Australian SME Boosts Spend Visibility by 40% and Reduces Maverick Spend with MyGETS

Overview

Learn how a national retail SME utilized MyGETS to gain unprecedented visibility into their procurement spend, control maverick purchasing, and identify key cost-saving opportunities.

The Challenge

Limited visibility into procurement spend across multiple departments, high maverick spend, difficulty in negotiating supplier contracts.

The Solution

MyGETS platform implementation with spend analytics dashboards, automated approval workflows, and centralized supplier contract management.

Results

• Increased overall spend visibility by 40%.
• Reduced maverick spend by 15% within the first six months.
• Identified annual cost savings of 8% through better supplier negotiation.