PROACTIS advises organisations to take action. To establish a clear strategy for spend compliance that ensures all organisation-wide purchases are in line with corporate policies, established budgets and negotiated supplier agreements to avoid costly and uncontrolled off-contract purchases.
Simon Dadswell, EVP Group Marketing at PROACTIS, said: “Organisations should be taking note of where cost savings are not fully being realised and putting in place compliance management programs to force adherence to spend guidelines. After all, improved spend compliance translates directly to the bottom line by reducing operating cost and increasing profitability.”