“We are pleased that spend analysis is being recognized by Gartner as an application that has reached credibility among early adopters and is on its way to being considered a necessity,” said Joy McCaffrey, senior product marketing manager at Spend Radar.
Chicago, IL (PRWEB) August 28, 2012
Spend Radar (http://www.spendradar.com), a spend analysis software company that helps organizations understand and manage costs to meet budget and profit goals, announced that it is included as a sample vendor for the second year in the Gartner 2012 Hype Cycle for Analytics Applications report.
Gartner Hype Cycle reports provide a graphic representation of the maturity and adoption of technologies and applications and how they are potentially relevant to solving real business problems.
Each Hype Cycle depicts the five key phases of a technology’s lifecycle: technology trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment and plateau of productivity, in which mainstream adoption takes place. For the second year, spend analysis has been on the slope of enlightenment, moving towards mainstream adoption, and Spend Radar is recognized as a vendor in the market space.
“We are pleased that spend analysis is being recognized by Gartner as an application that has reached credibility among early adopters and is on its way to being considered a necessity,” said Joy McCaffrey, senior product marketing manager at Spend Radar. “Organizations are under intense pressure to drive cost savings and increase margins without sacrificing quality, and tools like Spend Radar help companies gain new insights, find new savings and identify new efficiencies.”
About Spend Radar
Spend Radar is a spend analysis software company that gives organizations insight into their spend so they can discover new savings and reduce costs on an ongoing basis. Founded in 2009, Spend Radar’s customers manage $2 trillion in spend and save on average 15 percent on managed categories of spend. Spend Radar was named to the Red Herring Global 100 in 2011; its founders have been named to the Supply & Demand Chain Executive 100 and Pros to Know in 2012 and 2011. More information can be found at http://www.spendradar.com or on Twitter @spendradar1.