Spend management is essential in any shared services organization for maximizing efficiency and minimizing wastage.
Unmanaged spend leads to poor visibility of cash flow and inhibits the optimizing of working capital. Robust spend management can be the crucial component that gives an organization the competitive edge by reducing operating costs, and leveraging scalable efficiencies in procurement or in the P2P process.
So what is holding companies back from getting their spend under management? What havoc is that so-called “long tail” wreaking on your organization?
sharedserviceslink conducted a survey in partnership with Hubwoo to investigate.
We identified three key factors causing unmanaged spend and three ways you start to tackle the tail in your organization.
Download this report today to get insight into practical ways to improve your spend management and improve today.
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