Maverick Spend

Gain instant visibility into the non compliant/maverick spend business units with procurement vendor requirements to reduce cost and risk.
20 Spend Analysis Lessons Learned From 20 Chief Procurement Officers

Up to 80% of Your Spend Is Maverick Spend

Maverick spend is a common problem in many organizations due to various factors. To regain control over spend, the first step is to have visibility into it. Without visibility, control is lost. 

Maverick Spend
Can Lead To:

  • Rising Business Costs
  • Increased Procurement Costs
  • Contract Violations
  • Reputational Risk
  • Compliance & Legal Risk

SpendQube Shines A Light
On Maverick Spend

Maverick Spend - a starburst of elements all going their own way

With all of yourspend data in one place, seamlessly connected, and intuitively visualized, you can gain instant visibility into where non-compliant spend is going. And who is doing it.

Maverick Spend
Dashboards

Easy-to-use dashboards help you find
the maverick culprits.

Intuitive Interactive
Dashboards

Informative without being overwhelming, you can interact with the dashboards to fine-tune your analysis.

Customizable
Dashboards

You can configure the dashboards to have your preferred visual style and filters, and then save them.

Filter any dashboard
by non-approved spend

You can update any existing dashboard with this filter to get
a unique view on your maverick spend.

Drill Down
Into Trouble Spots

Find the source of your spend, and then narrow down on potential root causes.

Filter by
any data point

You can find non-compliant spend by any factor, whether that’s geographical, PO Amount, Currency, or more.

Drill down by
types of suppliers

With 3 levels of categorization, you can find the exact categories of suppliers that lead to non-compliant spend.

Identify
root causes

By identifying common trends you can identify typical scenarios
that lead to out-of-bound spending.

Dynamic
Categorization

Update your categorization
data as you analyze.

Recategorize
On The Fly

Miscategorized suppliers
or spend can be quickly updated.

Add New Categories
Without Coding

User-configurable categories
let you make updates without admin hassles.

Find More Mavericks With Our Experts

Bespoke
Analysis

Our team of experts can help you build custom reports that help identify maverick spend and focus areas considering your organization’s unique structure

 

 

Our team of experts can help you build custom reports that help identify maverick spend and focus areas considering your organization’s unique structure

Strategic
Sourcing

Work with our consultants to adopt best practices for maverick spend management which can unlock 7% to 15% of savings depending on the category

Contract
Management

By knowing your maverick spend, our experts can help consolidate suppliers by enforcing preferred supplier agreements and leveraging contractual commitments which give better negotiation power, improved pricing, and streamlined supplier relationship management.

Solutions

Early Customers

Testimonials

We are nominated for Women in Tech excellence awards
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Blog and News

Comprehensive and insightful spend cube analysis is key. Sharing Top 10 tips on spend analysis from FTSE 100 and Fortune 500 procurement leaders.
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20 Spend Analysis Lessons Learned From 20 Chief Procurement Officers

20 Spend Analysis Lessons Learned From 20 Chief Procurement Officers

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