PROBLEM: Organisations of all types and sizes are under constant pressure to do more with less. In most organisations, the key processes have been streamlined and improved over the past few years. But a wide range of problems are endemic to those who ignore the procurement process for indirect expenditure.
Maverick Buying
- Spending over budget
- Incorrect cost allocation
- Unauthorised transactions
- No corporate compliance
- No legal compliance
- Inconsistent process
No Visibility
- No spend analysis
- Transaction flow invisible
- Cost pipeline invisible
- Budgets/commitment access
- Contracts inaccessible
- Manual catalogue sources
- Unexpected transactions
No Savings
- No economies of scale
- Negotiated contracts ignored
- Costly process
- Too many staff
- Audit fees too high
- Productivity gains missed
- Inefficient paper trail
- Process bottlenecks
- Documents get lost
- Duplicated transactions
- Annual account coding
- Paper intensive process
- Delays