The Controller's Guide to Spend Management

When The Going Gets Tough: What Finance Leaders Need to Know About Harnessing the Power of Spend

Spend management as a discipline has traditionally existed in a gray area between finance and procurement, with both functions struggling with visibility and cost containment.

Thanks to technological advances, Business Spend Management (BSM) has emerged, and is empowering finance leadership to better understand — and influence — how resources are being used across their company.

This guide outlines how integrated spend management technology can solve the challenges of fragmented spend management processes and systems, optimize working capital, improve liquidity, reduce risk, and enable scalable growth. Gain insight into the:

• Risks of point solutions and manual practices
• Importance of BSM to strategic financial management
• Organizational control BSM technology yields

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