When it comes to direct spend, most businesses have a clear vision of the expenditures. However, when it comes to indirect spend – those non-core products that are essential to running day-to-day operations – the expenditures are usually underestimated. Often substantially.
Purchasing is often decentralized, with minimal oversight. Yet indirect spend can be up to 40 percent of a company’s total spend, and that can mean tens if not hundreds of thousands of dollars wasted annually.
How Corcentric Helps You Spend Smarter
We aggregate the buying power of our 1,400 member companies
We use this buying power, along with industry expertise to help you reduce costs, free up resources, and gain greater visibility into spend.
We leverage that group
With this buying power and our technology, we are able to bring down supplier prices, help you process large quantities of invoices and payables, and achieve accurate reporting and analytics.