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, business leaders are leaving significant money on the table.
Key survey findings include:
- 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
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