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

arrow41%

Increased supply-base risk

arrow44%

Increased purchasing costs

arrow33%

Dissatisfied customers

arrow15%

Quality & service issues from unapproved suppliers

arrow63%

Decreased realization of sourcing savings

arrow63%

Sourcing leverage from fragmented spend

Source – The Hackett Group – Maverick Spend Report

Why Procol for Tail Spend Management?

  • icon

    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.

  • icon

    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.

  • icon

    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.

  • icon

    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.

Insights from Procol

forbes

“Helps companies make purchases from suppliers who bid for their business in a live online platform”

— Forbes 30 Under 30 Asia
business

“The startup helps food retailers procure inventory online, has clients such as Bikanervala and Big Bazaar.”

— Yuvraj Malik
cpo

“A single platform for sourcing, collaboration, commodity insights; helps businesses save cost and time”

— Editorial Desk

Procol can revolutionize procurements for you.

Connect with an expert who can share more about our solutions and answer any questions you have.

Get Demo
Try for Free • Fast Onboarding • Security and Privacy