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SpendQube: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, tech selection tips, analyst summary

12/06/2023 By


In this Spend Matters Vendor Analysis we provide an overview of SpendQube and its solution for spend analytics.

In today's rapidly evolving business landscape, every organization strives to make informed choices, optimize resources and drive profitability. Usable data is vital to this decision making. For procurement practitioners, spend analytics tools are indispensable assets. These tools empower businesses to gain deep insights into their spending patterns, identify cost-saving opportunities, mitigate risks and drive strategic decision making.

SpendQube is a spend analysis tool that has recently come to the market, born out of an experienced consultancy. SpendQube combines its human team with AI to cleanse and categorize data, then apply insights. Additionally, SpendQube utilizes its parent company to offer spend-based consulting services alongside the tool.

This Vendor Analysis also explores the concept behind SpendQube: the platform, application and supporting services the vendor delivers and a competitive market analysis, complete with key analyst takeaways.

Here’s why SpendQube matters:
To the market — SpendQube combines AI and human touchpoints to effectively manage data rather than just one or the other, which makes for more valid data.
To customers — SpendQube is user-friendly and consultant-backed, meaning no data analysis background is required to use it effectively.
To potential buyers — SpendQube can be used with any level of experience and by anyone in the procurement organization, as extensive, easy-to-use filters are available and data is automatically mapped to tier-three suppliers.

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Vendor Analysis