SpendHQ Kicks Off 2025 with Record Growth, Breakthrough Product Innovation, and 32% YoY Increase in User Growth

April 29, 2025 at 09:00 AM EDT

Enhanced Risk Intelligence Capabilities Help Procurement Turn Geopolitical Volatility into Strategic Supplier Planning

SpendHQ, the leading provider of enterprise procurement intelligence solutions, today announced a strong start to the year with major milestones across business growth, product development, and customer success. With an emphasis on helping procurement address current business challenges such as tariffs, cyber and financial risk, and supply chain complexity, SpendHQ continues to demonstrate its leadership in turning data into value for procurement teams at the world’s largest and most complex organizations.

Business Momentum and Strategic Growth

SpendHQ kicked off 2025 with record-breaking momentum, continuing its rapid, disciplined growth and strengthening its position as a leading AI-driven enterprise SaaS provider.

Onboarded a record number of enterprise clients, launching 46 new enterprise clients over the past two quarters, reflecting strong market demand and SpendHQ’s growing influence in procurement transformation.
Turned data into highly strategic action, with SpendHQ customers using the platform to manage over 47,000 projects and save approximately $5.1 billion.
Deepened presence in the Fortune 100, with four new Fortune 500 client deployments, expanding the total customer base to more than 28 Fortune 500 companies, including 13 from the Fortune 100.
Invested in innovation, increasing the engineering team size by nearly 50% to accelerate product development across Spend Intelligence and Performance Management, with a strategic focus on AI-driven capabilities.

“Our strong Q1 performance is reflected in our growing list of new customers, as well as the continued expansion within our existing customer base,” said Scott Macfee, CEO at SpendHQ. “More than 200 of our valued customers renewed or expanded their SpendHQ solutions in Q1, reinforcing the strength of our partnerships and our role in supporting their digital transformation journeys. I’m incredibly proud of our team for consistently delivering measurable value and earning our customers’ trust year after year.”

Product Innovation

In Q1 2025, SpendHQ delivered a series of powerful enhancements across its Spend Intelligence and Performance Management solutions, reinforcing its commitment to helping procurement leaders drive smarter, faster, and more resilient decision-making. These advancements, which are designed to provide real-time insights, streamline execution, and mitigate supplier risk within a unified platform, include:

Proactive Supplier Risk Management – SpendHQ launched a new Supplier Risk Management solution to help organizations stay ahead of supply chain disruptions. By continuously monitoring supplier risk across financial, geopolitical, and operational factors, this solution empowers procurement teams to take timely, data-driven action. The launch was supported by a Supplier Risk Masterclass Series, equipping professionals with practical strategies to elevate their risk management practices.
Integrated Intake Management for Smarter Execution – New Intake Management tools offer a centralized entry point for all procurement requests, ensuring every initiative is captured, routed, and prioritized effectively. This enhancement streamlines planning, improves forecasting accuracy, and accelerates execution by eliminating friction across procurement workflows.
Portfolio Management with Gantt Chart Capabilities – To support more strategic project oversight, SpendHQ introduced advanced portfolio management features, including interactive Gantt charts. These tools enable procurement teams to visualize timelines, track progress, and coordinate initiatives with greater precision, driving accountability and accelerating results.
Introducing Spendy, our Intelligent Procurement Assistant – Spendy is a powerful multi-agent AI solution built directly into the SpendHQ platform. Designed to supercharge strategic and operational tasks, Spendy works alongside procurement teams to streamline daily workflows, boost efficiency, and deliver smarter, faster decision-making.

“These new capabilities are about more than just features — they’re about empowering procurement leaders to drive meaningful outcomes with clarity and confidence,” said Pierre Laprée, Chief Product Officer at SpendHQ. “Procurement is facing mounting pressure to deliver actionable results for key business priorities. We're proud to continue innovating alongside our customers to meet the challenges of modern procurement head-on.”

Customer Success

Customer adoption and satisfaction remained a top priority in Q1, with SpendHQ exceeding expectations across key metrics, underscoring the growing impact SpendHQ delivers across procurement teams:

32% year-over-year user growth, highlighting deeper customer engagement and increasing value from SpendHQ solutions.
More than 200 customer renewals and expansions, reinforcing the trust customers place in SpendHQ as their daily procurement operating tool.
Over 90% satisfaction rate on new client implementations, reflecting SpendHQ’s commitment to a seamless onboarding experience and lasting success.

"The implementation of SpendHQ's Performance Management was a great success,” said Laetitia de Navacelle, Head of Procurement Excellence, Avril. “This solution will enable us to implement best-in-class ways of working efficiently. SpendHQ listens to our needs and incorporates our feedback."

Looking Ahead

SpendHQ continues to drive innovation and community engagement in Q2, with key events and content initiatives on the horizon:

Insights Summit – Paris: SpendHQ will host a premier event for procurement professionals on June 24 in Paris. The event will feature sessions with procurement executives from Coca-Cola, TeamViewer, Bulgari, and more, along with customer success stories, and unique networking opportunities. Interested participants can register here.
AI-driven analytics: SpendHQ is deepening investment in AI-powered analytics and expanding workflow capabilities to bring greater cohesion across every layer of the procurement function, setting the stage for predictive, prescriptive, and agentic AI insights with a refreshed core data model launching later this year.
World Procurement Congress (WPC): SpendHQ will be at WPC in London on May 14–15. Don’t miss the “Strategy in Practice” breakout session with Matteo Perondi, CPO of Bulgari, discussing, “Luxury Meets Agility: Bulgari Procurement’s Fast-Track Digital Transformation.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250429427539/en/

Contacts

Media Contact:

Natalie Wires

Marketing Communications Director, SpendHQ

press@spendhq.com

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SpendHQ Kicks Off 2025 with Record Growth, Breakthrough Product Innovation, and 32% YoY Increase in User Growth

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