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

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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

With all of your spend 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.

(for more information on non-compliant supply chain speniding risk go here)

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

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

The Category Management Software Solution that is Accurate & Illuminating.

Capture Every Data Point In Your Category Management With Customizable and Flexible Supplier Taxonomy Definitions. SpendQube, your Category Management Software Solution.

Spend Analysis Sped Up

With our spend analytics you can make more deliberate spending decisions, and gain instant insight into your spend analysis patterns.

Risk & Compliance Management

Root out risky suppliers to maintain the steady flow of goods and comply with regulatory controls.

Tail Spend Management

Increase your tail spend visibility to improve your tail spend management viability.

ESG Reporting Software that helps you meet your Business CO2 & ESG Targets

Ensure compliance with business CO2 & ESG Targets & commitments and regulatory mandates by adding an ESG dimension to your spend analysis, and use SpendQube as your ESG Reporting Software.