Tail Spend Management in Financial Services
For procurement departments in financial services, risk mitigation is as important as cost control. Given that tail spend—another name for low-value, unmanaged spend—constitutes up to 90% of an organization’s spend by volume, it represents a significant source of risk. For this reason, procurement in financial services stands to gain from adopting a robust tail spend management strategy.
Download the paper now to see our view on a study done by Proxima regarding procurement in the financial services industry.