managing tail spend

The Maistro solution to managing tail spend

Tail spend has a specific set of challenges, quite different to those faced with the management of strategic spend. We recently spoke with several procurment leaders about some of these challenges and how they might be addressed.

 

HubSpot Video

 

 

At Maistro we specialise in tail spend for services – all those small ad-hoc costs which often go unaddressed and yet add up to quite a large proportion of the cost base – facilities management, security, professional services, IT, marketing services logistics…..this is a massive cost base applicable to every business and amounts to c£40bn in the UK alone.

We have developed a solution to this problem using a combination of smart automation technology, our own pre-vetted supply chain and invoice settlement that enables users to source services efficiently whilst reducing risk.
 

We are averaging savings in excess of 20% while speeding up the whole process and giving companies insight and control over these costs – increasingly important as companies have to be very careful who they have in their supply chain.

To find out how we can help you solve your own tail spend management challenges, get in touch.

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