Consero Global and SpendHound have launched a strategic partnership to provide high-growth companies with enhanced control over their technology expenditures. By integrating SpendHound’s procurement capabilities into Consero’s ecosystem, businesses can transition from manual tracking to automated, data-driven financial management from the SIMPL dashboard.
Consero clients can soon expect the following benefits.
1. Overcoming Fractional Spend Management
Smaller and mid-sized companies often manage vendor spend fractionally across departments like engineering, marketing, and sales. This decentralized approach frequently leaves the finance office in the dark regarding active contracts and upcoming renewals.
“Oftentimes the finance office doesn’t know what contracts exist…sometimes the finance office can even be surprised with a new contract that got signed or a vendor invoice comes in and that you didn’t know about.” — Ashley Honeyman, CFO and COO of Consero
SpendHound addresses these visibility gaps by centralizing procurement data:
- System Integration: It links directly to accounting platforms like Bill.com and Sage Intact to pull in actual spend data.
- Contract Repository: All vendor agreements are stored in one place, replacing fragmented Excel files.
- Automated Alerts: The platform sends notifications for upcoming renewals and 90-day auto-renewal deadlines.
- Structured Approvals: New features allow for a delegation of authority, ensuring all new vendor requests follow a formal approval process.
2. Leveling the Playing Field in Vendor Negotiations
Negotiating software renewals is historically difficult for CFOs who lack access to market price comparisons. While finance leaders may request multiple quotes, they often lack the objective data needed to know if a vendor’s initial offer is competitive.
“There’s no ability for a CFO or a company to really understand what other people are paying. Am I getting a good deal? Am I being overcharged? There’s no way to know that.” — Ashley Honeyman
The partnership empowers finance teams with real-world benchmarking:
- Price Benchmarking: Users can request a pricing analysis to see how their rates compare to what other customers are paying on a per-user basis.
- Renewal Leverage: One successful case saw a client use SpendHound data to secure a 0% price increase from a vendor that typically raises rates by 10% annually.
- Competitive Analysis: If a current software solution is underperforming, the platform provides examples of alternative vendors used by similar companies.
3. Maximizing ROI Through Automated Oversight
High-cost procurement platforms are often difficult for finance teams to justify within their own budgets. Because this tool is free for Consero clients, it removes the financial barrier to entry for companies that need enterprise-grade oversight without the enterprise price tag.
“The cost of other platforms is so expensive, you know, 50 grand, 100 grand…The fact that SpendHound is completely free to use is a game changer for midsize companies.” — Ashley Honeyman
This oversight is critical for identifying and eliminating wasted spend:
- Wasted Spend Identification: The platform highlights areas where a company may be paying for software licenses that are not being used.
- License Consolidation: It can identify duplicate charges, such as individual employees buying separate ChatGPT licenses on credit cards, allowing for consolidation into a cheaper enterprise license.
- Visibility for Growth: As companies scale, having a unified view of the “last twelve months” (LTM) spend ensures that tech investments remain aligned with company growth.
Take Control of Your Technology Spend
The integration of SpendHound within the Consero framework allows businesses to move beyond reactive accounting and into proactive financial strategy. Stop letting unmanaged renewals and “shadow IT” drain your budget.
Request a consultation with Consero today to learn more about how the SIMPL // SpendHound integration can optimize your tech stack and drive immediate savings for your organization.
