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SpendHQ Reviews & Product Details

Verified User in Banking
EB
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about SpendHQ?

Its easy to use. Its easy to set up and the price was right. The implementation team was also very good. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

Its a powerful engine so lots to unpack. I just started to use this month so will likely take me several months to unlock all the features. Review collected by and hosted on G2.com.

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

Spend data enhancement allows me to pull spend by supplier and by cost center so i can see who is spending what with my major suppliers. I also signed up for the supplier diversity scrub which was very helpful. Review collected by and hosted on G2.com.

SpendHQ Overview

What is SpendHQ?

SpendHQ is the leading best-in-class provider of enterprise Spend Intelligence and Procurement Performance Management solutions. These products fill a critical strategic management gap in the solution landscape, by producing actionable spend insights that drive new initiatives, goals, and clear measurement of Procurement’s overall value to the business. Backed by nearly 20 years of procurement expertise, SpendHQ’s solutions give businesses the rapid, accurate spend intelligence and performance optimization needed to drive better financial and non-financial outcomes, advance procurement maturity, and demonstrate impact with data. SpendHQ has been recognized as an industry leader by Spend Matters’ SolutionMap, Ardent Partners’ Key Solution Providers, and Procurement Leaders’ World Procurement Awards, as well as a metro-Atlanta top workplace.

SpendHQ Details
Product Website
Languages Supported
English
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Product Description

SpendHQ is a spend analysis software designed to provide rapid, accurate and detailed visibility into spend data.

How do you position yourself against your competitors?

SpendHQ is the world leader in best of breed spend analysis with nearly $5T in spend managed and nearly 300 global clients. Our solution leverages data from thousands of real sourcing projects, category management expertise, benchmark sourcing data and cost reduction projections, and customizable reporting for management reporting and KPI tracking.


Seller Details
Seller
SpendHQ
Company Website
Year Founded
2012
HQ Location
Atlanta, GA
Twitter
@SpendHQ
322 Twitter followers
LinkedIn® Page
www.linkedin.com
130 employees on LinkedIn®
Description

SpendHQ is a leading spend analytics platform that helps organizations optimize their procurement processes by providing comprehensive insights into spending patterns. With its user-friendly interface and advanced analytics capabilities, SpendHQ enables businesses to identify cost-saving opportunities, enhance supplier management, and improve overall financial performance. The platform supports data integration from various sources, allowing companies to make informed decisions based on real-time data. For more information, visit their website at https://www.spendhq.com.


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Recent SpendHQ Reviews

FR
Fiona R.Enterprise (> 1000 emp.)
5.0 out of 5
"Great Visuals & Easy to Use"
It is easy to see dats in multiple formats, including raw data and easy to filter charts. Data refresh time is fast and accurate. It appears to be...
Verified User
A
Verified UserEnterprise (> 1000 emp.)
4.5 out of 5
"Positive review for SHQ"
Being able to filter our data at the drop of a hat. Our data set is entirely too large for excel and many of our users are unaware of how to use si...
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"SpendHQ Adds Significant Value to Savings Efforts"
Customizable categorizations drive insight to category management efforts specific to our organization. Watching trends in spend categories over t...
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SpendHQ Media

SpendHQ Demo - Spend Intelligence - Insights
Insights
SpendHQ Demo - Spend Intelligence -  Supplier Overview
Supplier Overview
SpendHQ Demo - Spend Intelligence - Greenhouse Gas
Greenhouse Gas
SpendHQ Demo - Procurement Performance Management - Project Pipeline
Project Pipeline
SpendHQ Demo - Procurement Performance Management - Savings by Savings Type Dashboard
Savings by Savings Type Dashboard
SpendHQ Demo - Procurement Performance Management - Team Planning
Team Planning
Play SpendHQ Video

Official Downloads

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27 out of 28 Total Reviews for SpendHQ

4.6 out of 5
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27 out of 28 Total Reviews for SpendHQ
4.6 out of 5
27 out of 28 Total Reviews for SpendHQ
4.6 out of 5

SpendHQ 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 SpendHQQuestion

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.
FR
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about SpendHQ?

It is easy to see dats in multiple formats, including raw data and easy to filter charts.

Data refresh time is fast and accurate. It appears to be faster and more flexible than others. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

There are lots of feeds that we have to manage and send to SpendHQ. It would be good to automate this more regularly so the data volume is not so large at one transfer. Review collected by and hosted on G2.com.

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

SpendHQ helps us to quickly see our spend by location, business, supplier, type of spend etc. It gives us one place to see all our data for all spend over an extensive period. Review collected by and hosted on G2.com.

Verified User in Apparel & Fashion
AA
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpendHQ?

Being able to filter our data at the drop of a hat. Our data set is entirely too large for excel and many of our users are unaware of how to use similar desktop tools. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

Unable to see all details of a supplier on the suppliers "landing page" i.e. supplier ID. Review collected by and hosted on G2.com.

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

Looking at our spend on a category level to assist in managing our vendors Review collected by and hosted on G2.com.

Response from Cara Debkowski of SpendHQ

Thank you for reviewing SpendHQ! Your feedback is highly appreciated, and we will certainly take into consideration your feedback on supplier details.

Verified User in Staffing and Recruiting
AS
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about SpendHQ?

Customizable categorizations drive insight to category management efforts specific to our organization. Watching trends in spend categories over time allow my team to identify significant changes, leverage growth, and optimize cost management work for the best results. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

Our internal data requires some manual effort on the front end to ensure the upload to SpendHQ is clean and provides actionable insights. For the most part, that is an internal challenge we need to address and our recent ERP implementation will help tremendously with that work. We anticipate Cost center level data from SpendHQ will point our team to areas of opportunity more quickly and allow us to identify critical stakeholders for decision-making. Review collected by and hosted on G2.com.

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

SpendHQ provides consolidates our spend information across multiple, nearly independent entities. We are able to see a broader picture of our spend and maximize leverage as the corporate organization enters contracts, collaborates on software solutions across, and works to rationalize spend. Review collected by and hosted on G2.com.

Manju S.
MS
Data Labeling Specialist
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about SpendHQ?

the system is designed in a very elaborate way. One can see the deals in pipeline, more opportunities and deals in negotiations. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

I have not been using it very long to dislike anything yet Review collected by and hosted on G2.com.

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

The process of procuring things and people was difficult and had too many people involved which was messy but this has streamlined it. Review collected by and hosted on G2.com.

Matt M.
MM
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about SpendHQ?

The ability to quickly consolidate raw, unstructured data from multiple sources for rapid analysis and click-through reporting. This makes for an extremely compelling speed-to-value business case. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

I wish they would spend more time enhancing the user experience for the more simple, casual user within procurement. Not everyone lives and breathes spend analysis all day so having a simpler UI for some basic use cases would likely drive more internal adoption. Review collected by and hosted on G2.com.

Recommendations to others considering SpendHQ:

The success of any spend analysis relies almost exclusively on the quality and totality of your data. Review collected by and hosted on G2.com.

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

Lack of visibility is the primary problem we solved for. This also helped us consolidate several areas of indirect spend and create some leverage with our key suppliers. Review collected by and hosted on G2.com.

Verified User in Computer Software
CC
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about SpendHQ?

Highly configurable, affordable and offers a quick ROI. For those with messy data and no unified system, Spend HQ is genuinely essential to your Enterprise if you wish to deliver real procurement insight. This is a team that can be truly depended upon as the best in the business. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

Smaller firms may struggle to truly gain value from the full capability of the solution. Review collected by and hosted on G2.com.

Recommendations to others considering SpendHQ:

Check out Spend Matters Solution Map and you can see they are market-leaders. Review collected by and hosted on G2.com.

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

Spend data can be in separated data silos with infrequent updates, messy categorisation, e.g. the same supplier being entered 9 different ways in the ERP! Spend HQ can sit on top of that mess, use logic to convert it into meaningful insight that works not only as a one-off but from that moment onwards with the AI and learning to consistently clean up the bad data. Review collected by and hosted on G2.com.

Raphael T.
RT
Chair of Project Management Council Boral North America
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHQ?

The implementation was well planned. From the start their team helped us collect, normalize and categorize our data from multiple sources. Everything was then automated; making refreshes a cinch. Beyond that, the platform works great, they're all about providing value-adds and the team is responsive, professional and easy to work with. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

There's nothing I particularly dislike about their platform, but a disadvantage is that their platform doesn't seamlessly integrate into an end to end source-pay system like some other platforms do. Review collected by and hosted on G2.com.

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

Currently, they are helping us to improve data categorization accuracy and build category strategy dashboards for the purposes of identifying additional savings and tracking compliance. Review collected by and hosted on G2.com.

Taylor D.
TD
Procurement Analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHQ?

SpendHQ takes data across multiple systems and outputs it in a very digestible way. There UI is easy to use and presents the data in unique categories, charts, and customizable dashboards. We have loved working with or AM and the analysts who assist with quarterly refreshes as well. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

With the option to customize the dashboards, it can get a bit complex on your own. Luckily, our AM was very helpful and willing to jump on a call to walk us through how to set up what we needed! Review collected by and hosted on G2.com.

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

Because we can see spend broken out by categories, we are able to put together a category strategy and dig deeper. Review collected by and hosted on G2.com.

Lilia R.
LR
Senior Analyst, Strategic Sourcing & Procurement
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHQ?

The new analytics dashboard is very easy to use and allows you to keep track of changes in the spend, overall, and in specific areas. Customer service is always amazing. Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

It will be useful to have more ways to play with the graphs and the way that you export the dashboards Review collected by and hosted on G2.com.

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

It's really useful to analyze spend across the company, resolving the problem of capturing the spend in one location regardless of the resource where the spend was captured. Review collected by and hosted on G2.com.

Verified User in Staffing and Recruiting
US
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SpendHQ?

Spend HQ is a user friendly spend analytics tool. They customize their features to fit the need of the business and guide you through how to navigate the tool (it is easily able to be self taught as well). I like that this is an easy platform to log onto and visually see the spend of the business. Customizable dashboards are great! Review collected by and hosted on G2.com.

What do you dislike about SpendHQ?

The one thing I would prefer is to have the same analyst assigned to assist with our quarterly refreshes each time. Just a personal preference to get a repeat person who is familiar with the business and exact data. Review collected by and hosted on G2.com.

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

Spend HQ allows me to accurately turn over data that is requested for a short deadline. We no longer have to filter through multiple stakeholders to turn over accurate numbers. Review collected by and hosted on G2.com.