How does the outsourcing of Tail end or low-value
spend work?
- You can reduce the administrative burden on your users, Finance, and Procurement team and the higher costs of managing low-spend transactions or less frequently transacting vendors by outsourcing the end-to-end process from organizing quotes to contracting and payment.
- We also leverage an AI-based crowdsourcing platform for Tail spend management. It reduces the hassles and costs of onboarding lower-spend vendors into your purchasing and payment systems. The outsourcing of Tail spend Management makes your business faster, reduces supply chain risk, improves tax compliance, and saves money.
Illustrative Operations Model For Outsourcing Tail Spend
Opportunity Assessment & Project Planning
Get cost savings with minimum effort
Often, companies are unaware of the opportunity to reduce 3rd party expenditure quickly by identifying and outsourcing Tail spend Management. Buying Simplified’s team will cleanse, analyze, and benchmark your send data, determine the opportunity to outsource Tail spend, and develop an achievable savings plan. Just share your accounts payable (AP) data with us.
Market Expertise & Vendor Management
Get more value &
gain time
Your users may be good in their core job but not perfect in finding and getting the best offers from vendors for their needs. Outsourcing end-to-end management of low-value spend gives them access to broader market expertise. You save time in vendor screening, negotiating, and getting the best terms. You gain time due to a simplified process.
White-glove service, Artificial Intelligence (AI) technology
Your Procurement process runs continuously and automatically
Buying Simplified leverages AI technology to simplify the sourcing and payment process and eliminate work for you. Get rid of multiple emails and countless hours managing spreadsheets, manually tracking, and entering data. Say goodbye to following up with vendors for offers and your contracting and procurement team for contracts, POs, and payments.
Get white-glove service and check in only with your Buying Simplified team as frequently as you’d like; we’re here whenever you have a question or need something done.
Contact us to start
saving money
by outsourcing your Tail spend!
What differentiates our
Tail Spend Management Solution
We deliver a frictionless employee experience
Our AI technology does the heavy lifting. It’s so intuitive that your employees with no knowledge of the Procurement or Finance process can use it in minutes and will want to use it. As easy as creating a watch party on Netflix or ordering team lunches on Doordash, they can collaborate centrally in one place and rapidly complete their purchasing requests.
We help you enhance efficiency and improve performance
Our AI technology, combined with our white glove, handles your busy work. With on-the-move data, real-time alerts, and action recommendations at your fingertips, you reduce re-work and minimize confusion and miscommunication. You can focus more on your core work and drive impact by making analytics accessible to everyone.
We help you sustain precious company knowledge
With employee turnover, companies often lose vendor and market knowledge, historical data, and other critical parameters important for incoming employees and other users. Our solution makes such knowledge available anytime and delivers actionable intelligence for future purchases, payment, and business decisions.
What differentiates our Tail Spend Management Solution
We deliver a frictionless employee experience
Our AI technology does the heavy lifting. It’s so intuitive that your employees with no knowledge of the Procurement or Finance process can use it in minutes and will want to use it. As easy as creating a watch party on Netflix or ordering team lunches on Doordash, they can collaborate centrally in one place and rapidly complete their purchasing requests.
We help you enhance efficiency and improve performance
Our AI technology, combined with our white glove, handles your busy work. With on-the-move data, real-time alerts, and action recommendations at your fingertips, you reduce re-work and minimize confusion and miscommunication. You can focus more on your core work and drive impact by making analytics accessible to everyone.
We help you sustain precious company knowledge
With employee turnover, companies often lose vendor and market knowledge, historical data, and other critical parameters important for incoming employees and other users. Our solution makes such knowledge available anytime and delivers actionable intelligence for future purchases, payment, and business decisions.
Buying Simplified Tail Spend Solution.
Your Partners for success.
On boarding
24 Hrs
New suppliers onboarded in 24 hours or less to start work.
Settlement
100 %
Payment for 100% purchases is settled Net30
Savings
5 %
Average 5% savings for all outsourced tail spend
Dedicated account lead
Same time zone support
Back-up support during holidays & weekend
Let's Chat
Let's Chat
Technologies We Support
CASE STUDY
We Helped Our Client Reduce Their Past Due Payments From > 40% To Less Than 5%
Clinical-stage biotechnology company, California, USA
Case Study
Case Study
Case Study
Case Study
Case Study
Case Study
Hear from our customers who transformed their Finance
processes with Buying Simplified
