Why should you analyze your tail spend?
Low value purchases which often account for around 20% of the total spend and 80% of the supplier base are often ignored. It has now become crucial to clean, categorize and consolidate tail spend with the rest of your spend.
Identify maverick spending with contracted suppliers
Track Non-compliant purchases
Identify and segment the hidden tail
Aggregating data from P-cards or Corporate cards.
Even though p-cards increase buying flexibility, they often cause compliance and visibility challenges.
Analyze high risk transactions and recurring subscriptions
Clean, categorize and analyze spend to identify purchasing patterns and opportunities
Track earned rebates and discounts
Identify top suppliers commonly used vendors that can be contracted