ISG SpendHQ: A Spend Analysis Tool Built by Sourcing Professionals for Sourcing Professionals — Year-End Tech Review

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This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. For the rest of this week, we’re highlighting companies in the risk management and spend analytics spaces.

SpendHQ, a spend analytics product born out of its parent company, Insight Sourcing Group (ISG), originated as an answer to many of the challenges its consultants faced in the field. Today, SpendHQ has evolved into a full-featured analytics platform that has the distinction of being one of the few spend analysis tools that was built by sourcing professionals for sourcing professionals, and it looks at procurement data the way these professionals want to see it. SpendHQ was built by people who knew exactly what kind of analytics they needed to identify everything from surface-level to buried savings opportunities.

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Afternoon Coffee: Procurement Execs Expect Economic Growth to Continue in 2017, Staples to Sell European Operations

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U.S. economic growth will continue in 2017, according to purchasing and supply management executives surveyed for ISM’s semiannual economic forecast. The December 2016 report indicated optimism for the coming year in the manufacturing sector, with revenues expected to increase in 16 manufacturing industries. Office supply giant Staples said Wednesday it would sell a majority stake of its European operations to private-equity firm Cerberus Capital. Afternoon Coffee brings you the latest in procurement and supply chain news.

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