Tail Spend

Tail spend, historically characterized as high-volume, low-value transactions outside procurement's purview, has evolved in its definition. In contemporary contexts, tail spend more aptly describes spontaneous expenditures and unclassified supplier purchases marked by low volume, infrequency, or value. Consequently, many companies may not accord priority to the management of tail spend.

The intricacies of tail spend management arise from inadequate data visibility across a myriad of transactions and the manual labor involved, rendering the process both tedious and challenging. As organizations navigate the landscape of procurement, addressing tail spend becomes pivotal for optimizing overall efficiency and financial prudence.

Learn more about Ivalua's Spend Analysis Solutions.