Tail Spend Running Wild?

Low-value, high-volume purchases, whether called tail spend, spot buys, or decentralized purchases, often cause more administrative trouble than they are worth. Pushing every minor request through traditional Purchase Order (PO) workflows creates massive admin piles and delays, while traditional P-cards lack granular control. 

When urgent needs arise, slow procedures drive staff toward uncontrolled maverick spend. Soldo enables procurement teams to automate non-strategic purchases, enforce spending guardrails at the source, and turn fragmented transaction data into actionable business insight. 

Key Highlights:

PO Processing Costs: Processing a single purchase order costs between £50 and £1,000 when accounting for review time. 

Vendor Onboarding Delays: Large organizations can take up to 6 months to onboard new suppliers, triggering maverick spend. 

SaaS Waste Impact: Organizations waste an average of $18M annually on unused SaaS licenses due to fragmented buying. 

Automated Non-Strategic Spend: Replaces cumbersome PO processes with rule-bound corporate payment cards. 

Embedded Rule Guardrails: Establishes pre-approved spending rules, category caps, and specific vendor allowances directly on cards. 

Instant Virtual Cards: Provides quick-access cards for urgent, spot, or unplanned purchases without supplier onboarding delays. 

Ringfenced Budgets: Isolates dedicated funds for specific departments, IT projects, or advertising channels. 

Automated Receipt Capture: Captures and codes receipts via app at the point of sale, preventing AI-generated receipt fraud. 

Unified Dashboard Analytics: Centralizes scattered tail spend data to identify duplicate vendor contracts and enable volume discounts. 

Real-Time Fraud & Overspend Alerts: Sends instant notifications for unusual transactions or policy violations. 

Immutable Audit Trail: Automatically logs transactions and approvals to ensure complete transparency during audit cycles.