Tail Spend Solutions Reviews and Ratings
What is Tail Spend Solutions?
Tail spend solutions help process and fulfill spend on noncritical goods and services, which are supplied by vendors that are not actively managed by procurement. Most procurement organizations only strategically manage part of their spend, prioritizing high-volume and spend categories. This leaves what is referred to as the “tail” of an organization’s spend unmanaged. In addition to providing visibility into all types of spending, these solutions also automate key procurement processes and provide detailed insights into spending patterns through dashboards. Actively managing tail spend improves spend visibility and coverage, operational efficiency, and purchasing controls. The end users can still make one-time purchases to do their jobs without adding to procurement’s workload.
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PayEm focuses on providing a global spend management and procurement platform to automate the Request to Reconciliation process for finance and procurement teams. The platform integrates into existing ERP systems, offering the ability to tailor to specific needs. PayEm enables the implementation of controls to optimize the ways in which spending occurs within a company, fostering a culture of accountability. The platform's goal is to offer complete transparency and control to finance and procurement teams, which in turn improves process efficiencies, reduces risk, and lowers operating costs, supporting organizational growth. In addition, PayEm aims to automate mundane processes, minimize hurdles and thus free up valuable time for finance teams to focus on bigger goals while providing them with real-time visibility for a range of parameters including department, team, employee, subsidiary, and vendors in reporting and automation.
AnaApp is a plug-an-play cloud-based software that allows buyers to track purchases, collect supplier data on the go and build predictive insights from Day 1. Automatically captures manual procurement activities conducted outside the main systems and enables buyers to close projects faster.
AnaApp uses intent-driven sourcing to capture supplier & daily spend data directly in the tools buyers use every day: their email and browser.
It is designed to support highly manual transactional and non-strategic purchasing activities in a dynamic supply ecosystem, where categories are growing and suppliers are churning.
Fairmarkit, an autonomous sourcing platform, provides a beneficial solution for procurement teams by leveraging automation and AI. The predominant issue it addresses is managing high volume procurement events more efficiently and realizing cost savings. The platform offers AI-powered supplier recommendations, enabling procurement teams to manage a significantly higher number of events per employee while simultaneously identifying potential savings.
NHD is a company founded in 1988 with a global reach, offering contractor and vendor management software solutions. Its main product is the AES/32 Platform, designed to revolutionize the management of external talent including independent contractors, freelancers, and non-permanent workers. It allows for integrated communication with suppliers from demand to payment, full visibility of worker profiles, effective time management and comprehensive reporting and analytics. AES/32 Platform aims to ensure contract compliance, process and rate compliance and provides integration with ERP systems. Notably, it removes inefficiencies in project planning and payment stages in asset-intensive operations. It is used in several deployments across the world.
Paylocity is a company that offers a suite of products, primarily focusing on human resources and payroll solutions. The objective of the company is to facilitate the everyday tasks of its users so they can focus more on fostering a conducive work environment. Not just a product provider, the company regards itself as a partner to its users, investing time to understand their needs and delivering solutions that serve their present as well as future business goals. The ultimate goal of Paylocity is to work side by side with its users, assisting them in focusing more on their future objectives.
AnyDATA concentrates on addressing the challenges posed by an environment defined by an explosion of data and rapid market change. Many organizations grapple with a flood of isolated data and software applications but require high-quality, well-integrated data that can be delivered instantly to the necessary people. To tackle this issue, AnyDATA provides marketplace data-driven solutions (SaaS) and a complete platform (PaaS) that caters to the tailored needs of various organizations, regardless of their size or complexity. AnyDATA’s marketplace comprises an array of integrated analytical applications intended for diverse sectors including IT, Finance, Operations, Compliance/Risk, Procurement, Legal, and Trading.
Furthermore, AnyDATA's RAPID Business Solutions Platform provides customized solutions, which are delivered quickly thanks to a plug-and-play modular approach enhanced with advanced data science, Artificial Intelligence, machine learning, visualization, and continuous analytics. These solutions are API and data-driven, and offer flexible deployment options including Azure, on-premises or hybrid environments. It aims to help organizations realize the full potential of their contract, data, and compliance management needs.
Candex is a fintech company that operates globally. Its primary business focus is to provide streamlined procurement services for large organizations by managing vendor setup, support, tax, and regulatory complexity. Candex simplifies, speeds up, and ensures compliance in paying suppliers, even when dealing with cross-border or cross-currency transactions. The offered solutions come in multiple forms that include working within existing e-procurement systems, allowing for bulk uploads, or providing integration into any workflow via API. This functionality allows Candex to cover a significant portion of vendors with minimum spend, enables adherence to the "No PO, No Pay" rule, and notably enhances procurement efficiency.
JAGGAER fundamentally operates as a pioneer within the Autonomous Commerce sector. The enterprise has engineered a self-operating B2B commercial experience inclusive of buyers, suppliers, and partners utilizing Internet of Things (IoT) technology. It enables a substantial flow of goods annually, across its Enterprise Commerce Network. AI and machine learning technology underpin JAGGAER's innovative procurement solutions, aligning the requirements of buyers with the competencies of suppliers via smart-match recommendations. These solutions are designed to autonomously conduct recurrent, backstage tasks required for facilitating commerce on the enterprise level. With a workforce exceeding 1,200, the focus of JAGGAER's operations revolves around ensuring customer success.
Order.co, founded in 2016 and based in New York City, operates as a Spend Efficiency Platform. The platform is designed with the aim of simplifying purchasing and payment tasks for businesses. Offering a single platform to purchase, approve, track, and pay for the physical goods needed by a business, it aims to eliminate manual tasks. The offering also includes customizable budget settings and detailed reporting, facilitating management control over the buying process. This provides higher efficiency in resource allocation and financial management for operations and finance departments of businesses.
Procure Ai is focused on revolutionizing procurement processes through the application of machine learning technology and proprietary data architecture. The main challenge it addresses is the extensive data gaps that businesses encounter, hindering their automated procurement processes. Procure Ai provides an Augmented Procurement Platform that aids in the automation of procurement tasks, optimal spending, facilitation of streamlined processes, and accelerated productivity. It foresees a future where over half of current procurement tasks will be automated in the next five years.
Procurify is a firm specialized in Intelligent Spend Management. Its primary goal is to provide organizations with clarity and regulation over their expenditure. By consolidating more expenditure into a single procure-to-pay solution, Procurify allows customers to generate unified spend data, contributing to significant savings in time and cost. As a versatile solution, Procurify is compatible with major ERP accounting systems like NetSuite and QuickBooks Online. Procurify's main focus is to offer businesses a comprehensive view and control of their spending patterns.
Quyntess specialises in providing a streamlined procure-to-pay process through its Supply Chain software. The software offers management of various related tasks such as supply contracts, purchase orders, shipments, invoicing and supplier relationship. Implementing flexible P2P solutions with a combination of B2B networks and SCM software, Quyntess provides a cloud-based service for international supply chains. The company's mission is to make supply chain collaboration simpler. Quyntess Apps are used for an array of functions such as direct spend management, e-logistics, invoice matching, master data management, and vendor rating, facilitating collaborative planning and fulfillment with external business partners globally.
Simfoni offers a software platform that includes Spend Analytics, eSourcing, and Tail Spend Management solutions. The platform leverages machine learning and artificial intelligence to quicken and automate key elements of the procurement process. By these solutions, Simfoni promotes efficiency and contributes to the objective of a sustainable supply chain. With a presence in the USA, Europe, Australia, and the Middle East, Simfoni attempts to enhance vendor diversity and meet strategic corporate objectives.
Team Procure is a company providing e-procurement software solutions. The primary goal of Team Procure is to help SMBs and enterprises simplify purchasing, strategic sourcing, and inventory management through a unified platform.
Team Procure offers solutions to organize and track company-wide acquisition activities, such as purchase requisitioning, RFQs & eAuctions, purchase order management, vendor management, and spend analysis.
The platform caters to organizations across various industries, including manufacturing, construction, energy, food & beverage, and healthcare.
Teampay is a company devoted to easing the expense management process for business entities of diverse sizes. The firm realizes the difficulties associated with the operation of numerous expense management systems, hand-operated reconciliation, and continuous expense reports. Therefore, Teampay developed an integrated platform to aid businesses in regulating their spending process. Teampay's features include providing teams with virtual cards that possess predetermined budgets and category constraints, therefore reducing overspending, misplaced receipts, and approval delays. The software also offers easy integration with common accounting software, simplifying expense reconciliation. Further, Teampay facilitates real-time understanding of a company's spending patterns, enabling identification of optimization opportunities and more effective cost control. Its overall objective is to offer businesses access to robust spend management tools to manage their finances better and concentrate on growth. Whether a part of a burgeoning business or a large finance squad, Teampay avails resources needed to streamline a company's spending process.
Vroozi's SpendTech® platform is the intelligent spend management and AP automation solution revolutionizing the procure-to-pay process by making business purchasing and payments easy, efficient and effective.
By centralizing procurement and accounts payable in one easy-to-use digital platform that integrates seamlessly with existing tech stacks, businesses eliminate rogue spending, reduce manual errors, increase contract spend, maximize supplier discounts, and realize significant cost savings immediately. Vroozi’s AI and ML capabilities intelligently orchestrate business processes resulting in transformation that maximizes efficiency, reduces transaction costs, and improves business margins.
Vroozi is designed for companies who want to manage all of their spend, drive end-user adoption with their employees, connect digitally with their suppliers, and maintain spend visibility in one platform, accessible from any device, anywhere, at any time.