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Whitepaper:

Maverick Spend Report


This whitepaper by The Hackett Group explores how stakeholders are often unaware of the negative impacts of rogue buying—and how implementing approved methods and tools can help control maverick spend. 

Download the Whitepaper


The Hackett Group: Maverick Spend Report

How Can Maverick Spend Be Curbed?

Maverick spend is a problem for nearly all procurement organizations. Even those with substantial influence still struggle to achieve 100% compliance on contract spend—resulting in reduced effectiveness, lost negotiated savings, unnecessary risk, and lower customer satisfaction. 

Multiple factors can play a part in non-compliance, but according to The Hackett Group's research, 75% of procurement professionals cite a lack of self-service or guided buying tools as one of the biggest causes. 

Read this recent research and learn how to apply the hallmarks of leaders in maverick-spend reduction, including:

  • Four key capabilities required for guided buying
  • Automation of the end-to-end process with e-procurement tools, contract management software, and similar purchase-to-pay tools
  • Compliance monitoring with deeper spend analysis provided by real-time visibility

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How It Works

PROCUREMENT

Drive employee adoption and cost savings.
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INVOICING

Eliminate paper, increase efficiency and ensure compliance.
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EXPENSES

Visibility and compliance through automation. Employees love using it!
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