Procurement payment solutions
Manage your company’s central expenses
Ideal for long-tail spending, such as purchases of licenses, software, equipment, and other recurring or high-value orders required to run your business efficiently.
What is long-tail and why is it relevant to procurement?
In procurement, long tail refers to purchases that sit outside a company’s core business and make up the final “tail” of overall spend. These are usually many small transactions paid to a wide range of suppliers, which can quickly become difficult to manage.
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A lack of clear processes or effective supplier agreements.
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Manual administration that increases time and cost.
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Limited visibility and control over spending.
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A higher risk of compliance or regulatory issues.
Long tail spend can be managed more effectively by introducing automated payment flows. By complementing established procurement processes with virtual corporate cards, companies can simplify administration, improve oversight and reduce risk.
