How Blockdaemon saved six-figures with SpendHound

Before SpendHound

As Blockdaemon scaled from 38 to over 270 employees in under two years, their vendor list ballooned. With each new team came new tools and new chaos. Vendor details were tracked in scattered spreadsheets and Google Drive folders.

Ownership was unclear. Renewal dates slipped through the cracks. And when contracts auto-renewed, it wasn’t unusual for finance to find out after the fact.

The wake-up call came when a six-figure contract renewed unexpectedly. No one had flagged the date. No one had a chance to renegotiate. That moment made it clear: the system wasn’t just messy, it was risky.  

Blockdaemon began looking for a better way to manage renewals. Most vendor management platforms they evaluated were either too expensive or too complex. Then a board member introduced SpendHound.

“It was a no-risk trial. We were skeptical at first, free platforms usually come with a catch but the functionality, the team, the focus on renewals… it all made sense.”

SpendHound offered exactly what they needed: centralized visibility, proactive alerts, and built-in negotiation support without the bloated price tag. Blockdaemon decided to give it a try. It quickly became more than just a tool, it became their system.

Getting Started With SpendHound

Once Blockdaemon approved SpendHound, the onboarding process took just 4 to 6 weeks to reach full value. One key reason was that SpendHound handled the heavy lifting.

“It was easier than I expected because SpendHound did a lot of the work. It wasn’t like they said, ‘Here’s the platform, now go input everything.’ They took our Google Sheets, linked to NetSuite, and handled the rest.”

With minimal back-and-forth during contract reviews and direct NetSuite integration, implementation was fast and collaborative. Blockdaemon's internal team shared a raw data dump, including outdated spreadsheets and owner assignments. SpendHound transformed it into a live vendor database.

Onboarding included weekly check-ins, direct feedback loops, and even product tweaks based on real-time needs. The collaboration felt more like working with an internal team than a vendor.

The result: Blockdaemon didn’t just install a tool, they replaced spreadsheet chaos with a real system that works.

After SpendHound

Within weeks, Blockdaemon’s software stack was transformed. With integrations into Google Sheets and NetSuite, SpendHound became their single source of truth: a live, searchable system with automated alerts, shared notes, and built-in workflows.

Renewal reminders now go to both finance and vendor owners with context. Each alert is backed by real pricing benchmarks, internal notes, and negotiation templates that guide the next move.

In one case, Blockdaemon used a SpendHound playbook to request a 14% discount. They landed 9% with a single email.

“Even with vendors we handle ourselves, we use SpendHound’s methodology. A 20% discount on a $1,200 contract doesn’t sound huge, until you multiply it across 80 tools.”

Advice to anyone considering SpendHound

“The setup was smooth and quick, even as we scaled. The platform was easy to integrate with our existing tools, and we were able to get things running seamlessly.”