Best Practices for Implementing A Tail Spend Management Platform
Implementing a tail spend management platform can make it easier for companies to handle those small but many purchases that often get overlooked. These are known as tail spend, and they can add up fast if they’re not managed well. By organizing and automating these expenses, businesses can save money and reduce hassle. One of […]
How to Improve Supplier Relationships and Ensure Better Deals
Maintaining good relationships with suppliers is key to getting the best deals. They are not just providers of goods and services; they are partners in your business success. By focusing on building trust and clear communication, companies can ensure a smooth and beneficial partnership. Strong supplier relationships lead to more than favorable terms and prices. […]
Comparing Tail Spend Management Platforms: Key Differences
Tail spend management refers to handling the smaller, often overlooked purchases that clutter a company’s expense report. For many large businesses, managing these small purchases can be challenging and time-consuming. Unlike general procurement platforms that manage all types of expenditures, tail spend management platforms focus specifically on automating and optimizing these smaller transactions. One of […]
How to Overcome Procurement’s Biggest Pain Point in 2025
Procurement professionals face many challenges in 2025. Among these challenges, managing tail spend stands out as a major pain point. Tail spend includes low-value purchases that don’t get the same attention as larger expenses but can accumulate to a significant cost. Dealing with these small transactions can be time-consuming and complex. Budget constraints add another […]