Analyzed Spend Detailed to the Tune of $10 Trillion by SpendHQ
SpendHQ Announces Q2 Product Enhancements and Executive Appointment
SpendHQ, a leading provider of data-driven procurement solutions, has recently unveiled several product enhancements designed to improve user experience and enable more detailed spend analysis. In addition, the company has appointed a new Chief Financial Officer to lead global financial strategy and support its growth plans.
In the second quarter of 2025, SpendHQ introduced a redesigned interface with a new Mixed SideNav, allowing seamless movement between analytics and performance workflows. The company also launched smart, conditional forms for project management, providing faster setup and greater customization. Additionally, SpendHQ introduced line-level approvals in beta, offering enhanced control capabilities for finance and procurement teams.
As part of its commitment to data transparency, SpendHQ introduced early access programs like Spend Explorer and Rules Manager, aimed at reducing operational costs and improving efficiency. Furthermore, a new Supplier Risk Management solution was added as an optional add-on, providing insights into financial risk, cyber threats, and supplier ESG performance.
On the executive appointments front, SpendHQ appointed Morgan Power as its new Chief Financial Officer. Power will lead global financial strategy and support the company’s growth plans.
SpendHQ's large volume of data, which surpassed $10 trillion in spend analyzed on its platform, significantly enhances its AI-driven procurement intelligence capabilities. This milestone underscores the trust and scale of the company’s solutions worldwide.
In recognition of its innovation, SpendHQ was awarded a Silver Medal in the Innovative Suppliers category at the 2025 Trophées des Achats in France. Scott Macfee, CEO of SpendHQ, expressed pride in the recognition, stating that it is a reflection of the collaborative, curious, and impact-driven team at SpendHQ.
The company was also named one of Atlanta's Best and Brightest, an accolade that Macfee expressed great pride in, attributing the achievement to the team that made it possible.
[1] SpendHQ Press Release, "SpendHQ Q2 2025 Product Enhancements and Executive Appointment," 15 June 2025. [2] RapidRatings Press Release, "SpendHQ and RapidRatings Announce Strategic Partnership," 15 June 2025. [3] apexanalytix Press Release, "SpendHQ and apexanalytix Announce Strategic Partnership," 15 June 2025. [4] EcoVadis Press Release, "SpendHQ and EcoVadis Announce Strategic Partnership," 15 June 2025.
- Morgan Power, the newly appointed Chief Financial Officer of SpendHQ, will lead the global financial strategy to support technology advancements and business growth.
- The innovative product enhancements by SpendHQ in Q2 2025, including the introduction of line-level approvals and smart, conditional forms, are designed to optimize financial management and technology-driven procurement solutions.
