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Listicle

9 ways procurement
can tame tail spend

Managing company-wide spending after the fact is simply too late.
In this listicle, discover proactive steps to make company spend predictable, visible, and under control.

Spend governance

Learn how to establish policies to guide purchasing decisions before a single transaction has taken place.

Real-time spend control

Learn how to monitor purchases as they happen and flag out-of-policy requests.

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9 Ways to Tame Tail Spend

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 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.