How to Connect Buyers & Sellers Together in the Cloud

PROACTIS focus on providing buyers with the tools they need to effectively manage ALL of their spend from ALL of their suppliers – not just commodity items that might easily fit an eMarketplace model, or large suppliers with deep pockets and the IT resources required to participate in multiple supplier networks.

Tail spend typically refers to a relatively small proportion of suppliers accounting for a very large proportion of spend. It can be difficult for organisations to understand what tail spend even looks like because it can be spread across a diverse range of suppliers, multiple back office systems, a broad range of spend categories, thousands of interactions...

According to our spend control business partner Proactis, indirect spend refers to, ‘…everything your organisation purchases to support operating the business, not including raw materials or products purchased in high volume for manufacturing or resale’. After payroll, indirect spend is the biggest source of cost in almost all organisations. Inefficiencies...