TOP 10 – TAIL SPEND MANAGEMENT PLATFORMS

CEOs: MIKE SICILIA AND CLAY MAGOUYRK FOUNDED: 1977

Oracle Fusion Cloud Procurement provides tail-spend management capabilities embedded directly within its comprehensive ERP ecosystem Oracle utilises self-service procurement to steer employees toward approved merchant catalogues and smart forms, which drastically minimises off-contract purchasing. The platform applies integrated machine learning to historical purchase data to identify repetitive tail spend that can be consolidated into master contracts. Oracle’ s unified data model ensures that every microtransaction is instantly captured, categorised and subjected to automated financial controls, providing corporate finance executives with real-time visibility and auditable tracking over historically unmanaged tail-spend categories.

Reinventing how work works: Fusion agentic applications with Chris Leone

Mike Sicilia and Clay Magouyrk

Chief Executive Officers Oracle

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