.

Kimberly H.
KH
Administrative Director
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about SpendHound?

SpendHound has helped us to organize our abundance of SaaS subscriptions as a company who has acquired new brands over the past few years. We've got all of our agreements, due dates and reminders in one spot and assigned to specific team members. We are able to easily identify redundant software and SpendHound is attentive and provides comprehensive guides to renewing our subscriptions. It takes a lot of work off of our shoulders and gets us out of an outdated spreadsheet. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

We look forward to seeing the additional improvements that will impact the way we view files associated with each subscription. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

SpendHound is helping us to identify redundancies and stay organized with many subscriptions. We are reminded early on renewals and provided with a comprehensive play book for each subscription which reduces research and helps us to pivot should we choose to consider alternate vendors. Review collected by and hosted on G2.com.

Lynsey  B.
LB
Accounting Clerk
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

I love the organization of how the online software accounts are shown in the portal. It's very easy to see everything that we currently have active, and any upcoming renewals we need to take action on. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

the only downside would be trying to find all the contracts for our software. This is what I dislike about our side not Spendhound. Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

We now have a nice and clean list of all of our online sofwares. We used to use an Excel spreadsheet that could get very messy and unorganized. Review collected by and hosted on G2.com.

Tony O.
TO
Technical Operations Supervisor
Public Relations and Communications
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Their solution is simple but they are open to feedback and continue to evolve their platform. The staff is helpful and responsive. We've seen value from its use from day one. The integration with Netsuite took minutes and we had our data in a day. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

The platform lacks some features found in comparable solutions, but it's free! Review collected by and hosted on G2.com.

What problems is SpendHound solving and how is that benefiting you?

We didn't have visability into our total SaaS spend. It's showing me hidden spending and duplication of tools. It's also sending reminders for our renewals. Review collected by and hosted on G2.com.