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SpendHound Reviews & Product Details - Page 3

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
3,850 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

41 SpendHound Reviews

4.7 out of 5
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41 SpendHound Reviews
4.7 out of 5
41 SpendHound Reviews
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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G2 reviews are authentic and verified.
Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

The SpendHound customer success team is second to none. They're extremely responsive and are always on top of contract renewals. The product itself is a work-in-progress, but the renewal reminders and the dashboard are very helpful. Their vendor playbooks are also helpful in negotiating with vendors. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

The product is pretty new and is still a work-in-progress, but it has a lot of potential. Their product team is receptive to feedback and it seems that they have a lot of new features in their roadmap. Review collected by and hosted on G2.com.

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

It provides a central location to track all of my team's vendor contracts and renewal dates. This currently lives in Google Drive and Sheets and I have to regularly check my sheet to see any upcoming renewals. SpendHound is also very helpful in negotiating contracts with vendors. Review collected by and hosted on G2.com.

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

Finance/Accounting person here!

File management and renewal management has never been better for us!! Implementation was a breeze with our head of IT connecting Okta/Google and myself connecting Netsuite/QBO. SpendHound has kept spend owners (and me!) accountable for their team's respsective softwares and renewals. We've moved away from digging into our inboxes and having contracts stored in our Drive (with only CEO and Finance vis, not visible to spend owners that should have have vis). We are very hands-on with our software renewals now given a platform that has renewal dates/auto-renews/contracts/SOWs/spend owners/department tags/etc. all in one place. We have already seen savings from catching auto-renewal contracts before we're SOL. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

Nothing so far, the platform has been easy to use. Review collected by and hosted on G2.com.

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

Vendor contract renewals - we're eliminating waste. Review collected by and hosted on G2.com.

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

consolidated view of the tech stack and spend. visibility into upcoming renewals. great support from renewals team who provide insights to help with contract negotiations. very easy set up process. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

product team is slowly developing the platform. very basic today. Review collected by and hosted on G2.com.

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

visibility into upcoming renewals. we didn't have that before and would get clobbered at negotiation time. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Automated data pulling, which allows us to not only see rolling totals and dates, but discover all apps we are paying for, including misc apps people will sign up for, without notifying IT. Automated noticed to app owners. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

If this is going to be our source of truth/ repo for renewals and reporting, then I think we need more columns and reporting.

Right now if I log-in, there is no way for me to know if a renewal is in progress or not (aside from someone opening a ticket in IT Jira desk), a column for this would be nice with diff statuses (open, in progress, blocked, done, etc).

Accounting team usually also wants quarterly and annual reports on savings, costs, etc. Review collected by and hosted on G2.com.

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

Centralization and automation of all apps we manage. Review collected by and hosted on G2.com.

Response from Sreesh Reddy of SpendHound

Thank you for your feedback on SpendHound! We're currently working on adding custom fields and better reporting to the platform, so that should address your main concerns around tracking in-progress renewals and giving your accounting team recurring reports on spend. If you want more specifics on the exact timeline for the rollout of these features, feel free to email me at sreeshr@yipitdata.com!

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

SpendHound is a FREE. You get access to a procurement expert to guide negotiations. A view into your usage via an Okta integration. Spend tracking all in one spot. Customer support is amazing. Super easy to get off the ground, they run the integrations for you. Couldn't recommend more. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

Nothing so far, we have enjoyed the service so far. Hard to complain when its free. Review collected by and hosted on G2.com.

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

It is giving us visability into our app usage which helps with our renewal negotiations. It also gets all of our spend and invoicing in one spot. Contract start and end dates are key. Review collected by and hosted on G2.com.

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.

Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Spendhound provides me with a one-stop shop to track spending year over year, and stores my contracts and agreements to let me know when I have an upcoming renewal to renegotiate or cancel. Their customer success team is very hands-on and helpful in administering the bulk of the categorization and notification processes that would otherwise eat up a lot of my time. Super easy to implement and integrate with Quickbooks, and they help you all the way through the process. Always impressed with their willingness to help and accept feedback. They also provide advice on SaaS procurement and contract negotiation, which is always helpful. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

As the product is rather new, there are features that could be desired, such as more granular spending information, or visualized data showing your spending trends. While the platform is great for taking a wider glance at individual accounts and services, seeing that data accumulated in graphs or charts would be excellent for reporting purposes, as it would help highlight areas for better cost control across a business. Review collected by and hosted on G2.com.

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

As an IT leader at my company, and thus a manager of a cost center, I don't have (or need) all the visibility across our financial tools, but Spendhound allows me to track my own departmental spend on SaaS services and subscriptions without having to rely heavily on our accounting teams. It's super helpful for me to be preemptive about budgeting, and allows me to report actual values to fellow business leaders. Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

The platform is equal to or better than paid services like Vendr and Tropic, but at no cost.

Also onboarding was super simple....connect your systems automatically, and the Spendhound tech and team does the rest. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

Nothing identified at this stage. It's free and definitely worth more than free Review collected by and hosted on G2.com.

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

Spendhound helps us stay ahead of our SaaS renewals and provides valuable benchmark information for us to negotiate renewals Review collected by and hosted on G2.com.

Pavel D.
PD
CEO
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about SpendHound?

As a software agency, we're using dozens of SaaS tools, and keeping an eye on our subscription costs has been a struggle for a while. We've been using spreadsheets until we discovered SpendHound, and here is why I like it so far:

- Setting it up was just a couple of clicks. It connected to our QBO and pulled all the necessary data from there

- Now, we have a single source of truth regarding SaaS expenses, which updates automatically

- Subscription ownership is a nice concept that has already saved us some $$$

- Renewal reminders are a big thing too

SpendHound seems to be developing rapidly and their customer service is very responsive Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

I haven't thought of any downsides to using SpendHound. It's good for our use case Review collected by and hosted on G2.com.

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

It gives us insight into our SaaS expenses and helps us save $$$ on subscriptions costs Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHound?

Spendhound is helpful in 2 ways, first their base product which allows us to organize our contracts and see what renewals are coming up easily is something we did not have before. We could of course do this internally, but the effort would have been larger and more annoying to manage. Second the customer service team is extremely responsive and helpful, going as far as to remind us when renewals are coming up. This allows us to not use a portion of our time managing this but rather have spendhound assist us, it increases my own mental capacity as I do not have to think about what spendhound is managing. Review collected by and hosted on G2.com.

What do you dislike about SpendHound?

The downsides of using spendhound are that in an organization that is already set up, and no as organized as I would like is that it is an effort to gather up and track down all the contracts, put in details etc. This effort is eventually rewarded with more organization long term.

Essentially sometimes startup cost can be larger. Review collected by and hosted on G2.com.

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

Organization of contracts. Previously contracts and ownership of vendors was spread among 2-3 people, now it is managed in one place. Review collected by and hosted on G2.com.