Pierre Laprée is the Chief Product Officer at the best-in-class procurement solution provider SpendHQ. He joined SpendHQ with the company’s July 2022 acquisition of Per Angusta, which he founded in 2012, serving as CEO. During that time, he grew Per Angusta to more than 150 global customers and created a new category of technology named Procurement Performance Management (PPM). He is currently responsible for driving procurement-based innovation at SpendHQ as well as leading the company’s product vision and roadmap.
We caught up with Pierre and got a great snapshot of what is in offer at SpendHQ.
SpendHQ is the leading best-in-class provider of enterprise Spend Intelligence and Procurement Performance Management solutions. Our platforms help procurement teams identify, extract, and execute on purchasing and sourcing improvement opportunities.
SpendHQ offers Spend Intelligence (SI) and Procurement Performance Management (PPM), which make up our strategic procurement platform. Spend Intelligence helps organisations normalise, categorise, and evaluate organisational spend data holistically in search of spend optimisation opportunities.
Procurement Performance Management helps teams drive execution by harnessing project visibility, clear communication, and results tracking so they can turn actionable insights into strategic, measurable impact.
Together, these products fill a critical strategic management gap in the solution landscape by allowing teams to methodically find and execute on opportunities while clearly demonstrating their overall value to the business.
Backed by nearly 20 years of procurement expertise, $8 trillion of analysed spend, and 500+ global customers and growing, SpendHQ’s solutions give businesses the rapid, accurate spend intelligence and performance optimization needed to drive better financial and non-financial outcomes, advance procurement maturity, and illustrate their impact with data.
What issue does your solution solve?
SpendHQ bridges the strategic solution gap in procurement by providing teams with the tools they need to find and execute on opportunities while also making their strategic impact clear to the entire organization. Starting with Spend Intelligence, teams overcome fragmented spend data and gain visibility into their entire spend profiles so they can evaluate spend activity across the organization. Companies can then leverage Procurement Performance Management to more efficiently communicate with stakeholders, allocate resources, and confidently report on financial and non-financial impact.
Who is your solution aimed at? What does your perfect client look like
SpendHQ’s platform helps procurement teams in every industry across the world, regardless of their location in the procurement maturity curve. SpendHQ helps procurement and finance functions at companies of all sizes, ranging from Mid-Market to Large Enterprise ($1 billion + in revenue), identify value and drive savings.
What is the biggest challenge SpendHQ faces?
SpendHQ’s largest challenge lies in growing brand awareness globally. Because we were two separate companies (Per Angusta and SpendHQ) until July of 2022, the SpendHQ brand name is less well-known in the EMEA market. While all businesses need a way to find and execute on opportunities, being able to sift through the various offerings to determine the right solution is easier said than done.
Why pick SpendHQ
SpendHQ’s unified Strategic Procurement Platform has several unique selling points that make it a clear choice for procurement teams.
First, the unification of spend intelligence and performance management makes the process of finding and acting on opportunities seamless.
Secondly, our platform offers faster time to value by leveraging our experience and use of AI to quickly clean, normalise, and categorise data for faster implementation and easier adoption. As a result, teams can drive measurable value in a fraction of the time compared to other solutions.
Additionally, SpendHQ’s solutions were built by procurement professionals with decades of experience who wanted to solve the problems plaguing their work daily. As a result, the platform is built on a database of $8 trillion of analysed spend and best practices from across the industry, allowing teams to benchmark their performance against industry best practices.
Finally, our Strategic Procurement Platform simply provides better results. It rapidly categorises 97% of organisational spend leveraging our best-in-class spend taxonomy. It also comes equipped with 40+ integrations with market-leading partners like Coupa, EcoVadis, and Corcentric and several flexible data intake options so teams can streamline their work.