SpendHQ Pros and Cons

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.

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.

Good job of improving from version 1.0 to version 2.0. It's the single Source of Truth for our spend data. Customer service and dashboards provide great functionality. Review collected by and hosted on G2.com.

It would be nice to have one analyst assigned to our account instead of the three we have had. Review collected by and hosted on G2.com.

The platforms gives my sourcing leaders direction on where we have the largest opportunity for impact. To understand the sub-categories that may have to many suppliers or where the spend is not being managed or even where a trend with a supplier has variation. Review collected by and hosted on G2.com.

The time it takes at the end of a period prior to reporting being available. Review collected by and hosted on G2.com.

SpendHQ is a "Best in Class" spend analytics tool. It is customized specifically for your business, and only took 4 weeks to implement. Together we executed multiple stakeholder reviews to further validate the categorization in the tool. The team has expertise in procurement and leverages this knowledge to continue to improve the technology. Review collected by and hosted on G2.com.

The solution as it stands today is focused on Spend Analytics, so some of the other sourcing tools (ex. Contract Management) are not supported. However, SpendHQ has clearly laid out the roadmap over the next 24 months that close these gaps. They continue to raise the bar for Spend Analytics. Review collected by and hosted on G2.com.

The new platform is faster and more customizable than before. I can run all kinds of reports by vendor, GL, department, and location. Those reports are not just to export the data but to create customized dashboards to share with team members and create graphs within the online platform.

The compliance module allows you find real opportunities within your business and build reports and dashboards to share with senior leadership on how your sourcing programs are going. There's a lot of tools that you can take advantage of and two months in we're still learning the bells and whistles Review collected by and hosted on G2.com.

It's almost too customizable so you have to set aside some time to learn the platform and build your dashboards for the less tech savvy members of the team. As of the time of this review it doesn't support Microsoft explorer Review collected by and hosted on G2.com.

SpendHQ is easy to use and allows us visibility into our spend and spend trends in an understandable format. Review collected by and hosted on G2.com.

SpendHQ could do a better job of making it understandable for the average user why they would care about particular metrics within the tool. SpendHQ could do a better job of explaining why these are important to the user.

SpendHQ could make the platform even more intuitive (especially how to pull up the transactional detail). Review collected by and hosted on G2.com.

SpendHQ makes viewing your spend extremely easy and transparent. Review collected by and hosted on G2.com.

The only downside to SpendHQ is not being able to self classify vendors and having to go through a data refresh in order to ensure data is accurate. Review collected by and hosted on G2.com.

First off, the SpendHQ team has been very responsive to our needs and request. They are proactive about seeking feedback whenever possible and are great about helping us stay on track whether it be data refreshes or any requested training on the platform. Secondly, the tool especially with the updated platform has been really easy to navigate. It is more intuitive and more flexible to allow us to create the views that we would like to see. The ability of the platform to handle such massive amounts of data and generate reports at a rapid pace has been a life saver in many instances especially last minute request that may come up. Review collected by and hosted on G2.com.

Honestly there is not any complaints that I can personally think of. Review collected by and hosted on G2.com.

Spend HQ 2.0 is a best-in-class spend analytics tool that is easy to use, has excellent reporting capability, an enhanced analytics module, preferred supplier / category management functionality, and improved data visualization. Review collected by and hosted on G2.com.

Continue to develop the diversity spend capability. Review collected by and hosted on G2.com.

The implementation was quick and efficient Review collected by and hosted on G2.com.

The online training modules could be better and provide more details on how to fully utilize the system's capabilities. Review collected by and hosted on G2.com.