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Subscribe to our newsletter to stay informed.",[2899,2900],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[2902],{"cta":2903,"_uid":2904,"items":2905,"heading":3031,"reverse":28,"component":3052,"sectionSettings":3053},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[2906,2974],{"_uid":2907,"title":2908,"component":2909,"description":2910},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":147,"content":2911},[2912,2916],{"type":150,"content":2913},[2914],{"text":2915,"type":156},"Business spending includes different types of spend:",{"type":1108,"attrs":2917,"content":2919},{"order":2918},{"order":505},[2920,2931,2942],{"type":205,"content":2921},[2922],{"type":150,"content":2923},[2924,2928,2930],{"text":2925,"type":156,"marks":2926},"Strategic",[2927],{"type":801},{"text":2929,"type":156}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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