Spend Converge Launches

July 14, 2012, 10:30 a.m.

In July of 2012, Spend Converge based in Chicago, IL, launches the first social media based sourcing app. Spend Converge is a Group Purchasing Organization that utilizes social media to capture the category to source as well as the participating companies. The company is calling its service Savings On Demand as a purchasing professional is able to search his / her network for other companies that might be interested in sourcing a spend category together to consolidate volume and achieve better savings. The search is not limited to a particular industry or segment. The app uses LinkedIn and emails to identify and converge spend for better savings. The company offers strategic sourcing at a low cost as well. To learn more visit their website at or contact Edmund Lee at