Tail Spend refers to the amount of money a company spends on purchases that make up about 80% of transactions but only 20% of spend volume. For years, however, businesses ignored tail spend as a potential for cost savings. It was simply too complex and deemed not worth the time and effort. But today’s savviest companies know this is a missed opportunity for savings.
With a sound tail spend management strategy, and the right AP automation management tools to execute that strategy, tail spend can shift from the weak link of spend management to the next big opportunity for your business.
With this infographic from our partner, SAP Concur, you’ll get the numbers behind tail spend management and find out how much money you might be leaving on the table.