ProcureEdge TailSpend Management

Chief Procurement Officer has taken a center stage in the new normal. Spend compliance and visibility along with increased savings
are the new imperatives that require a comprehensive approach within the Procurement function. From process reengineering, system
implementation to content digitization and cleansing, the task is daunting and the scale of the entire initiative becomes more difficult due to
“Tail spend”.

Tail spend accounts for the bottom 20% of the enterprise spend but is serviced by 80% of the suppliers and enterprises should resolve the
Tail spend before embarking upon a larger transformation journey. ProcureEdge TailSpend Management provides a transformational, easy to
deploy and cost effective approach to manage this.

Overview Key components

ProcureEdge TailSpend Management is Consulting Process Technology
a cloud based offering that transforms
B2C user
enterprise Tail spend by increasing user Self-service
experience
adoption through a consumer centric Buyer Request Shopping cart
end-user experience. The deep category management punch in
expertize, pre-negotiated prices from Spend analysis
Category mgmt
suppliers, workflow management of Workflow
services
requests and reduced turn-around time, MSP
Spot-buy & Governance &
drive efficiency. It also provides progressive sourcing reporting
cataloging which creates value at every Category consulting
instance and helps increases user adoption Supplier Supplier
enablement marketplace
through a B2C end-user experience. Supplier
Catalog
Helpdesk
management

Offering
ProcureEdge TailSpend
Management transforms enterprise
procurement through inherent
capabilities like –
Technology –
• Enhanced consumer centric user interface that
mimics B2C drives adoption
• One-Search for goods and services across the web,
marketplaces and punch-out / in-house catalogs
• Access to external marketplaces including
onboarding existing and new suppliers
Services –
• Spot buy and sourcing capabilities
• Spend analysis and category consulting
for identification and management of
Tail spend
• Reporting and helpdesk for prompt
support to end users and suppliers

edgeverve.com/procureedge
Benefits Progressive cataloging Consumer centered UI
Tail Spend under management – Brings
more spend under management by
continuously adding negotiated items
into the Tail spend catalogs. Users can also
search items using One-Search and directly
buy them without having to raise a request
every time.

Cost Savings – Ensure buyers get the Typically organizations outsource Tail ProcureEdge TailSpend Management
best price regardless of the vendor by spend to a Managed Service Provider uses an extremely intuitive, consumer
cross leveraging ProcureEdge Supplier (MSP) and focus on transactions. The MSP centered, B2C-like user interface with
Marketplace and other pre-existing and processes every transaction as unique, capabilities like search-ahead, type-
providing vendor and item options to the ahead, relevance engine and reviews
enhanced supplier marketplaces. Priced
buyer. This is cost effective in the short- & ratings. This improves adoption and
on a variable success based model, the
run but does not reduce the tail. reduces procurement effort.
product ensures minimum fixed cost to the
customer. With ProcureEdge TailSpend The One-Search feature brings forth
Management, every time a unique another unique aspect of the UI by
Process Transformation – Transforms Tail transaction is processed, it’s also searching across catalogs and displaying

‘‘
spend management through progressive cataloged which can be readily referred results on a single dashboard. The search
cataloging and intuitive B2C user interface. for subsequent searches. This reduces results are aggregated by product for
Gets efficiency improvement in the the tail significantly, enhances user comparison across supply sources and
extended procurement organization with experience and improves operational sorted based on location, keyword,
catalog adoption. efficiency. purchase history etc.

Case Study
Title: US based Oil and Gas major witnesses Tail spend transformation

A leading Oil and Gas company with presence in 80+ countries and a total Tail spend of more than $300M wanted
to standardize and centralize its procurement process.
We helped the client redefine the entire procurement process. Several indirect categories including IT & Telecom,
Professional Services and Real Estate were outsourced to us where we monitored key metrics as per category
strategy. e-auctions were carried out to increase savings and P-cards introduced for purchases less than $1000. With
these measures, the clients experienced:
• 85% reduction in turn-around-time
• 95% process compliance from vendors
• 20% reduction in Tail spend

About EdgeVerve
EdgeVerve Systems Limited is a wholly owned subsidiary of Infosys Limited. We help global corporations
sense, influence, fulfil and serve the needs of digital consumers and leverage the potential of their business
ecosystems. We define, develop and operate innovative cloud hosted business platforms and software
products. We focus on realizing business outcomes for our clients by driving revenue growth, cost
effectiveness and improved profitability. To know more, visit www.edgeverve.com.

For more information, write to edgeverve@edgeverve.com www.edgeverve.com

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