Syngenta Report May 2024 | Page 7

How Syngenta Group leveraged SpendHQ ’ s Performance Management solution to maximise procurement visibility and impact
Founded in 2012 to optimise procurement spend visibility and reporting , SpendHQ helps procurement teams turn vision and strategy into clearly defined action .
By centralising accurate data on spend and procurement performance , SpendHQ makes it easy to see and capitalise on optimisation opportunities across the business .
As Pierre Laprée , Chief Product Officer at SpendHQ , explains , the company ’ s solutions ultimately help procurement teams generate and demonstrate better financial and non-financial outcomes .
“ SpendHQ turns the visibility of your spend data into actionable insights that drive procurement to deliver real impact for your company ,” he explains .
Data and Performance Management
For Syngenta Group , the ability to manage and confidently report on performance is a driving factor in using SpendHQ , which led the company to choose the solution to drive its Syngenta Group Accelerator Program in 2021 to increase procurement productivity .
“ We need to prove that we have delivered on our savings targets ,” shares Gerardo Aguilar ,
Global Head of Indirect Procurement at Syngenta Group . “ With a procurement team of over 200 people in 32 countries , the challenge is ensuring we can demonstrate the results we ’ ve promised . The ability to show progress and results to our stakeholders , and monitor all this from one single place allowed us to constantly be on the top of our numbers and to over-deliver our cost reduction program by 48 %”
Unique approaches to a shared vision
Three years into the partnership between SpendHQ and Syngenta Group , both parties see this as only the beginning . Now , Syngenta Group refers to SpendHQ ’ s PPM solution as ‘ Value Track ’ because the tool offers far more than real timereporting . The combination of visibility and best practices sharing allows the team to focus on the right opportunities , learn from what is working for others and harmonise operations across different business units .
“ We want to continue moving and see what else we can do using this solution ,” says Gerardo . “ We ’ re excited to continue working with SpendHQ to reinforce total value contribution , continue to embed the tool in the broader ecosystem and focus on sustainability opportunities .”