{"id":50861,"date":"2023-05-19T06:13:46","date_gmt":"2023-05-19T11:13:46","guid":{"rendered":"https:\/\/simfoni.com\/?p=50861"},"modified":"2025-02-10T08:46:58","modified_gmt":"2025-02-10T13:46:58","slug":"tail-spend-management-for-procurement-success","status":"publish","type":"post","link":"https:\/\/simfoni.com\/tail-spend\/tail-spend-management-for-procurement-success\/","title":{"rendered":"Taming the Tail: Unlocking Tail Spend Management for Procurement Success in 2023"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"50861\" class=\"elementor elementor-50861\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-b0b887a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"58847\" data-id=\"b0b887a\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-551b4ee\" data-eae-slider=\"26162\" data-id=\"551b4ee\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1fe603 elementor-blockquote--skin-border elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"f1fe603\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tSimfoni&rsquo;s Stefan Dent takes the stage at ISM World to demystify the problem of <a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\" data-internallinksmanager029f6b8e52c=\"11\" title=\"Tail Spend\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/a>.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Simfoni.com<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=Simfoni%E2%80%99s+Stefan+Dent+takes+the+stage+at+ISM+World+to+demystify+the+problem+of+tail+spend.+%E2%80%94+Simfoni.com&amp;url=https%3A%2F%2Fsimfoni.com%2Ftail-spend%2Ftail-spend-management-for-procurement-success%2F&amp;via=simfoniapps\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51e8500 elementor-widget elementor-widget-text-editor\" data-id=\"51e8500\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW136598818 BCX0\">Last week, I had <\/span><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW136598818 BCX0\">the<\/span><span class=\"NormalTextRun CommentHighlightPipeRest SCXW136598818 BCX0\"> opportunity to take the stage at <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">the <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">ISM<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\"> World<\/span> <span class=\"NormalTextRun SCXW136598818 BCX0\">Conference <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">in Dallas, Texas, where I discussed <strong>&lsquo;The Year of The Tail&rsquo;<\/strong> and the growing<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\"> need <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">for <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">organizations to <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">have <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">a <\/span><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW136598818 BCX0\">fit <\/span><span class=\"NormalTextRun CommentHighlightRest SCXW136598818 BCX0\">for<\/span> <span class=\"NormalTextRun CommentHighlightRest SCXW136598818 BCX0\">purpose<\/span> <span class=\"NormalTextRun SCXW136598818 BCX0\">solution in place for<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\"> control<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">ling<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\"> and <\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">optimiz<\/span><span class=\"NormalTextRun SCXW136598818 BCX0\">ing<\/span> <span class=\"NormalTextRun SCXW136598818 BCX0\"><a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/strong><\/a>. The response from the audience was fantastic, with a flood of follow-up inquiries on how to tackle <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>. It truly highlighted the urgency of addressing this issue.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-3e88233 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"45277\" data-id=\"3e88233\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-111f533\" data-eae-slider=\"73865\" data-id=\"111f533\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5249aff elementor-widget elementor-widget-text-editor\" data-id=\"5249aff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW209815926 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW209815926 BCX0\">Until now, unmanaged <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> may not have been a top priority for organizations, resulting in them enduring the status quo. However, things have changed in 2023, and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> has become a top 3 priority for Chief <a href=\"https:\/\/simfoni.com\/procurement\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Procurement\" target=\"_blank\" rel=\"noopener\">Procurement<\/a> Officers (CPOs) due to several factors<\/span><span class=\"NormalTextRun SCXW209815926 BCX0\">:<\/span><\/span><span class=\"EOP SCXW209815926 BCX0\" data-ccp-props='{\"335559739\":120}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20cf9f7 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"20cf9f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-dot-circle\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm80 248c0 44.112-35.888 80-80 80s-80-35.888-80-80 35.888-80 80-80 80 35.888 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Poor user experience creates a negative perception of procurement&rsquo;s value  <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-dot-circle\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm80 248c0 44.112-35.888 80-80 80s-80-35.888-80-80 35.888-80 80-80 80 35.888 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">A fundamental shift in priorities to purchase in a sustainable and socially responsible manner <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-dot-circle\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm80 248c0 44.112-35.888 80-80 80s-80-35.888-80-80 35.888-80 80-80 80 35.888 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Procurement seeking additional savings due to cost pressures  <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9c2da4 elementor-widget elementor-widget-text-editor\" data-id=\"e9c2da4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW92724121 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW92724121 BCX0\">Let&rsquo;s<\/span><span class=\"NormalTextRun SCXW92724121 BCX0\"> delve into the context of <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> and why it has been a notorious <strong>&ldquo;problem child&rdquo;<\/strong> for procurement teams. Traditionally, teams have used various solutions like <a href=\"https:\/\/simfoni.com\/eprocurement\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eProcurement<\/span><\/strong><\/a>, BPO, shared services, P-cards, and other payment solutions, but these approaches only address part of the problem. However, there is good news. Tail <\/span><span class=\"NormalTextRun SCXW92724121 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW92724121 BCX0\"> management solutions have evolved, recognizing the need to bring more <\/span><span class=\"NormalTextRun SCXW92724121 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW92724121 BCX0\"> under management.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfbf81b elementor-widget elementor-widget-text-editor\" data-id=\"dfbf81b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW217476630 BCX0\">When we refer to <strong>&ldquo;<span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>&rdquo; <\/strong><\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">we&rsquo;re<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> talking about the 10-20% of spend value that accounts for over 80% of suppliers and transactions. In many cases, the real tail can be even greater, exceeding 90% of suppliers and <\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">transactions. <\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">For<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> mid-market organizations, <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> <\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">can<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> encompass all indirect spen<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">d,<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> and <\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">also<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> some direct<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> spend<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">.<\/span> <span class=\"NormalTextRun SCXW217476630 BCX0\">It&rsquo;s<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> crucial to note<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> that <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> <\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">varies across<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> organizations<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\">,<\/span><span class=\"NormalTextRun SCXW217476630 BCX0\"> which is why Simfoni uses advanced analytics to segment spend into <strong>&lsquo;Zones&rsquo;<\/strong> to inform delivery approach<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45bd7e9 elementor-widget elementor-widget-text-editor\" data-id=\"45bd7e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #ff6600;\"><strong>Read More:-<\/strong><\/span> <a href=\"https:\/\/simfoni.com\/procurement-strategy\/build-procurement-resilience\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"TextRun SCXW35713990 BCX0\" lang=\"EN-IN\" xml:lang=\"EN-IN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW35713990 BCX0\">4 Spend Data Differentiation Strategies That Will Set Your Company Apart<\/span><\/span><\/strong><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-66b21d7\" data-eae-slider=\"8163\" data-id=\"66b21d7\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ada380 elementor-widget elementor-widget-text-editor\" data-id=\"1ada380\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<iframe src=\"https:\/\/simfoni.com\/web-stories\/tail-spend-management-for-procurement\/\" width=\"auto\" height=\"550px\"><\/iframe>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-b9c26da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"73553\" data-id=\"b9c26da\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-10d6e50\" data-eae-slider=\"41171\" data-id=\"10d6e50\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51227e5 elementor-widget elementor-widget-heading\" data-id=\"51227e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Identifying <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Tail Spend<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4440ad0 elementor-widget elementor-widget-text-editor\" data-id=\"4440ad0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW135973591 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW135973591 BCX0\">The simplest way to frame tail for your own organization is to <\/span><span class=\"NormalTextRun SCXW135973591 BCX0\">determine<\/span> <\/span><strong><span class=\"TextRun SCXW135973591 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW135973591 BCX0\">&lsquo;Unmanaged and Unpatrolled Spend<\/span><span class=\"NormalTextRun SCXW135973591 BCX0\">&rsquo;<\/span><\/span><\/strong><\/p><p><strong><span class=\"TextRun SCXW11074984 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW11074984 BCX0\">Unmanaged Spend<\/span><\/span><\/strong><span class=\"TextRun SCXW11074984 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW11074984 BCX0\">refers<\/span> <span class=\"NormalTextRun SCXW11074984 BCX0\">to<\/span> <span class=\"NormalTextRun SCXW11074984 BCX0\">purchases<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\"> not actively managed by the Procurement team<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW11074984 BCX0\">delegated to <\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">the <\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">user<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\"> to <\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">sourc<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">e<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">. <\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">Procurement may approve the supplier and quote, but <\/span><span class=\"NormalTextRun SCXW11074984 BCX0\">let&rsquo;s<\/span><span class=\"NormalTextRun SCXW11074984 BCX0\"> be clear, this is not proactive <a href=\"https:\/\/simfoni.com\/spend-management-101\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/strong><\/a>.<\/span><\/span><\/p><p><span class=\"TextRun SCXW46791037 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW46791037 BCX0\">You then have<\/span> <\/span><strong><span class=\"TextRun SCXW46791037 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW46791037 BCX0\">Unpatrolled Spend<\/span><\/span><\/strong> <span class=\"TextRun SCXW46791037 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW46791037 BCX0\">whe<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">re<\/span> <span class=\"NormalTextRun SCXW46791037 BCX0\">p<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">rocurement <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">has<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> implemented a <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">preferred supplier <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">framework that users are <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">expected<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> to use, but <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">p<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">rocurement is not actively <strong>&lsquo;patrolling&rsquo;<\/strong> the spend. Examples<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> of this<\/span> <span class=\"NormalTextRun SCXW46791037 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> include office products, <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">maintenance, repair, operations (<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">MRO<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">)<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">, print, <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">IT consumables,<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> and<\/span> <span class=\"NormalTextRun SCXW46791037 BCX0\">couriers<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">. <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"><a href=\"https:\/\/simfoni.com\/procurement\/\" target=\"_blank\" rel=\"noopener\"><strong>Procurement<\/strong><\/a> assumes that users <\/span><span class=\"NormalTextRun SCXW46791037 BCX0\">comply with<\/span><span class=\"NormalTextRun SCXW46791037 BCX0\"> these agreements. Wrong! In our experience, when we run the analysis, <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">compliance rate<\/span>s are often under 20%, which can be a shock to Procurement when presented with the facts.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddb29b9 elementor-widget elementor-widget-image\" data-id=\"ddb29b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1279\" height=\"579\" src=\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/What-is-Tail-Spend-1.png\" class=\"attachment-full size-full wp-image-40156\" alt=\"What is Tail Spend\" srcset=\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/What-is-Tail-Spend-1.png 1279w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/What-is-Tail-Spend-1-300x136.png 300w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/What-is-Tail-Spend-1-1024x464.png 1024w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/What-is-Tail-Spend-1-768x348.png 768w\" sizes=\"(max-width: 1279px) 100vw, 1279px\"\/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Tail Spend in Procurement<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4f59db elementor-widget elementor-widget-text-editor\" data-id=\"e4f59db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #ff6600;\"><strong>Read More:-<\/strong><\/span>&nbsp; <strong>&nbsp;<span style=\"color: #008080;\">Guide to <a style=\"color: #008080;\" href=\"https:\/\/simfoni.com\/procurement-software-101\/\" target=\"_blank\" rel=\"noopener\">Procurement Software<\/a><\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-44893cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"85514\" data-id=\"44893cb\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31dfe52\" data-eae-slider=\"83436\" data-id=\"31dfe52\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b439d1 elementor-widget elementor-widget-heading\" data-id=\"9b439d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Unmanaged and Unpatrolled Spend is all <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Tail Spend<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e8e6c0 elementor-widget elementor-widget-text-editor\" data-id=\"7e8e6c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW241395551 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241395551 BCX0\">Unmanaged and Unpatrolled spend collectively form <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>. In some cases, procurement may be managing <\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">additional<\/span> <span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW241395551 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> that <\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">shouldn&rsquo;t<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> fall under their responsibility due to its commoditized nature<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">, so this <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW241395551 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> is often migrated into the tail program<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">. Focusing on strategic spend is essential, and that&rsquo;s where Simfoni&rsquo;s core spend <\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">expertise<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> comes into play. With Simfoni&rsquo;s <a href=\"https:\/\/simfoni.com\/spend-automation\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/span> solutions<\/strong><\/a>, procurement teams can redirect their limited resources to strategic initiatives, leaving the management of <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> to Simfoni, wh<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">o<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> successfully handle<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\">s<\/span><span class=\"NormalTextRun SCXW241395551 BCX0\"> this for customers worldwide.&nbsp;<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41b9f80 elementor-widget elementor-widget-text-editor\" data-id=\"41b9f80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW176080488 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW176080488 BCX0\">Traditional tail <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> solutions<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">,<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> including <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">shared services, BPO and P<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">Card<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">s,<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> have remained stagnant for the past two decades, often leaving users dissatisfied with the service.<\/span> <span class=\"NormalTextRun SCXW176080488 BCX0\">Today&rsquo;s <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">user<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">s<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> expect a modern<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">,<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> B2C<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">&ndash;<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">type <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">purchasing<\/span> <span class=\"NormalTextRun SCXW176080488 BCX0\">experience<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> for everyday <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW176080488 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">. <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">However, they are often faced <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">with multiple purchasing channels across <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">various<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> systems<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">, leading to a frustrating<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> user experience. <\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">It&rsquo;s<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> no surprise<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\"> the average user detests procurement<\/span><span class=\"NormalTextRun SCXW176080488 BCX0\">.<\/span><\/span><span class=\"EOP SCXW176080488 BCX0\" data-ccp-props='{\"335559739\":120}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8647c4e elementor-widget elementor-widget-text-editor\" data-id=\"8647c4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW218272180 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW218272180 BCX0\">Tail <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> is<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> inherently<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> local, <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">while <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">BPO personnel are often<\/span> <span class=\"NormalTextRun SCXW218272180 BCX0\">located<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> far away<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> and lack knowledge of local markets and providers<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">. BPO s<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">ervices tend to focus on basic <\/span><strong><span class=\"NormalTextRun SCXW218272180 BCX0\">&lsquo;<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">3 <span class=\"\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>bid<\/span>s and a buy<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">&rsquo;<\/span><\/strong><span class=\"NormalTextRun SCXW218272180 BCX0\"> and compliance checks, <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">generating<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> value in the first year but <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">failing<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> to address<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> the <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">core <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">problem. <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">Moreover, <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">BPO <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">providers <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">do not<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> offer digital <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> solutions<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW218272180 BCX0\">tending to <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">rely on the<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> client&rsquo;s <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">own <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">purchasing systems. <\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">In some cases, BPO <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW218272180 BCX0\">teams<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\"> resort to outdated email and Excel methods, which is quite farcical<\/span> <span class=\"NormalTextRun SCXW218272180 BCX0\">in this day and age<\/span><span class=\"NormalTextRun SCXW218272180 BCX0\">.<\/span><\/span><span class=\"EOP SCXW218272180 BCX0\" data-ccp-props='{\"335559739\":120}'>&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f3e077 elementor-widget elementor-widget-text-editor\" data-id=\"9f3e077\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW109751693 BCX0\">While P-cards and other payment solutions play a role in addressing <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>, they serve as band-aid solutions when used on their own. <\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">P<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">ayment providers <\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">assist<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\"> users in getting what they want, alleviating the burden from procurement. However, they <\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">don&rsquo;t<\/span> <span class=\"NormalTextRun SCXW109751693 BCX0\">optimize<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\"> the <\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">. <\/span><span class=\"NormalTextRun SCXW109751693 BCX0\">When we run the <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW109751693 BCX0\">analytics<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\"> we see these payment providers <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW109751693 BCX0\">creeping<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\"> into the top rankings based on their transaction fees. Payment providers make it easy for the user to spend rogue. Surprise! This is what we mean by solving today&rsquo;s problem, but you are creating an even bigger longer-term problem as <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW109751693 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW109751693 BCX0\"> becomes even more fragmented with the payment providers sitting back raking in their fees!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-0155822 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"57597\" data-id=\"0155822\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ccaad82\" data-eae-slider=\"20708\" data-id=\"ccaad82\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-901312b elementor-widget elementor-widget-heading\" data-id=\"901312b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Solve Tail<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ebe8c4 elementor-widget elementor-widget-text-editor\" data-id=\"7ebe8c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>So, how do we solve <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>? The solution requires a few key components:&nbsp;<\/strong><\/p><ol><li><span data-contrast=\"auto\">A digital, user-friendly interface<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><li><span data-contrast=\"auto\">Access to self-service purchasing with digital content and pre-populated deals&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><li><span data-contrast=\"auto\">Self-<a href=\"https:\/\/simfoni.com\/sourcing\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Sourcing\" target=\"_blank\" rel=\"noopener\">sourcing<\/a> capabilities for quick quotes<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><li><span data-contrast=\"auto\">Embedded localized BuyDesk <a href=\"https:\/\/simfoni.com\/sourcing\/\" target=\"_blank\" rel=\"noopener\">sourcing<\/a> services for more complex spend<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><li><span data-contrast=\"auto\">Embedded vendor management and payments.&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81a5625 elementor-widget elementor-widget-text-editor\" data-id=\"81a5625\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW169898851 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW169898851 BCX0\">Simfoni encompasses all these components, providing users with the necessary content and services to source their needs quickly and at the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">best value<\/span>.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-143cacd elementor-widget elementor-widget-image\" data-id=\"143cacd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook.png\" class=\"attachment-full size-full wp-image-45147\" alt=\"Download Tail Spend Handbook\" srcset=\"https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook.png 1200w, https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook-300x157.png 300w, https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook-1024x536.png 1024w, https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook-768x402.png 768w, https:\/\/simfoni.com\/wp-content\/uploads\/2022\/07\/Download-Tail-Spend-Handbook-150x79.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Download Tail Spend Handbook<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200d3b6 elementor-widget elementor-widget-text-editor\" data-id=\"200d3b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW79920340 BCX0\">User experience is critical as it directly <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">impacts<\/span><span class=\"NormalTextRun SCXW79920340 BCX0\"> the <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">perception<\/span><span class=\"NormalTextRun SCXW79920340 BCX0\"> of the value of the procurement function. <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">Designing the solution around the user experience is <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">a game-changer<\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">. <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">We want to create Happy Users! <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">Users enjoy a superior experience with a platform that <\/span><span class=\"NormalTextRun SCXW79920340 BCX0\">doesn&rsquo;t<\/span><span class=\"NormalTextRun SCXW79920340 BCX0\"> resemble a traditional procurement system.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f10cb7 elementor-widget elementor-widget-text-editor\" data-id=\"1f10cb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW160912599 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW160912599 BCX0\">At Simfoni, we understand that managing vendors and payments is an <\/span><\/span><span class=\"TextRun SCXW160912599 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW160912599 BCX0\">integral <\/span><\/span><span class=\"TextRun SCXW160912599 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW160912599 BCX0\">part of tail <a href=\"https:\/\/simfoni.com\/spend-management-101\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Spend Management\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/a>. <\/span><span class=\"NormalTextRun SCXW160912599 BCX0\">That&rsquo;s<\/span><span class=\"NormalTextRun SCXW160912599 BCX0\"> why our solution includes <\/span><span class=\"NormalTextRun SCXW160912599 BCX0\">global <\/span><span class=\"NormalTextRun SCXW160912599 BCX0\">vendor management and payment services. Simfoni becomes your <strong>&lsquo;one vendor,&rsquo; <\/strong><\/span><span class=\"NormalTextRun SCXW160912599 BCX0\">operating<\/span><span class=\"NormalTextRun SCXW160912599 BCX0\"> as an extension of your procurement team, handling vendor <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">onboarding<\/span> and global payments. In addition to double-digit savings from competing and right-sizing <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>, our customers <\/span><span class=\"NormalTextRun SCXW160912599 BCX0\">benefit<\/span><span class=\"NormalTextRun SCXW160912599 BCX0\"> from over 80% reduction in <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">accounts payable<\/span> (AP) processing volumes.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-4d8078e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"53205\" data-id=\"4d8078e\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e567d3c\" data-eae-slider=\"43750\" data-id=\"e567d3c\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e99466 elementor-widget elementor-widget-heading\" data-id=\"9e99466\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How To Get Started<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3bc557 elementor-widget elementor-widget-text-editor\" data-id=\"c3bc557\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW110122645 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW110122645 BCX0\">Getting started with Simfoni is quick and easy. We seamlessly connect to your existing systems to intercept <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span>. Within a few weeks, our customers become operational, and as their needs grow, our solution scales with them, offering global coverage.<\/span><\/span><span class=\"EOP SCXW110122645 BCX0\" data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86ab215 elementor-widget elementor-widget-image\" data-id=\"86ab215\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1280\" height=\"593\" src=\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/Benefits-of-Spend-Automation-Solution-to-Manage-Tail-Spend.png\" class=\"attachment-full size-full wp-image-40158\" alt=\"Benefits of Spend Automation Solution to Manage Tail Spend\" srcset=\"https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/Benefits-of-Spend-Automation-Solution-to-Manage-Tail-Spend.png 1280w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/Benefits-of-Spend-Automation-Solution-to-Manage-Tail-Spend-300x139.png 300w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/Benefits-of-Spend-Automation-Solution-to-Manage-Tail-Spend-1024x474.png 1024w, https:\/\/simfoni.com\/wp-content\/uploads\/2021\/12\/Benefits-of-Spend-Automation-Solution-to-Manage-Tail-Spend-768x356.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"\/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Benefits of Spend Automation Solution to Manage Tail Spend<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12b29c9 elementor-widget elementor-widget-text-editor\" data-id=\"12b29c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW79107062 BCX0\">O<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">ur mission is to democratize <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"> and provide organizations of any size with the tools to automate and <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">optimize<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"> tail <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW79107062 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">, extending all the way to strategic <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">. Our <a href=\"https:\/\/simfoni.com\/products\/\" target=\"_blank\" rel=\"noopener\"><strong>PAY AS YOU SAVE (PAYS)<\/strong><\/a> commercial model <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">eliminates<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"> the friction of traditional software-<span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">as-a-service<\/span> (SaaS) licensing and <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">eliminates<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"> the need for complex business cases<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"> with <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">savings off<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">-setting fees which can make <\/span><span class=\"NormalTextRun SCXW79107062 BCX0\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> programs self-<\/span><span class=\"NormalTextRun SCXW79107062 BCX0\">financing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3eb923 elementor-widget elementor-widget-text-editor\" data-id=\"d3eb923\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #008080;\"><strong><span class=\"TextRun SCXW32739894 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW32739894 BCX0\">I would love to engage with you on <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span> and all things procurement. Feel free to share your comments or reach out to me via <a href=\"mailto:stefan.dent@simfoni.com\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff6600;\">email<\/span><\/a><\/span><\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Simfoni&rsquo;s Stefan Dent takes the stage at ISM World to demystify the problem of <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail spend<\/span><\/span>. Simfoni.com Tweet Last week, I had the opportunity to take the stage at the ISM World Conference in Dallas, Texas, where I discussed &lsquo;The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[442],"tags":[457,458],"class_list":["post-50861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tail-spend","tag-tail-spend","tag-tail-spend-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Unlocking Tail Spend Management for Procurement Success<\/title>\n<meta name=\"description\" content=\"Discover why Tail Spend Management for Procurement has become a top priority for CPOs and how it impacts user experience and sustainability. 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