But they mostly go under the purchasing radar, with too few purchases for active management and control. Plus tail spend management data is generally spread out across multiple internal systems including ERP & AP Programs.
It’s this lack of visibility and control that leads
to potential waste, mismanagement, and risk.
SpendQube makes it easy to ingest all types of purchasing data from scans of POs to extracts from departmental reports.
By collecting all of your tail spend management data in one place, you can quickly provide increased
visibility to category managers and department heads about how tail spend is
affecting their P& Ls.
The challenge with tail spend management is making sense of large amounts of data. SpendQube helps you cleanse, code, and categorize it quickly, so you can get down to work.
SpendQube is designed to help you auto-cleanse and code spend data. As you add more data it remembers previous categorizations and prevents supplier duplications.
With 4.3 million supplier data points and growing, your existing data will be auto-enriched to ensure better accuracy and insight.
Suppliers are coded to 3 levels of categorization to give you a greater depth of analysis
During your initial setup and import of data, our procurement experts are ensuring everything is cleansed, coded, and matched for greater trust in your analysis.
Filtered dashboards can be exported as line item reports, and delivered to department managers to enforce tail spend compliance.
Build custom dashboards to help you instantly spot opportunities for supplier consolidation, and to communicate opportunities to business leaders.
Supplier categorization errors can be corrected by the user as they work with the data. No more waiting for vendor support for data correction.
By implementing contract management practices, our experts can identify opportunities for consolidation, standardization, and strategic sourcing which enables you to negotiate favorable terms, leverage economies of scale, and achieve cost savings, even on smaller purchases.
Our procurement experts are always available to help you strategize on how to get the right view of data to answer your most challenging procurement analysis questions
Keep your supplier honest by comparing your pricing and terms to industry standards with deep comparisons using our years of analysis and research.
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