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Subscribe to our newsletter to stay informed.",[1608,1609],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1611],{"cta":1612,"_uid":1613,"items":1614,"heading":1744,"reverse":27,"component":1766,"sectionSettings":1767},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1615,1687],{"_uid":1616,"title":1617,"component":1618,"description":1619},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":32,"content":1620},[1621,1625],{"type":35,"content":1622},[1623],{"text":1624,"type":39},"Business spending includes different types of spend:",{"type":1626,"attrs":1627,"content":1631},"ordered_list",{"order":1628,"key":1630},{"order":1629},1,"ol-0",[1632,1644,1655],{"type":1633,"content":1634},"list_item",[1635],{"type":35,"content":1636},[1637,1641,1643],{"text":1638,"type":39,"marks":1639},"Strategic",[1640],{"type":140},{"text":1642,"type":39}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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