PROCUREMENT TECHNOLOGY
This approach empowers teams to spend responsibly while giving finance leaders firm control and oversight, underpinning a shift towards proactive spend management that is fit for modern businesses.
Visibility has become the linchpin of effective spend management. Today’ s spend management solutions prioritise real-time insight, automated categorisation and AI-powered anomaly detection.
Brandon Till, Head of Business Solutions at Soldo, explains:“ Traditionally, spend reporting has been a retrospective, paperheavy exercise. The result was a partial, backward-looking view of company spending that made it hard to spot patterns, control tail spend or reliably detect expense fraud.
“ Modern spend analytics flips that model, capturing every transaction at the point of purchase, typically via smart cards connected to a central platform and enriching it in real time with receipts, categories, project codes and policy rules.”
AI not only streamlines administrative tasks but brings strategic clarity, transforming analytics into a lever for real-time, progressive decision-making. As highlighted by SpendHQ’ s work with PepsiCo, enterprise-wide platforms deliver unified data sources and enable actionable insights with a few clicks. This transition from fragmented, often manual, month-end data to real-time“ single source of truth” is opening the door for procurement to align with broader organisational objectives and support business agility.
Lauren Hymen, Vice President for Strategy and Transformation at PepsiCo, says:“ By leveraging SpendHQ’ s advanced analytics platform, we can identify spending patterns, track expenditures and unlock opportunities for cost savings across all our procurement categories.”
Uncovering value and closing spend gaps Brandon highlights the persistent gaps where organisations leave value“ on the table”.
He says:“ The biggest value leak is still in decentralised, day-to-day spend. Much of this remains buried in POs, card statements and manual reconciliations.
108 January 2026