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Infographic

5 procurement challenges every leader faces 

Tighter budgets. Volatile markets. Shaky supply chains. That’s the reality procurement leaders find themselves in today. But the right tech can change how you respond. In this educational infographic, we outline five tactics to make an impact despite change.

Bar Chart

Risks become results

Use real-time reporting to spot issues early. 

Arrow Up

Pressure becomes possibility

Use flexible spend controls to quickly adapt strategies.

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Procurement Challenges

Frequently asked questions

Everything you need to know about tail spend management

What is tail spend?

Tail spend refers to low-value, high-volume purchases outside of strategic sourcing. It involves unplanned, off-contract purchases that may not fall under the umbrella of strategic procurement policies.

How does Soldo help with tail spend management?

Soldo simplifies tail spend by providing real-time spend control and flexible payment options. It helps procurement leaders manage low-value buying while reducing reliance on purchase orders (POs).

What are the key benefits of using Soldo cards?

Soldo cards offer prepaid, company-issued cards that provide proactive controls, automated reconciliation, and visibility across all business spend, simplifying procurement processes and improving compliance.

How does Soldo help with compliance and control?

Soldo helps keep decentralised spending inside policy, ensuring compliance and reducing the administrative burden of managing procurement through a simplified system.

How can Soldo assist in reducing procurement admin?

By automating reconciliation, cutting the need for manual processes, and simplifying purchasing controls, Soldo reduces procurement admin, allowing teams to focus on strategic tasks.

Why is real-time budget monitoring important in procurement?

Real-time budget monitoring allows teams to keep track of their spending as it happens, making it easier to manage budgets, control costs, and avoid overspending.

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The software services provided to customers resident in or with registered office in an EEA country or in the UK are provided by Soldo Software Ltd a company incorporated in the UK with company number 09233754 and VAT: GB204213566, whose registered office is 119 Marylebone Road, London, NW15PU, United Kingdom. Soldo Software Ltd (data protection number: ZA 092035) complies with all applicable data protection and privacy legislation in force from time to time in the UK and the EU including the General Data Protection Regulation ((EU) 2016/679) and the Data Protection Act 2018. All the communications related to the software and related services shall be sent to the registered office. Soldo Software Ltd., 119 Marylebone Road, London, NW15PU, United Kingdom.

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The financial services provided to customers resident in or with registered office in an EEA country are provided by Soldo Financial Services Ireland DAC, a company incorporated in Ireland with company number 610705, and registered office at 33 Sir John Rogerson’s Quay, Dublin 2, Ireland.  Soldo Financial Services Ireland DAC is regulated by the Central Bank of Ireland. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Soldo Financial Services Ireland DAC pursuant to a licence issued by Mastercard International Inc. Soldo Financial Services Ireland DAC complies with all applicable data protection and privacy legislation in force from time to time in Ireland, including the EU General Data Protection Regulation (EU 2016/679) and the Data Protection Acts 1988 - 2018. All communications related to financial services provided by Soldo Financial Services Ireland DAC shall be sent to Soldo Financial Services Ireland DAC, 33 Sir John Rogerson’s Quay, Dublin 2, Ireland.

The financial services provided to customers resident in or with registered office in the UK are provided by Soldo Financial Services Ltd., a company incorporated in the UK with company number 09495650, whose registered office is 119 Marylebone Road, London, NW15PU, United Kingdom, authorised as an Electronic Money Institution by the Financial Conduct Authority (firm registration number 900459). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Soldo Financial Services Ltd pursuant to a licence issued by Mastercard International Inc. Soldo Financial Services Ltd. (data protection number: ZA147304) complies with all applicable data protection and privacy legislation in force from time to time in the UK and the EU including the General Data Protection Regulation ((EU) 2016/679) and the Data Protection Act 2018. All communications related to financial services provided by Soldo Financial Services Ltd shall be sent to Soldo Financial Services Ltd., 119 Marylebone Road, London, NW15PU, United Kingdom.