Maverick spending is when employees purchase or use assets unapproved by the IT department in a business. Many organizations have strict processes and restrictions on technology based on vendor contracts and security protocols. Maverick spending can harm an organization’s bottom line, introduce incompatible technology and increase security risk.
Maverick spending happens when an employee works around an organization’s existing procurement processes and partners. Implementing more controls and reducing employee access to shopping capabilities through an e-procurement platform can help businesses eliminate maverick spending.
2020 Insight Public Sector Pulse: The Impact of COVID-19 on Public Sector Organizational Readiness Insight report / 11 Sep 2020
2020 Insight Intelligent Technology Pulse: The Impact of COVID-19 on Business Readiness Whitepaper / 4 Jun 2020