Some of the hardest expenses to track and correctly allocate are tail spend. It is the small expenses that don’t go through the usual procurement processes, yet can quickly add up to quite an amount as these can take place way too often in any formal business structure. While it might not seem like a huge expense, it is one of the areas in a business where there is usually a huge opportunity to reduce costs, and through the support of a knowledgeable partner such as Bell Integration, you can streamline your procurement processes and nip these expenses in the bud.
“We often notice that tail spending seldom reaches the agenda at the boardroom table as it is easy to overlook the expense as it is low in value. The concern is however that it is high in volume and thus becomes an expense which should be addressed, but is often overlooked or is simply postponed by management due to collective procrastination,” says Eugene O’Sullivan, the Strategy and Innovation Director at the Bell Integration CTO Office.
The team of experts at Bell Integration will work with companies to assess their tail spending and to record these expenses to be able to determine any patterns which will help to get a better grasp of how much it is and how to streamline it. “Once we have a clear record of tail spending, our team will work with suppliers on the list and negotiate discounted prices for your business, set-up smart sales agreements and create opportunities to save money during any kind of transaction falling under the tail spending category,” O’Sullivan further explains the process their team follows.
One of the most important reasons why it is vital to address your tail spending is to achieve far greater clarity on where company money is going and from there better structures, procedures and agreements can reduce the expense and save the cash flow of any business.
Companies are often so concerned about minimising large-scale expenses that it happens that they restrict themselves to an uncomfortable degree which negatively impacts productivity. The trusted team helps these businesses to shift their focus to other concerns where funds are draining from the business accounts. They also take care to negotiate far better terms to bring savings to these expenses, generating the opportunity to find greater flexibility in your budget and be able to afford services that are vital for productivity and a streamlined workspace.
About Us
At Bell Integration, the commitment of our team is to support your business with outstanding IT services and consultancy. We are your reliable partners who take on the journey of technological transformation with you and we help you to overcome the obstacles and challenges you might experience along the way. To support you in your success, we take care to incorporate various success driving aspects in our own business and are always working towards becoming more successful, more knowledgeable, and being able to deliver even more advanced solutions. Visit our website at https://www.bell-integration.com/ or contact our team of experts via phone or email and find out how we can support you on your journey to even greater success.