Maverick Buying refers to unauthorized purchases outside a company’s established procurement processes. Employees bypass official channels and independently procure goods or services. This approach can lead to increased costs, compliance risks, and a lack of transparency.
In the area of Professional Services and Freelancer Sourcing, Maverick Buying is particularly widespread. But why is that?
A project manager is under enormous time pressure to complete an important project. He urgently needs a specialized freelancer. However, the official procurement process through the purchasing department is time-consuming and bureaucratic. To act quickly, he contacts a freelancer directly through his personal network. The purchasing department is bypassed or only involved at the very end.
To avoid Maverick Buying, official procurement processes must be designed to be as simple and efficient as the unofficial routes. In freelancer/professional services sourcing, this specifically means:
Creating a project description must be as easy (or easier) as calling the provider’s account manager. An intuitive process without lengthy forms or approvals encourages employees to use the official route.
The first candidate profiles should be available just as quickly (or faster) as through unofficial means. By using modern technologies and an extensive pool of freelancers, suitable profiles can be provided promptly.
Administrative requirements should only occur after the initial pre-qualification of potential candidates—when you are reasonably sure you want to collaborate. This reduces administrative effort and speeds up the process.
FRATCH offers a tailored solution to tackle these challenges and minimize Maverick Buying in freelancer procurement.
With FRATCH GPT, you can create project descriptions and tenders in seconds. The AI-powered platform helps you formulate requirements precisely, significantly accelerating the search process for suitable freelancers.
FRATCH uses these descriptions to identify suitable candidates within seconds from a database of over 10,000 freelancers. These candidates are ready for interviews immediately, so you don’t lose valuable time.
FRATCH operates with an Open Book Pricing Policy and adds a maximum of 15% to the freelancer’s daily rate. This ensures transparency and helps you control costs.
FRATCH seamlessly integrates into all common procurement tools like JAGGAER, Coupa, and others. This allows you to handle the entire process within your familiar systems, increasing acceptance and minimizing training efforts.
FRATCH creates an overview of all requests received via FRATCH GPT for the purchasing department. This way, purchasers can always see which requests are currently active and maintain full control.
FRATCH collaborates with PwC to ensure complete compliance, particularly regarding the examination of freelancers for pseudo-self-employment. This keeps you on the safe side and minimizes legal risks.
The fundamental reason why certain processes and products prevail lies in their simplicity, quality, and an acceptable price. Similar to Amazon, where we don’t necessarily buy because of the lowest price but because of the easy handling and fast delivery.
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