What is Maverick Spend in SAP SRD-SRM-ANA - SRM-Analytics?

SAP Term: Maverick Spend

• Component: SRD-SRM-ANA

• Component Name: SRM-Analytics

• Description: A report that shows the company’s spend with and without the involvementof the purchasing department, and the maverick spend ratio over the last 12 months. In this report, you can analyze the maverick spend the spend without the involvement of the purchasing department per month and supplier or per month and product category.

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• Key Concepts: 
  Maverick Spend is a term used in SAP SRM-Analytics to refer to spending that is not authorized by the company. This type of spending is often done by employees who are not following the company’s purchasing policies and procedures. It can also refer to spending that is not in line with the company’s budget or strategic objectives. 
  
  How to use it: 
  Maverick Spend can be monitored and managed using SAP SRM-Analytics. The software provides a comprehensive view of all spending, including unauthorized spending, so that companies can identify and address any issues quickly. It also allows companies to set up alerts and notifications when unauthorized spending occurs, so that they can take corrective action as soon as possible. 
  
  Tips & Tricks: 
  To help prevent Maverick Spend, companies should ensure that their purchasing policies and procedures are clearly communicated to all employees. They should also ensure that all employees have access to the necessary tools and resources to make informed purchasing decisions. Additionally, companies should regularly review their spending data to identify any potential issues or trends. 
  
  Related Information: 
  SAP SRM-Analytics provides a range of features and tools to help companies manage their Maverick Spend. These include analytics dashboards, reporting capabilities, and automated alerts and notifications. Additionally, SAP SRM-Analytics integrates with other SAP solutions such as SAP Ariba and SAP Concur, allowing companies to gain a more comprehensive view of their spending data.