Tail Spend Management

Save up to 20% of your procurement budget by cutting down on maverick or unmanaged spending. Procol can help you take control of your tail spend and unearth better savings with greater spend visibility.

Consequences of Rogue Spending Go Beyond Just Lost Savings

41%

Increased supply-base risk

44%

Increased purchasing costs

33%

Dissatisfied customers

15%

Quality & service issues from unapproved suppliers

63%

Decreased realization of sourcing savings

63%

Sourcing leverage from fragmented spend

Source – The Hackett Group – Maverick Spend Report

Why Procol for Tail Spend Management?

Increased Percentage of Savings
Take advantage of Procol’s cutting-edge tail spend management solution to categorise low-value spend categories and devise strategies basis your goals. By using smart procurement software, your procurement spend can reflect savings of up to 20% while getting competitive prices on sourced goods/services.
Greater Spend Visibility
Our smart algorithms cleanse, normalise, and classify your spend data to generate insights for empowering procurement managers. We centralise your data in one place in a standardised format that can help you in proactively managing costs for individual spend categories.
Maximise Operational Efficiency and Compliance
Our smart algorithms cleanse, normalise, and classify your spend data to generate insights for empowering procurement managers. We centralise your data in one place in a standardised format that can help you in proactively managing costs for individual spend categories.
Transparent Process with Automated eRFX and eAuction
Procol’s state-of-the-art procurement solution digitises all RFQ requests, which makes the bidding process easier for both bidders and initiators. Our eAuction platform stimulates transparent bidding to get competitive prices and minimise unwarranted spending.