Cut down on time spent on administrative tasks and optimise your tail spend management. Empower your business with Billhop's cutting edge card solution.
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The onboarding process for a single supplier to an enterprise's ERP system typically requires anywhere from 30 to 390 hours of work depending on the level of automation. Due to the sheer amount of time, manpower and resources required to handle tail end spend, it often falls by the wayside as companies continue to prioritise their strategic spend.
With Billhop, no supplier onboarding is necessary. You can use your existing procurement cards to pay any supplier - even those that do not accept card payments. By eliminating the need for onboarding every supplier onto your enterprise's ERP system, you can reduce costs and allocate resources towards higher value activities.
One of the biggest problems when it comes to tail spend management is the lack of visibility when it comes to paying one-time, low volume suppliers. Paying by credit card can help consolidate payments and improve data accuracy and reporting capabilities as payments are treated like any other card expense.
There are immediate gains to be made by handling indirect spend outside your ERP.
Successful tail spend management can drastically boost a company's cash flow and result in increased Return on Investment (ROI). Discover how you can manage your tail spend effectively.