SpendHound Wins Prestigious G2 Software Award

SpendHound, a SaaS spend management platform owned by YipitData, has earned a place on G2’s 2026 Best Software Awards list for Best IT Management Software Products. The recognition identifies software products and companies that provide high value along with superior user experiences based on actual customer reviews that G2 collected.

G2 is one of the world’s most trusted software marketplaces, attracting over 100 million software buyers annually. The annual Best Software Awards select top products by using verified user feedback together with information about company market presence. The Best IT Management list includes SpendHound which helps IT and finance teams obtain better software governance through its highly rated tools.

What SpendHound Offers

The application provides finance and procurement and IT departments with complete visibility into their organization's SaaS spending management. The solution enables teams to:

• Track all software expenses and subscriptions,
• See real pricing benchmarks from the market,

 

• Get insight into upcoming renewals, and

 

• Gain visibility into the full SaaS stack.

The service provides this information at no added cost to customers and is designed to reduce guesswork, complexity, and unnecessary spending in managing software subscriptions.

Industry Recognition and Quotes

SpendHound Vice President of Go-To-Market Tom Ruello explained that this award holds significant value. He explained that G2 rankings depend exclusively on consumer feedback, so their positioning proves the genuine worth of SpendHound's services. Finance departments face increasing demands to track and manage their SaaS expenditures, which makes visibility solutions essential in today's environment.

Godard Abel who serves as G2 CEO and co-founder stated that the awards assist buyers in discovering products that users recommend as trustworthy. Abel explained that current award assortments serve as input for AI search engines which evaluate software solutions, thus enhancing the power of these honors.

How Awards Are Determined

To qualify for a G2 Best Software Award, a product must have at least 10 verified user reviews submitted within the evaluation year. The rankings show how satisfied users are with products which also demonstrates their market presence. The award selection process at G2 catalog requires extreme competitiveness because only 1% of their products achieve award nominations.

SpendHound operates with more than 1000 partner companies to achieve its goal of reducing software expenses by 30 percent through improved negotiation methods and spending techniques.