Tail Spend

Tail spend refers to purchases that are made outside of an organization’s regular procurement process. Often, these purchases are too small to be accounted for by a company's procurement department, or they are one-off purchases that fall outside of regular, planned buying cycles.

Tail spend can be reduced with technology that streamlines and automates the procurement process. These solutions can include an internal SaaS marketplace where employees can find and buy company-approved software. By reducing tail spend, organizations can reduce risk to budgets, save costs, increase spend under management, and improve data quality and reporting.

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