Tactical Tail Spend
Reduce risk. Increase visibility.
Often ignored due to limited resources and the challenge of bringing suppliers under management, the tail end of your supply chain is hiding significant cost-saving opportunities. Our Tail Spend Management solutions allow your procurement team to focus on core business functions, while we manage the 80% of your suppliers that account for 20% of your spend. Let Group O convert your tail into strategically managed spend.
Streamline Supplier Invoicing
When you partner with Group O for tail spend management, we become your single source of contact for supplier management, including invoicing. We are able to resolve discrepancies, protect you from being overcharged, and simplify your accounts payable with one invoice.
Control Maverick Spending
Maverick spending occurs when purchases are made outside of a negotiated contract or without going through the proper procurement process. When a department or individual purchases materials or services independently, it generally results in a higher purchase price. Our e-Procurement portal provides a highly configurable solution that enables you to establish what an employee, or branch of your company is allowed to spend and where they are allowed to spend it.
Improve Cash Flow
Our tail spend management allows you to take a strategic approach to Accounts Payable. We offer one invoice with flexible payment terms that are the most favorable to your business.
- Centralize accounts payable
- Consolidated payment terms
- Maximize discounts and volume savings
- Reduce processing costs
We collect, cleanse, and categorize your direct and indirect spend data to identify cost-saving opportunities, improve efficiency, and monitor supplier and contract compliance.
- How much are you spending?
- Who are you spending it with?
- Are you getting the agreed to product or service?
Ensure your supplier strategy aligns with company objectives and that you have visibility into supplier performance and relationships.
- Vetting and onboarding
- Online portals
- Performance management