Managing Tail Spend

Every day, our team at Bell PM process purchase orders (PO) as part of our Tail Spend Management Service. Our customers understand that there are many operational costs generated in creating, approving, placing, and paying a PO and they have chosen Bell PM to help them simplify their processes and save. The Centre for Advanced Procurement Strategy (CAPS) found that the average cost per PO is somewhere between $50 and $1,000, based on industry and vertical. Let’s assume that a telecommunications company processes 20,000 POs in their Tail each year. Reducing the cost by 20% can quickly add up to significant savings when multiplied by 20,000!