Spend reduction, Compliance

What is Tail Spend,
And Why Should You Care?

Low-value transactions spread across multiple spending categories and sourced and negotiated by the end users independently represent the Tail spending of a company.

Tail-spend vendors pose operational challenges and legal, cost, and reputational risks to organizations.

Learn why you should outsource Tail spend management.

Stakeholders’ and vendors’ engagement

Start Working With Vendors Faster And Get Better Deals

For requesters, the advantage is a simpler and quicker procure-to-pay process. For the finance team, the benefit is better control and higher savings with the reduced process and transaction burden.

PO management and payment

Faster Onboarding Of Vendors & Quicker Payments

Setting up and approving vendors in customers’ purchasing and payment systems can take weeks. When management of Tail spend management is outsourced to Buying Simplified, we become the primary vendor, and your vendors can begin to work faster, invoice quicker, and get paid more quickly.

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.

Hear from our customers who transformed their Finance
processes with Buying Simplified

You are great at your work. I want you to add a little more to your plate.

Buying Simplified has extensive breadth and capability in Procurement spend analysis, tail spend management and sourcing services.

Buying Simplified team provided us the ability to increase our cash runway by providing end-to-end Procurement and payment services at half the cost of hiring resources internally. Excellent team, service and SLAs.

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.