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Subscribe to our newsletter to stay informed.",[2593,2594],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[2596],{"cta":2597,"_uid":2598,"items":2599,"heading":2724,"reverse":26,"component":1041,"sectionSettings":2745},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[2600,2667],{"_uid":2601,"title":2602,"component":989,"description":2603},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?",{"type":47,"content":2604},[2605,2609],{"type":50,"content":2606},[2607],{"text":2608,"type":57},"Business spending includes different types of spend:",{"type":315,"attrs":2610,"content":2612},{"order":2611},{"order":318},[2613,2624,2635],{"type":235,"content":2614},[2615],{"type":50,"content":2616},[2617,2621,2623],{"text":2618,"type":57,"marks":2619},"Strategic",[2620],{"type":111},{"text":2622,"type":57}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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