Case Study: Benepass cuts software spend by 30% with SpendHound

How Benepass cut software spend by 30% without a procurement team

Benepass, a fintech company providing a benefits and rewards platform, faced challenges in managing its software procurement without a dedicated team. Relying on spreadsheets and guesswork, their administrator had no leverage or data to negotiate effectively with vendors, often resulting in accepting high prices. This led them to seek a solution from SpendHound.

SpendHound provided a free platform that delivered benchmark reports on software pricing and expert negotiation support. By implementing SpendHound's data and recommendations, Benepass achieved significant results, including an average of 10% savings on software spend (with some discounts reaching 20-30%), saving $7,000 on a single upgrade, and reclaiming over two hours per negotiation.

Benepass

Zach Sexton

GTM System Administrator