New Basware Report Based on Research from The Hackett Group Reveals That Less Than Half of All Companies are Prepared to Combat Maverick Spend
The Hackett Group, Inc. (HCKT)
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Source: Business Wire
Report spotlights a gap between the 75% of end-users who say having purchase-to-pay technology would help reduce maverick spending, and the less than 40% of companies that have such technologies in place ESPOO, Finland--(BUSINESS WIRE)-- Companies are missing significant opportunities to reduce maverick spend and improve the buyer experience, according to a new report by Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services. The report is based on newly-completed research from The Hackett Group. Maverick spending is any purchase that doesn’t follow a compliant procurement process, which can cause businesses to lose 10-20 percent of targeted savings, according to the report. “Perception vs. Reality: A Report on Maverick Spend,” is a Basware report based on The Hackett Group’s User Experience and Maverick Spend study, complete
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