50% of tail transactions take place without any procurement oversight or governance
We understand - not every purchase needs procurement’s involvement. By its very nature, low-value/indirect spend relies on users throughout the organisation being able to purchase services quickly and easily which is why 80% of the supply base exists within the tail.
However, the flip-side to this type of frictionless purchasing will be a lack of visibility and control and left unchecked, can lead to situations where risk is increased without red-flags being raised in time for the right people to mitigate.
Bring your data to life
The ability to capitalise on data insights and analytics can make or break the competitive advantage of a company. Our ‘Insight Builder’ Technology transforms raw procurement spend and contract data into a business analytics visibility tool, with easy-to-understand dashboards and analysis, in the form of Microsoft PowerBi graphs, charts, tables and text.
What are the benefits of a spend analysis?
A Maistro spend analysis will not only highlight areas that can be targeted for cost-savings but will also provide you with real actionable insight. We present your data to you in a way that offers solutions on how to best use your newly acquired visibility to plan your next steps.
Who purchases what and from where
Evaluate supplier performance
Categorise supplier verticals
Align company values
Gain visibility on spend behaviours
Benchmark internal performance
How does it work?
The discovery phase uncovers what data we recommend from you to begin the analysis
We work through your data, sorting, categorising and identifying patterns, and opportunities for savings
We play back our findings in an easy to understand format that highlights opportunities and risks