Cost Saving, Compliance and Control: What is Maverick Spend Really Costing You?

Maverick spending is having a hugely negative impact across organisations. From limiting utilisation of negotiated supplier rates and spend economies of scale, to jeopardising duty of care and corporate manslaughter compliance, the impact of spend outside of the preferred procurement channels and systems can range from inefficient cost saving initiatives and contract management, to large fines and even jail sentences.

The ability to undertake spend analysis and opportunity assessments with accuracy and clarity without control and visibility of your maverick spend poses a significant and on-going challenge to procurement departments.

The questions that this paper addresses are:

  • How big an issue is maverick spending?
  • What are the consequences of maverick spending?
  • How can you control and manage maverick spending to increase efficiency and compliance