Financial management strategies must evolve alongside retail. At the forefront of an untapped source of efficiency is indirect procurement and rogue spending at retail stores. Retailers from Fortune 500 to regional chains are trusting Varis to help with rogue spend reduction, cost savings, budget optimization and strategic growth. 

Rogue spending refers to unmanaged, uncontracted and non-compliant expenditures within an organization that typically occurs when employees make purchases outside of established procurement policies.  

At a glance, Varis can help:

  • Reduce rogue spending: when finding and buying what you need to do your job is fast and convenient, associates will utilize the tools and suppliers available to them increasing contract compliance and reducing rogue spend.  
  • Make better buying decisions: Finance leaders get real-time data to help make decisions that drive store cost controls. 
  • Cut costs: Focus on the often-overlooked indirect spending to save money without skimping on the customer experience. 
  • Boost efficiency: Help retail teams spend less time on paperwork and more time on activities that increase sales and profits. 

Because Varis can:

  • Centralize ordering: A unified platform makes ordering from multiple suppliers as easy as a single click, with a consistent experience for everyone.  
  • Provide a user-friendly interface: Minimal training required to understand Varis, perfect for high-turnover retail environments.  
  • Save time: Features like quick search, recently purchased and favorites save precious time for store associates.  
  • Automate compliance checks: Choose which supplier catalogs are loaded into your marketplace that adhere to company policies and reduce manual oversight. 

Time saved is money made

Beyond cutting costs and buying stuff cheaper, finance leaders get access to real-time, store-level data on indirect procurement spending—data that simply isn’t available to most retail finance leaders today. Varis empowers finance teams to identify opportunities for reallocating funds to drive more revenue or improve the customer experience.  

“Varis helped us to drive fiscal responsibility down to the team leads ensuring they are ordering what they need and how much they need while also making sure we deliver on our expected spend.” VP Finance, national retail chain 

Transform indirect procurement into a strategic business initiative. Talk with our retail team about how to get started.