Spend Matters
Spend Matters, a Hackett Group division, provides independent procurement technology vendor evaluation through its SolutionMap rankings, TechMatch platform, and Vendor Directory, serving enterprise procurement buyers and procurement software vendors globally via subscription memberships.
- Company typePrivate
- Founded2004
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingDigital Commerce or Content
What Spend Matters does
Spend Matters is a procurement technology market intelligence firm that operates as a division of The Hackett Group (NASDAQ: HCKT), headquartered in Chicago. Founded in 2004, the company provides independent, data-backed vendor evaluation services used by enterprise procurement professionals to shortlist and select source-to-pay, source-to-contract, and adjacent procurement technology solutions. Its commercial offering is anchored by three interconnected products: SolutionMap, a semi-annual ranking platform that evaluates over 100 procurement technology vendors across 500+ RFI requirements in 16 source-to-pay categories using mandatory product demonstrations and anonymized customer ratings; TechMatch, a matching platform that helps buyers align requirements to ranked vendors; and a Vendor Directory for buyer exploration of the procurement technology landscape. The business also operates ecosystem-curation programs including the Future 5 list and the 50 to Watch list, which position Spend Matters as a market curator for emerging vendors.
The business model is subscription / membership-driven, distributed globally through The Hackett Group's Applied Intelligence programs and the Hackett Connect platform. Revenue is generated from enterprise procurement membership fees, vendor-side placements in rankings and directories, and ancillary programs such as the Hackett Innovation Awards. Spend Matters received a growth investment from Copley Equity Partners in December 2021 and was subsequently acquired by The Hackett Group, whose enterprise benchmarking data and consulting channel materially extend Spend Matters' distribution and analytical depth. Following the Copley investment, the company explicitly targeted expansion into adjacent markets including accounts payable, B2B payments, and ESG.
Spend Matters firmographics
Firmographics- Name
- Spend Matters
- Website
- https://spendmatters.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Spend Matters, a Hackett Group division, provides independent procurement technology vendor evaluation through its SolutionMap rankings, TechMatch platform, and Vendor Directory, serving enterprise procurement buyers and procurement software vendors globally via subscription memberships.
- Ownership category
- akta.pro rank
Spend Matters industry classification
Industry- Product category
- Procurement Technology Research & Benchmarking
- NAICS
- Software Publishers (51321), Business Support Services (5614)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Spend Analytics & Reporting Support (BPAAAJAJ)
Keywords
Where Spend Matters is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Spend Matters business model
Business model- GTM type
- B2B
- Offering type
- Digital Commerce or Content
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Solution Intelligence Membership: The Hackett Group Solution Intelligence provides independent analysis through membership programs including SolutionMap access, Vendor Directory, and implementation insights. Revenue is generated through membership fees and subscription access to the platform and reports.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Spend Matters product offering
Product offeringCore offering
Spend Matters provides subscription-based procurement technology research, advisory, and benchmarking services to enterprise buyers. Its flagship SolutionMap platform scores and compares source-to-pay software vendors across standardized functional categories, while TechMatch and the Vendor Directory help procurement teams identify and shortlist technology providers, supported by ongoing analyst research and category insights.
Product overview
Spend Matters, now a division of The Hackett Group, operates as a proprietary tech-enabled data platform providing independent, data-backed vendor evaluation for the procurement technology industry. The company offers a unified portfolio of three interconnected solutions: SolutionMap (the core vendor ranking and comparison platform), TechMatch (procurement technology matching rankings), and Vendor Directory (vendor exploration tool). These products work together to help procurement professionals evaluate, shortlist, and select technology vendors across source-to-pay, source-to-contract, and related procurement categories. The platform assesses over 100 vendors through hundreds of functional requirements using mandatory product demonstrations and customer feedback.
Differentiator
Problem solved
Functional benefit
Brands
- SolutionMap: A vendor comparison and ranking platform that evaluates procurement technology vendors across multiple categories using technical assessments, mandatory demos, and anonymized customer ratings.
- TechMatch
- Vendor Directory
- Future 5
- 50 Vendors to Watch
Products and services
- SolutionMap
Quantifiable outcome
- 106 vendors assessed across 500+ RFI requirements in 16 source-to-pay categories
- +1 more outcomes
Companies that use Spend Matters
Customer profileSegments2 records
Ideal customer profiles1 record
Spend Matters technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Spend Matters partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Spend Matters competitors and assessment
Company assessmentDirect peers
- Beroe Inc: Beroe is a procurement intelligence and market research firm providing vendor evaluation, market analysis, and category intelligence to enterprise procurement teams. Directly comparable to Spend Matters as both deliver subscription-based procurement vendor intelligence to similar enterprise buyers.
- Proxima (formerly Zero100): Proxima is a procurement advisory and research firm serving enterprise procurement leaders with benchmarking, vendor insights, and operational research. Comparable to Spend Matters in serving enterprise procurement decision-makers with subscription research and analysis on vendor and operational topics.
- Procurement Leaders: Procurement Leaders operates a membership-based community and research network for chief procurement officers and senior procurement executives. Directly comparable to Spend Matters in delivering subscription research, peer benchmarking, and vendor insights to enterprise procurement leadership.
- Source Global Research: Source Global Research provides subscription research on the professional services and technology advisory markets, including procurement and supply chain transformation. Comparable to Spend Matters in delivering subscription enterprise research with primary research methodology and benchmarking content for procurement buyers.
Broad incumbents
- Gartner: Gartner is a global research and advisory firm publishing the Magic Quadrant and Hype Cycle for procurement and sourcing technology. Competes with Spend Matters' SolutionMap for enterprise buyer attention on procurement vendor selection, but operates at much broader scale across all IT categories.
- Forrester Research: Forrester publishes the Forrester Wave for procurement technology covering source-to-pay suites and adjacent categories. Overlaps with Spend Matters' SolutionMap in serving enterprise procurement technology selection decisions, but as part of a much broader research portfolio across all enterprise software.
- IDC: IDC provides market intelligence and analyst coverage of procurement, supply chain, and finance technology vendors through IDC MarketScape and related evaluations. Directly comparable in delivering enterprise procurement technology vendor assessment, though at much broader enterprise IT scope.
Emerging players
- Tealbook: Tealbook provides AI-powered supplier intelligence and master data management for procurement organizations. Partially comparable to Spend Matters as both serve enterprise procurement with data-driven supplier/vendor intelligence, though Tealbook focuses on supplier master data rather than vendor selection evaluation.
- HFS Research: HFS Research is an analyst firm providing research and assessment of business process and technology services, including procurement outsourcing. Comparable to Spend Matters in operating a subscription analyst model for enterprise technology evaluation, though HFS focuses more on services while Spend Matters focuses on procurement software.
Regional players
- Suppliers Together: Suppliers Together is a procurement technology intelligence and comparison platform serving primarily European enterprise procurement teams. Comparable to Spend Matters in providing vendor comparison and selection tools, but with regional concentration in European markets versus Spend Matters' global enterprise buyer focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks4 records
Key highlights5 records
Customer concentration
Spend Matters social profiles
Digital presenceSpend Matters financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spend Matters leadership team
Management profileNumber of profiles
Profiles3 records
Spend Matters funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spend Matters M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spend Matters
What does Spend Matters do?
Spend Matters provides subscription-based procurement technology research, advisory, and benchmarking services to enterprise buyers. Its flagship SolutionMap platform scores and compares source-to-pay software vendors across standardized functional categories, while TechMatch and the Vendor Directory help procurement teams identify and shortlist technology providers, supported by ongoing analyst research and category insights.
Is Spend Matters a public or private company?
Spend Matters is a private company. It is classified as corporate owned and is currently operating.
When was Spend Matters founded?
Spend Matters was founded in 2004. It employs 1 to 10 people.
Where is Spend Matters based?
Spend Matters is headquartered in Chicago, United States, in the North America region.
How does Spend Matters make money?
One revenue line is on record: solution Intelligence Membership.
Who are Spend Matters's main competitors?
Direct peers on record are Beroe Inc, Proxima (formerly Zero100), Procurement Leaders and Source Global Research. Broad incumbents are Gartner, Forrester Research and IDC. Emerging players are Tealbook and HFS Research. Suppliers Together is listed as a regional player.
Does Spend Matters have an API?
No public API is recorded for Spend Matters.
What industry is Spend Matters in?
Spend Matters's product category is Procurement Technology Research & Benchmarking. Its primary akta.pro industry code is BPAAAJAJ, Spend Analytics & Reporting Support. Its NAICS code is 51321 and its SIC code is 7372.