SpendHQ Launches Savings Radar to Proactively Surface Savings Opportunities for Procurement Teams

Savings Radar combines trusted data, procurement expertise, and a company's unique context to surface high-impact savings opportunities and give teams a clear path to capture them.

ATLANTA, Sep 30, 2026 /PRNewswire/ -- SpendHQ, the leading AI platform built for procurement, today announced the launch of Savings Radar, a new capability that proactively turns fragmented procurement data into a clear, prioritized path to savings.

Savings Radar goes beyond isolated, single-metric alerts to evaluate spend, contract, sourcing, project, and realized-savings data to proactively surface opportunities teams can act on. It assesses each opportunity across multiple signals and contextual factors—including relevance, potential value, and urgency—giving buyers a clear view of which opportunities matter most and why. These can include contracts approaching renewal at unfavorable prices, process gaps that contribute to spend leakage, and cash that may be freed for more productive use. The result is a holistic, prioritized view of savings opportunities that helps procurement teams focus their time and attention where it can create the greatest value.

The launch comes as organizations face increasing pressure to turn AI investment into measurable business value. According to Boston Consulting Group research, only 14% of AI pilots achieve meaningful financial results. Savings Radar is designed to close that gap and help procurement teams turn trusted foundational data and context into focused action and realized savings.

"Procurement has become a strategic driver of growth, resilience, and profitability," said Scott Macfee, CEO of SpendHQ. "AI should make procurement more decisive, not simply more informed. With Savings Radar, teams can spend less time searching through data and more time pursuing the opportunities that strengthen business performance."

Savings Radar provides procurement teams with:

• A prioritized view of savings opportunities
• Estimated savings ranges informed by SpendHQ's proprietary benchmark data
• Recommended next steps, such as renegotiating a contract or addressing a process gap
• The ability to act directly on recommendations through SpendHQ's purpose-built procurement agents

Each opportunity connects users to an AI agent equipped with the relevant context. Beyond explaining a recommendation, the agents can handle preparation work—such as building negotiation playbooks—freeing buyers to spend more time engaging with stakeholders and suppliers. By combining trusted signals with proactive AI agents, Savings Radar helps teams confidently identify, prioritize, and act on the savings opportunities with the greatest business impact.

The value of this proactive approach is increasingly clear across the industry. According to The Hackett Group®, procurement organizations that invest in technology and process automation achieve 2.1 times greater cost savings, 2.6 times higher return on investment, and 20% lower operating costs than their peers.

"Procurement teams don't need another tool that waits for them to ask the right question," said Matt McCarrick, chief AI officer at SpendHQ. "The next evolution of procurement AI is proactive. AI will continuously connect signals across the procurement ecosystem to identify where teams can create the greatest financial impact and give people the context to decide what to do next. Savings Radar brings that model to savings identification."

Built for enterprise governance, Savings Radar gives procurement leaders a secure, controlled way to use AI. Each opportunity is supported by clear signals in a customer's own data, providing a consistent and auditable basis for prioritization and estimated value. AI helps teams understand and investigate opportunities, while customer data remains within SpendHQ's infrastructure and is never used to train models.

More information about Savings Radar can be found here.

About SpendHQ

SpendHQ helps procurement teams, including those at the world's most respected companies, turn spend into savings, savings into measurable business impact, and procurement into a competitive advantage. Built by procurement experts who understand where value hides and what it takes to capture it, SpendHQ combines purpose-built AI, trusted spend intelligence, and performance management to uncover opportunities, take action with confidence, track progress, and help companies get more value from every dollar spent. Learn more at spendhq.com. 

SOURCE SpendHQ