New Efficio research reveals a stark reality: only 19% of CPOs and CFOs from Europe’s largest companies have full visibility of their organisation’s indirect spend. With indirect expenditure representing nearly half of a company’s total spend,1 business leaders are leaving significant money on the table.
Key survey findings:
- The majority (85%) of CPOs, CFOs, and senior leaders say more than a quarter of their indirect spend has no financial oversight
- Nearly nine in ten (89%) senior leaders believe less than half of indirect spend is addressable
- IT and software are seen as the riskiest categories for unmanaged spend (81%)
- 93% of CPOs/CFOs say ‘maverick spending’ is a major contributor of cost leakage
Read the report to:
- Uncover the challenges of managing indirect spend and which categories present the biggest risks
- Gain insight into how procurement and finance leaders are approaching the management of indirect expenditure
- Learn how procurement and finance professionals plan to tackle this critical area
[1]Indirect expenditure as a proportion of total spend varies considerably by industry. Based on Efficio’s data:
- Utilities: indirect spend is typically 30–40% of total spend
- Manufacturing: 20–40%
- Services / tech: 60–80%
- Healthcare: 60–80%