Often before reaching out to speak with a solution provider, Procurement teams are doing their own research about solution options to address their current challenges and usher in new innovation and digitalization. One highly valuable resource available to them is the expert analyst team at Spend Matters, who have been covering the procurement and finance technology landscape for more than a decade.
In just the past two months, Spend Matters has published its annual “50 Providers to Know” list and its bi-annual SolutionMap ranking of 74 procuretech providers in 10 solution categories. Per Angusta and SpendHQ – which announced our merger in July 2022 as Spend Matters were still compiling their analyses on these studies – were both named among the 50 Providers to Know for our solutions in Procurement Performance Management and Spend Intelligence.
We’re extremely pleased to share that in Spend Matter’s fall 2022 SolutionMap for spend analytics offerings, SpendHQ has risen to the top “value leader” quadrant for three organization types: Large multinationals (over $1 billion in annual revenue); Upper mid-market ($100 million to $1 billion in revenue); and small to mid-sized enterprises (less than $100 million).
While 19 other spend analytics providers were evaluated for the category, the value leader quadrant includes vendors who rank high on both analyst and customer scores.
This is extremely validating, because large and multinational companies have made up the majority of SpendHQ’s 350+ clients over the years, as is also the case with Per Angusta’s customers using our PPM platform.
We’re now working on tighter integration between the SpendHQ Spend Intelligence platform and the Per Angusta Procurement Performance Management platform. The combination provides even more innovation for customers who want to realize the value of rapidly turning emerging spend insights into new procurement initiatives, improve savings and non-financial performance, and continuously optimize their planning-to-execution cycle.
“The combination with SpendHQ unlocks the potential to create a market-defining solution. This union will accelerate our ability to use data to bring Procurement closer to Finance and the C-suite, and ultimately elevate the role of Procurement.“
Pierre Laprée, Chief Product Officer of SpendHQ – Per Angusta.
To learn more about Spend Matters’ SolutionMap methodology and how procurement teams can access the details behind the rankings, please visit Spend Matters: https://spendmatters.com/solutionmap/.
We invite you to see a 30-minute custom walk through of either or both the Spend Intelligence or PPM products and how we might be a value leader for your organization – especially as procurement faces ongoing cost-savings and supplier negotiation pressures.