SpendHQ has two primary components. The first is a procurement project management module (PPM), which allows procurement teams to track all of their projects (e.g., renewals, contract negotiations, RFPs, etc.) and the associated savings of those initiatives. The second is a spend analytics solution called Spend Intelligence (SI) that enables Procurement teams to analyze spend across the entire organization, including PO spend, non-PO spend, and credit card spend. You can buy each module separately or together. Our company has both PPM and SI, and they are used almost daily by the sourcing team. The PPM module allows me to track utilization across the team and adjust as necessary and it delivers excellent reporting from a savings perspective. The interface is intuitive and easy to use. The implementation of PPM was about 8 weeks and SI took a little longer because the data integration effort was complex due to the different data sources that needed to be pulled in. The account support from SpendHQ has been very good. In the few instances where we have needed support, their team has been responsive and issues are usually solved quickly. Review collected by and hosted on G2.com.
There is nothing specifically that I dislike about SpendHQ. I think they should roll out new AI functionality more quickly, as it would increase the value of their solution and help decrease some of the admin work associated with using it. Review collected by and hosted on G2.com.
