aXpire’s Resolvr: Tackling Spend Mavericks

aXpire’s Resolvr reduces ‘maverick spend’ — see more at axpire.io

Most companies, large or small, have a degree of ‘maverick spend’ where staff don’t follow defined procurement processes and purchase good and services from a supplier of their choosing.

Often this spend is claimed back through expenses. This can lead to a number of problems:

- lost insight on spend for analytics
- lost pre-agreed discounts with suppliers
- poor, or zero, contract compliance
- unauthorized supplier being used which could means the quality of the goods or service is poor and potentially not fit-for-purpose.

There is no reason why more than 90% of all spend shouldn’t be covered by a spend management system such as aXpire’s Resolvr.

However, any policy needs to be clearly communicated…and checks need to be put in place to detect any on-going maverick spend.