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Spend Matters

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Namestring
Spend Matters
Company typeenum
Private
Founded yearint
2004
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersChicago, United States
HQ citystring
Chicago
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
procurement technology research, vendor benchmarking platform, source-to-pay analysis, procurement advisory services, supply chain intelligence
Industry1 code
1Spend Analytics & Reporting Support
CodeBPAAAJAJPrimaryYes
NAICS code2 codes
  • Software Publishers51321
  • Business Support Services5614
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Procurement Technology Research & Benchmarking
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Solution Intelligence Membership
TypeSubscription Recurring
Description

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.

thehackettgroup.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Brand1 of 5 records shown
1SolutionMap
Description

A vendor comparison and ranking platform that evaluates procurement technology vendors across multiple categories using technical assessments, mandatory demos, and anonymized customer ratings.

thehackettgroup.com
+4 more records
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 106 vendors assessed across 500+ RFI requirements in 16 source-to-pay categories
+1 more record
Product overview1 text field

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.

Product and service1 record
1SolutionMap
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

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.

TypeBroad incumbent
Description

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.

TypeBroad incumbent
Description

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.

4IDC
TypeBroad incumbent
Description

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.

5Proxima (formerly Zero100)
TypeDirect peer
Description

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.

TypeDirect peer
Description

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.

TypeEmerging player
Description

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.

TypeEmerging player
Description

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.

9Suppliers Together
TypeRegional player
Description

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.

TypeDirect peer
Description

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.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Spend Matters

Procurement Technology Research & Benchmarkingspendmatters.com

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.

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

  • Procurement technology research
  • Vendor benchmarking platform
  • Source-to-pay analysis
  • Procurement advisory services
  • Supply chain intelligence

Where Spend Matters is headquartered

Location

Headquarters

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

  1. 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 offering

Core 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 profile

Segments2 records

Ideal customer profiles1 record

Spend Matters technology and API

Technology

Technology 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 signal

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Spend Matters competitors and assessment

Company assessment

Direct 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 presence

Spend Matters financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Spend Matters leadership team

Management profile

Number of profiles

Profiles3 records

Spend Matters funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
AInvestHackett Group's AI Pivot Pays Off in Q1 EarningsThe Hackett Group reported Q1 2026 revenue of $68.8 million and adjusted EPS of $0.34, meeting guidance despite a decline from prior-year revenue of $77.9 million, with net income of $4.28 million and diluted EPS of $0.17 improving from $0.11 in Q1 2025. Strategic AI initiatives, including the acquisition of Spend Matters and a partnership with Celonis, have driven productivity gains and expanded ROI benchmarks, positioning the company for growth in generative AI services. The company projects Q2 2026 revenue of $68.5–$70 million with EPS of $0.33–$0.35, and analysts maintain an "Outperform" rating with a price target of $25–$28.Spend MattersThe Future 5 2025-2026 – Introducing Tamarin AISpend Matters, a Hackett Group Division, selected Tamarin AI for its annual Future 5 list recognizing innovative procurement solution providers, specifically honoring the Boston-based startup for its AI-native category management platform.CoupaThe Power of Smart Intake & Orchestration in Source-to-PayA webinar discusses the concepts of intake and orchestration and their impact on the source-to-pay process and procurement functions, featuring experts from Spend Matters, The Hackett Group, and Coupa. The session aims to provide clarity, insight, and practical strategies for optimizing procurement and finance workflows.Spend MattersTurning employee expenses into reliable financial signalsThe Spend Matters white paper "Improving Expense Management for Financial Forecasting and Control" identifies five common misalignments between Finance and Procurement functions that reduce the reliability of travel and expense data, including disconnected approval workflows, conflicting KPIs, and limited visibility into pre-approved spend. The paper proposes a five-phase framework emphasizing cross-functional coordination, integrated data systems, and shared KPIs to improve forecasting accuracy and budget control. The central argument is that properly managed employee expenses can serve as a continuous source of financial intelligence beyond just faster reimbursements.FinancialContent Business PageCreditRiskMonitor.com Recognized by Spend Matters Fall 2025 SolutionMapCreditRiskMonitor.com announced its SupplyChainMonitor solution was recognized in Spend Matters Fall 2025 SolutionMap for third-party risk management. The company's proprietary FAST Rating evaluates financial risk on 3.5+ million foreign private companies, and Risk Level classifies 10+ million public and private companies. The recognition highlights its leadership in supplier risk management.RaindropRaindrop Recognized as a Customer Favorite Across Four Categories in Fall 2025 Spend Matters SolutionMap; Expands into Four New CapabilitiesRaindrop Systems was recognized as a Customer Favorite in four categories of the Spend Matters Fall 2025 SolutionMap, including Source-to-Pay and Sourcing. The recognition highlights the platform's modular flexibility and AI-native capabilities within the spend management landscape.Please log inCreditRiskMonitor.com Recognized by Spend Matters Fall 2025 SolutionMapCreditRiskMonitor.com announced that its SupplyChainMonitor™ solution was recognized in the Spend Matters Fall 2025 SolutionMap, ranking at the top in Supplier Risk Management and above benchmark in Supplier Performance Management and Analytics categories. The company's FRISK® Score claims 96% accuracy in predicting financial stress and bankruptcy risk over a 12-month period across its proprietary suite of AI-driven analytics. CEO Mike Flum stated that the rise in vendor bankruptcies, particularly in manufacturing, has underscored the importance of proactive supplier financial monitoring, citing macro factors such as interest rates, cost inflation, tariffs, and high corporate debt levels as ongoing risks.ConsultingGEP’s procurement software tops Spend Matters’ Fall 2025 SolutionMapGEP’s procurement software, GEP Smart, secured the top ranking in 15 categories within Spend Matters’ Fall 2025 SolutionMap report. The research firm highlighted GEP for its functional depth, innovation, and customer satisfaction, noting its dominance in areas such as source-to-pay and intake & orchestration. This assessment involved evaluating 115 vendors against over 500 requirements through mandatory demos and anonymized customer ratings.PR NewswireGEP PROCUREMENT SOFTWARE AGAIN SECURES THE LEADER SPOT IN SPEND MATTERS' FALL 2025 SOLUTIONMAP, TOPPING 15 CATEGORIES, INCLUDING SOURCE-TO-PAY (S2P) AND SOURCE-TO-CONTRACT (S2C) SUITESGEP Software secured the top ranking in source-to-pay (S2P) and source-to-contract (S2C) categories, along with 13 other key areas, in Spend Matters' Fall 2025 SolutionMap for the ninth consecutive time, outscoring 115 other solution providers across over 500 functional requirements. The ranking assessed vendors across 16 source-to-pay categories, with GEP recognized for its AI-driven procurement platform, intake and orchestration automation, spend analytics, and supplier risk management capabilities. Spend Matters cited GEP's unmatched functional depth, innovation, and customer satisfaction as evidence of its market dominance in the procurement software industry.YahooGEP PROCUREMENT SOFTWARE AGAIN SECURES THE LEADER SPOT IN SPEND MATTERS' FALL 2025 SOLUTIONMAP, TOPPING 15 CATEGORIES, INCLUDING SOURCE-TO-PAY (S2P) AND SOURCE-TO-CONTRACT (S2C) SUITESGEP Software secured the top ranking in 15 categories, including source-to-pay and source-to-contract suites, in Spend Matters' Fall 2025 SolutionMap evaluation. The company outscored 115 other providers, reaffirming its position as a leading AI-driven platform for procurement and supply chain management. This recognition highlights GEP's functional depth and innovation across key areas such as intake orchestration, analytics, and risk management.