SpendHQ Surpasses $10 Trillion in Spend Analyzed, Supercharging its AI-Driven Procurement Intelligence Platform

August 05, 2025 at 09:00 AM EDT

Q2 milestone highlights platform’s scale, impact, and momentum as company doubles down on innovation, leadership growth, and procurement excellence

SpendHQ, the leading provider of enterprise procurement intelligence solutions, today announced it has surpassed $10 trillion in spend analyzed across its platform—a milestone that underscores the scale, trust, and impact the company brings to procurement teams worldwide. This vast volume of data powers more accurate AI, deeper insights, and faster decision-making for some of the world’s most complex organizations.

Product Innovation

SpendHQ’s Q2 product enhancements focus on enhancing the user experience by removing friction and enabling more granular analysis across the platform. By connecting analytics, operations, and governance into one cohesive, user-driven experience, clients now have more flexibility to orchestrate different teams, habits, and requirements, while keeping the same data discipline and improving visibility across both spend and performance.

New product functionality includes:

- Unified Navigation Experience: A redesigned, synchronized user interface featuring the new Mixed SideNav, enabling seamless navigation between analytics and performance workflows.

- Dynamic Forms for Project Management: Smart, conditional project forms that adapt in real time to user inputs, delivering faster setup and greater customization.

- Line-Level Approvals: Currently in beta testing, this feature provides enhanced validation workflows at the allocation level, empowering finance and procurement teams with granular control.

- Early Access to Data Transparency Tools: The early access program for Spend Explorer and Rules Manager fundamentally changes how our clients interact with their data, reducing operational costs, improving financial predictability, and boosting efficiency.

SpendHQ Wins Silver for Innovation at the 2025 Trophées des Achats

SpendHQ was recognized with the Silver Medal in the Innovative Suppliers category at the 2025 Trophées des Achats, a prestigious French event honoring the most impactful and forward-thinking procurement initiatives.

This year’s competition saw more than 80 submissions across four categories. Finalists were selected and evaluated by a distinguished jury of Chief Procurement Officers from leading organizations.

This award underscores SpendHQ’s commitment to delivering innovation that empowers procurement leaders with clarity, control, and measurable impact. SpendHQ earned praise for its ability to unify procurement strategy and execution through its data-driven platform. By transforming complex spend data into actionable intelligence, SpendHQ helps procurement teams accelerate performance and make smarter, faster decisions.

As one jury member noted: “In our profession, we've always aspired to reconcile short-term challenges with long-term goals to be able to operationalize strategy. SpendHQ platform gives the procurement organizations the ability to truly align both.”

Business Momentum and Strategic Growth

Fueled by continued market expansion and a growing global footprint, SpendHQ is building on its momentum with key leadership appointments and workplace recognition.

Morgan Power appointed Chief Financial Officer – Power brings over a decade of experience in private equity‑backed SaaS finance leadership to her role with SpendHQ to drive global financial strategy, streamline systems, and support the company’s ambitious growth plans.

Atlanta Best and Brightest Companies to Work For 2025

SpendHQ was named one of Atlanta’s Best and Brightest Companies to Work For in 2025, recognizing its standout performance in employee engagement and organizational excellence. The award honors companies with innovative HR practices and exceptional workplace cultures. Winners are rigorously evaluated across categories like compensation, wellness, leadership, inclusion, and community impact.

“Building a best-in-class company starts with building a best-in-class team,” said Scott Macfee, CEO of SpendHQ. “This recognition is a direct reflection of the incredible people who drive our culture every day—collaborative, curious, and committed to making an impact. We’re proud to be named one of Atlanta’s Best and Brightest, and even more proud of the team that made it possible.”

About SpendHQ

SpendHQ empowers procurement leaders at complex organizations to make important decisions with confidence by providing a single source of truth for spend data, project tracking, and performance management. By integrating the full procurement workflow – from reliable spend and supplier data in Spend Intelligence to real-time project tracking in Performance Management – teams can easily execute strategy and deliver on their goals related to cost savings, ESG, risk reduction, compliance, and more. Over 500 global organizations rely on SpendHQ’s platform for visibility, workflow organization, and out-of-the-box reporting capabilities needed to accelerate procurement’s impact – all in one intuitive interface. Learn more at spendhq.com.