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Proactive Control of Maverick Spend
Maverick spending is any spend in your organisation that does not go through preferred channels and tools. This means you are losing out on corporate discounts, supplier commitments and will ultimately end up paying a lot more for inferior products and services. Worse still, within travel, if you cannot account for your travellers, you are not providing adequate duty of care…
Maverick spending has a number of impacts for you:
- 82% of negotiated savings go unrealised
- Each £/€ brought under management saves 5%-20%!
- Duty of care / Corporate Manslaughter Act
The wealth of operation information captured and stored in the KDS integrated Travel & Expense management solution can be reviewed in high visibility dashboards containing retrospective ‘leakage’ and maverick spend. KDS Maverick allows you to proactively prevent this by educating the user at the exact point an employee is about to go ‘maverick’
Warn, Educate, Redirect
At the exact point when a traveller is going ‘maverick’ they are alerted to the correct channel, educated as to why it is in everyone’s interest to follow process and then redirected to the corporate programme.
- Standalone KDS Solution for all areas of procurement
- Communicates policy in real time on e-commerce sites
- Proactive management of spend BEFORE it occurs
- Ability to redirect and capture 100% of spend
- Search using the tool of choice for the end user
- Provides real time data at the point of purchase
- Flexible workflow to meet data privacy and customer culture
Global View of Spend
Supplement KDS Maverick with KDS Reporting Suite to gain complete visibility into your spend.