We have made buying for business as easy as what you are used to at home
Tail Spend refers to low-value, high volume purchases made by a company that often get overlooked. The process tail spend management can be time-consuming, manual, and inefficient. These purchases can add up to a significant amount of money and often lack the same level of visibility and control.
COLLECTIVESPEND TAIL SPEND MARKETPLACE
We have developed an online private marketplace platform to automate tail spend with a self-service model that allows end users to purchase without procurement’s involvement. This helps companies manage their tail spend by centralizing and streamlining their low-value procurement processes. The platform provides a centralized repository of suppliers and helps companies purchase goods and services from these suppliers in a more efficient and cost-effective manner.
Tail Spend Marketplace That Covers All Your Procurement Tail End Spend in a Familiar and Easy to Use, Look & Feel
Some features are:
What is Buying Desk?
Any non-catalog requirements will be handled by the CollectiveSpend Buying Desk team with target to drive majority of the requirements through the Marketplace to reduce costs and speed up cycle time.
How it works?
1. Requestor issues a Non-Catalog Request
The requestor submits the non-catalog request to CollectiveSpend Buying Desk through the Tail Spend Marketplace.
2. Buying Desk processes the request
Buying Desk team validates & logs the request and communicates with the requestor about the requirement gathering further details as required.
3. Buying Desk issues RFQ’s / RFP’s
Buying Desk creates the RFQ / RFP and issues it electronically to the market through the Tail Spend Marketplace.

4. Negotiations
Buying Desk team manages the negotiations with suppliers.
5. Approvals & PO
Buying Desk submits the quotes to requestor through the Tail Spend Marketplace. The requestor selects the preferred option and once this is approved, order can be placed.
6. Invoicing & Payments
Invoicing and payments through the CollectiveSpend Payment Consolidation Service or directly between client and supplier. Repeating requirements to be included into the catalog to speed up purchasing process.
What it covers?
Covers tactical and strategic sourcing projects.
It covers anything that is not available on the current Marketplace catalogs.
Covers existing supplier relationships and agreements or Quick mini RFP or RFQ’s issued to market, options provided to requestor for processing to issuing PO’s.
Service provided based on your policies i.e. 3 quotations per request minimum.
We do this so your internal procurement team can focus more on strategic needs!
BENEFITS OF USING COLLECTIVESPEND TAIL SPEND MARKETPLACE

Flexible expertise
Highly experienced and flexible team fully focus on indirect spend.
Flexible resourcing – fees linked to production, pay for results.Â

Consolidated invoicing
Reduction on AP costs through consolidated invoicing and one point of payments. No more hundreds or thousands of supplier invoices.Â

One-Stop-Shop
One stop shop procurement service. We cover all your indirect spend requirements across all categories.Â
LEARN MORE ABOUT Our Tail Spend Marketplace
OTHER features
The Marketplace has built in dashboards that provide key information that include:
Overview of quotations & tenders
Spend breakdowns
Volume breakdown
Spend trends
Order breakdowns
Supplier quality
Similarly, details on individual Orders, Quotations, RFP’s are visible.
All of the information can be exported on excel for further analysis.

Standard and Premium features
SAMPLE INTEGRATIONS
Secure cloud-based
Clear authorization and authentication for your peace of mind
Fast process
Integration typically takes 1-3 weeks with testing.
For approvals
Cart details transferred to your system for approval process before a touchless issuing of PO to suppliers.
Become A Buyer
As a Tail Spend Marketplace platform, we can help your organisation streamline & improve your procurement or purchasing processes while allowing access to potentially substantial savings via vetted supplier’s products and service offerings. Enable the self-service procurement platform for your users here.
Become A Supplier
Would you like to be part of the CollectiveSpend Tail Spend Marketplace and like to have the tools and features needed to effectively sell products and services in a Tail Spend eCommerce Platform to large and medium sized global and regional organizations?