Lower costs
Optimising your procurement department brings costs down, and there are several ways to do it: automating incoming invoices, a structured payment policy, carefully selecting suppliers, and mapping and reducing your tail spend.
brand photo — office / numbersWhat is tail spend?
At many organisations, tail spend gets limited attention and usually falls outside the procurement department's scope, even though addressing it can strongly optimise purchasing. Tail spend consists of many one-off transactions with different suppliers. For many organisations these transactions are hard to control and are not part of the purchasing of products or services that are essential to the organisation.
How do you reduce tail spend?
One Invoice specialises in reducing total tail spend in the meetings, incentives, conferences, events and travel sectors. One Invoice takes care of vetting all suppliers, the administrative processing of creditors and paying invoices on time. The one-off transactions — often thousands of them — are reduced to just a few, giving you far more visibility of your tail spend. This approach optimises procurement by cutting costs, simplifying the ordering process for employees and making control easier for every department involved.
“One Invoice rid us of our entire tail spend in one go.”
Tail spend problem solved.
One invoice for all small creditors.