SpendHQ 2026: Benefits, Features & Pricing

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Overview
Pricing and Plans
Features
User Reviews

Overview

SpendHQ

4.2

(10)

Pricing

Pricing available upon request

About SpendHQ

SpendHQ is a cloud-based spend analysis and management solution that lets users analyze spending, handle data, and more from a unified platform. The tool offers a tech-driven solution for handling data challenges, allowing users to focus on discovering insights and benchmarks.

SpendHQ helps users meet their targets for cost savings, compliance, risk reduction, and other non-financial performance goals. Some key features of SpendHQ include vision, action, measurement, savings roadmaps, ESG and non-financial performance tracking.

SpendHQ Screenshots

SpendHQ Pricing and Plans

Starting price: $40,000.00

Free Trial

Free Version

Basic

$40,000.00

per feature

No plan information available

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SpendHQ Features

Popular features found in Procurement
Budgeting/Forecasting
Catalog Management
Contract/License Management
Inventory Management
Invoice Processing
Purchase Order Management
Sourcing Management
Spend Management
Vendor Management
More features of SpendHQ
API
Procurement Management
Spend Analysis

SpendHQ User Reviews

Overall Rating

4.2

Ratings Breakdown

50%

30%

10%

Secondary Ratings

Ease of Use

4.2

Value for money

4.0

Customer support

4.3

Functionality

4.0

Have you used SpendHQ and would like to share your experience with others?

Verified

Reviewer

Management Consulting

501-1000 employees

Used other for less than 6 months

Review source

Reviewed August 2021

Does the job, but can improve UI

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Ability to bring together spend and show it across multiple dimensions. Customizability in terms of categorization and grouping

Cons:

UI. Looks outdated and boring. Better visuals would help in increasing adoption

Jake R.

Verified reviewer

Retail

10000+ employees

Used daily for less than 2 years

Review source

Reviewed August 2022

Great product with great features

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The data visualizations within the tool are a huge help when determining where to focus our efforts. I specifically enjoy the categories page as a quick visualization of current state. The ability to drill down quickly from the category level to the individual supplier level detail has been instrumental in our supplier strategy development.

Cons:

Developing custom reports and dashboards does take additional education and practice. The user interface around this space continues to get updates and improvements and has become easier to use. The SpendHQ team really listens to the feedback from the power users and is rapidly advancing any deficits the tool has today.

Vendor Response

Thank you for your submission. We're pleased you like the SpendHQ solution. To continuing improving your skills on developing custom dashboards, please join our monthly (Live) Advanced Analytics module training session, register at: https://web.spendhq.com/client-training-schedule. We're continuously adding new features and functionality to SpendHQ, to learn more about what we'll be rolling out in the future please join our quarterly Customer Advisory Board sessions. Email clientsuccess@spendhq.com to join!

Replied August 2022

Kaitlin M.

Verified reviewer

Retail

5001-10000 employees

Used daily for less than 12 months

Review source

Reviewed March 2022

Spend HQ Review

Tool could have more features to be more helpful with category management and tier 2 reporting but I think we are having issues even with the basics

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

In the 8 months that I've worked with the software, I felt that the ease of use was on the high end of the spectrum and fairly quickly adapted and utilized the dashboards that my team set up.

Cons:

I've had issues with the data accuracy from spend hq side (changing data from quarter to quarter), system being down multiple times in the same day and no notifications at times, and no accountability- supplier io information feed incorrect and spend hq not owning up to it. Customer service has been subpar too.

Vendor Response

Thank you for your feedback, Kaitlin. We're glad that you find the tool easy to use and that you were able to quickly customize the analytics dashboards set up by your team. Please note that if you are concerned about any changes to your data quarter over quarter, it's best to validate with the Account Administrators on your team that they've not assigned any Power Filters to your profile or approved any re-categorization or re-normalization requests that might affect the categories you manage. If you continue to have concerns with the data or system access, please don't hesitate to submit an inquiry via email to our (newly expanded) SpendHQ Support team at helpdesk@spendhq.com. We'd also love your feedback on what additional category management functionality might be useful for you. Please reach out to your Client Success Manager directly or send a note to ClientSuccess@spendhq.com to book a session with our Product team so that we can gather your product enhancement requests.

Replied July 2022

Lisa J.

Verified reviewer

Logistics and Supply Chain

1001-5000 employees

Used daily for less than 12 months

Review source

Reviewed March 2022

Supplier Sourcing Management Made Easy Using Spend HQ

Managing Supplier Agreements in one place and as a Main Admin User I am able to promptly provide documents to our company team members without having to reach out to our Supplier Account Rep for a copy. This helps our buyers negotiate new renewal terms and discounts to save the company money.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The software provides "AT A GLANCE" ability to view Supplier Agreements and Terms all in one place and takes away the limited access we once had because our Contracts were held by each Requestor/Buyer and there was no one managed location to review the Supplier Status. And able to add Buyer email expiration notices to buyers that are not a licensed user.

Cons:

Needs a place to include in the Documents Module a place for Supplier Account Reps Name, Email, Ph#. Also to include a place to keep the Accounting Cost Center # and ability to have more room in the NOTES section. 200 characters is good but 250 would be better.

Vendor Response

Thank you for your feedback, Lisa! We're so glad you like the SpendHQ Documents module for managing your supplier agreements. We'll add your notes to an Enhancement Request for the Product Team to review!

Replied March 2022

Greg O.

Verified reviewer

Packaging and Containers

1001-5000 employees

Used weekly for less than 2 years

Review source

Reviewed March 2022

I'm not writing a review

It's better than nothing; which is my alternative.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Spend visibility

Cons:

Categories drift and you have to stay after it. For instance, yesterday I found a Temp Staffing agency with $560K spend that wasn't in the staffing category.

Vendor Response

Any feedback is helpful feedback, Greg! Thank you for your insight. While we do offer the ability for SpendHQ users to conduct recategorization and renormalization activities via self-service tools in the platform, we're always happy to assist if you observe any anomalies in your data. I recommend submitting a technical assistance request via the SpendHQ platform so that our data intelligence team can ensure that there are no tags, or post-categorization mappings, occurring in your data that may now be outdated. We look forward to ensuring that your data is accurate as possible.

Replied March 2022

Michael O.

Verified reviewer

Banking

1001-5000 employees

Used daily for less than 6 months

Review source

Reviewed September 2022

Recommend buying SpendHQ for any procurement professional

Excellent, have already begun sharing with my peers in industry.

Ratings Breakdown

Ease of use

Customer support

Functionality

Pros:

Easy to buy and to implement; great value; powerful spend analytic tool; great insights quickly; literally three clicks.

Cons:

Too many functions to master quickly; its going to take some time to unlock all its potential

Reasons for choosing SpendHQ

Price, speed to implement, capabilities.

Vendor Response

Michael - Thank you so much for your feedback on our platform, it's highly appreciated! We recommend continuing to leverage your SpendHQ customer success representative to drive more value from all of the great SpendHQ features. Thanks again! - SpendHQ

Replied October 2022

Sandeep C.

Verified reviewer

Retail

10000+ employees

Used monthly for less than 2 years

Review source

Reviewed February 2022

Excellent Spend Management and Analytics solution at a competitive price

Used SpendHQ to analyze spend and create savings/opportunities roadmap.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Completeness and flexibility of Spend analysis and data import features

Cons:

Need more features for contract life cycle management

Reasons for choosing SpendHQ

Functionality and pricing

Vendor Response

Thank you for your feedback, Sandeep! We're happy to hear that SpendHQ is providing value to your procurement organization. We'd love the opportunity to show you our SpendHQ Documents Management module which may address your contract lifecycle management needs! To learn more, please visit: https://www.spendhq.com/spend-analysis-solution-archive/document-management/, or contact our Client Success team at ClientSuccess@spendhq.com.

Replied March 2022

Jim O.

Verified reviewer

Mining & Metals

1001-5000 employees

Used monthly for less than 2 years

Review source

Reviewed March 2022

Good visibility to spend

Ratings Breakdown

Ease of use

Functionality

Pros:

Can customize for your needs for dashboards

Cons:

There is a lot of cleanup that needs to happen after implementation to ensure proper categorization.

Vendor Response

Thank you for your feedback, Jim. We're glad to hear that the spend analysis dashboards and visualizations in SpendHQ are meeting your needs. We recognize that spend volumes and suppliers will inevitably change over time and we appreciate your ongoing collaboration with our data teams to ensure that your data is categorized correctly. You may be interested to know that we now offer the ability for SpendHQ users to conduct recategorization and renormalization activities via self-service tools in the platform. To learn more, please visit: https://www.spendhq.com/self-service-capabilities/.

Replied March 2022

Nick D.

Verified reviewer

Computer Software

11-50 employees

Used monthly for less than 2 years

Review source

Reviewed April 2021

Spend Analytics with deep insight and Enterprise-ready

Great leadership team, clear direction and clearly sitting at the top of their market segment.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Spend HQ has been built by sourcing and procurement professionals who really are subject-matter experts in this domain. This means you get access to world-class tech and a team that will make you successful right from the get-go. Their pedigree speaks for itself in working for some of the world's largest and most successful companies.

Cons:

It would be interesting to see whether there is a more mid-market solution that can be offered that has a lighter set of functionality and lower entry fee for those that don't need such a capable engine & service.

Todd W.

Verified reviewer

Defense & Space

201-500 employees

Used monthly for less than 2 years

Review source

Reviewed March 2022

overview

Spend tracking, supplier adoption/compliance

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Ease of use . . . . . . . . ...........

Cons:

The layout is a bit busy or cluttered ..

Vendor Response

Thank you for your feedback, Todd! We're glad that you find the tool easy to use. Did you know that you can select "favorite" visualizations that you commonly use in SpendHQ? This might help reduce some of the many options in your view. Send us a quick note at ClientSuccess@spendhq.com to learn how to customize your view!

Replied March 2022

Showing 1 - 10 of 10 Reviews