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Subscribe to our newsletter to stay informed.",[1732,1733],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1735],{"cta":1736,"_uid":1737,"items":1738,"heading":1868,"reverse":28,"component":1889,"sectionSettings":1890},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1739,1811],{"_uid":1740,"title":1741,"component":1742,"description":1743},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":61,"content":1744},[1745,1749],{"type":64,"content":1746},[1747],{"text":1748,"type":68},"Business spending includes different types of spend:",{"type":1750,"attrs":1751,"content":1755},"ordered_list",{"order":1752,"key":1754},{"order":1753},1,"ol-0",[1756,1768,1779],{"type":1757,"content":1758},"list_item",[1759],{"type":64,"content":1760},[1761,1765,1767],{"text":1762,"type":68,"marks":1763},"Strategic",[1764],{"type":927},{"text":1766,"type":68}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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