Glossary > Tail Spend
Tail Spend is the term used to describe purchases made outside of regular procurement.
The problem with tail spend is that it’s usually not accounted for in any way – so you have no idea how much you spend on it each year, and no way to track it back if needed.
Many companies today are using SaaS solutions to help manage tail spend and reduce it significantly by automating processes and improving visibility into spending.
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