BENEFITS

Tail Spend Management Platform Solution – Technology + Content + Services


Benefits – Cost Management

Typical savings on reduced cost of purchases around 20-30% of total tail spend


Benefits – Supply Risk Management

Most vendor management problems occur with tail spend suppliers due to fewer controls and visibility

Compliant Process

Increased from 30% to 98%
b2

Corporate Social Responsibility

Vendor selection can be adjusted to prioritize corporate social responsibility (CSR) objectives such as minority, ethnic, SME or local suppliers
b3

Vendor Reduction

50% reduction in tail spend vendors, over time. USD700 to set up a new supplier; USD250 per year per supplier relationship manager; Supplier risk and fraud risk
b4

Sourcing Expertise

Our sourcing experts can introduce qualified, competitive vendors

Benefits – User Experience

Slow and cumbersome procurement processes cause huge friction across the whole organization