Procurement savings tracking software records each savings initiative, the type of saving, the baseline it is measured against, and whether finance has validated it, so you can report numbers your CFO will accept. For a mid-sized company, oboloo does this on a free-forever plan with unlimited savings initiatives. Sievo, SpendHQ and Simfoni are built for larger procurement teams and tie savings to spend data, but none of them publish prices. A spreadsheet template works if one person tracks a handful of savings.
Full disclosure: oboloo is our product. We checked what each vendor says on its own site on 15 October 2026.
| Tool | Free plan | Price | Best for |
|---|---|---|---|
| oboloo | Yes, free forever, unlimited savings initiatives | Savings Plus $20 per user a month, billed annually | Mid-sized teams that want a savings pipeline and finance validation, next to contracts and sourcing |
| Sievo (Initiative Management) | No | Not published; no per-seat licensing | Large procurement teams that agree savings methods with finance and track them against spend data |
| SpendHQ (formerly Per Angusta) | No | Not published | Procurement teams that want pipeline dashboards and AI-suggested savings opportunities |
| Simfoni | No | Usage-based, paid in Snowflake credits, with no upfront licence fee | Enterprise and mid-market teams already using Snowflake |
| Free spreadsheet templates | Yes | Free | One buyer with a short list of savings |
If a tool cannot separate forecast from validated savings, finance will not trust its numbers.
oboloo is free-forever procurement software for SMEs and charities. Its savings tracking lets you create and track unlimited savings initiatives on the free plan. You can track cost avoidance, such as stopping a price rise, hard savings from negotiating a lower price, and process savings from reducing hours. The baseline, assumptions, timing and owner are recorded at the start. Validation can be done by procurement, finance or both, and only validated savings make it into reports. Savings move into realised when milestones are hit, and dashboards separate pipeline, projected and validated savings. Validation is in the free plan. Savings Plus, at $20 per user a month billed annually, adds unlimited milestones, document attachments, savings approvals and custom fields, with a 14-day free trial.
Because savings sit next to oboloo's sourcing and contract modules, a saving can be linked to the RFQ that won it and the contract that delivers it.
Sievo's Initiative Management, formerly its savings lifecycle product, tracks the savings pipeline for cost reduction, cost avoidance and sustainability goals. It measures savings against baselines automatically, separating factors procurement controls from those it does not, and has a library of value models so you can agree calculation methods with finance in advance. It has audit trails through each approval stage. Sievo says it can be used without its spend analytics, and that there is no per-seat licensing. Prices are not published.
Per Angusta was bought by SpendHQ in 2022 and now runs as SpendHQ's procurement performance management product. It offers pipeline dashboards and reports built for procurement, and AI agents that suggest savings opportunities based on your spend. Prices are not published.
Simfoni captures, analyses and reports procurement savings in a single pipeline, compares forecast savings with actual invoice or contract data, and produces scorecards for CFO and CPO reviews. It is aimed at enterprise and mid-market organisations. Instead of a licence fee, you pay for what you use through Snowflake credits.
A spreadsheet is fine to start. Our free procurement savings tracker is a ready-made starting point. Other free templates, such as those from Spreadsheet Daddy and Zeiv, work out savings from the original and negotiated cost. What spreadsheets do not give you is sign-off from finance, an audit trail, or a way to stop people double counting.
Software that records procurement savings initiatives, the type and size of each saving, the baseline it is measured against, and whether it has been validated and realised, so you can report savings with confidence.
Cost reduction is paying less than you paid before. Cost avoidance is not paying more than you would have, for example stopping a supplier's price rise. Both are real, but most finance teams report them separately. See our guide to cost avoidance vs cost reduction.
Yes. oboloo's free-forever plan includes unlimited savings initiatives. Free spreadsheet templates also work for a small number of savings. We compare the free options in our guide to free procurement savings management platforms.
No. Savings tracking works on initiatives: what you did, what it saved and who signed it off. Spend analysis helps you find opportunities, but you can track and report savings without it.
Agree the definitions and baseline methods with finance first, have finance validate each saving, and report forecast and realised savings separately. Our guide on how to track procurement savings covers this step by step.
