[{"data":1,"prerenderedAt":3303},["ShallowReactive",2],{"en-blog/how-companies-spend":3,"en-global-content":852,"en-article-global-content":2132,"en-blog-article-more-articles-f1ded6b1-7e22-4841-a982-4b97800ed612":2392,"en-blog-article-more-articles-208790490":3298},{"name":4,"created_at":5,"published_at":6,"updated_at":7,"id":8,"uuid":9,"content":10,"slug":840,"full_slug":841,"sort_by_date":43,"position":842,"tag_list":843,"is_startpage":28,"parent_id":844,"meta_data":43,"group_id":845,"first_published_at":846,"release_id":43,"lang":49,"path":43,"alternates":847,"default_full_slug":841,"translated_slugs":848},"The state of spend management: how companies spend","2022-10-24T16:43:07.119Z","2026-03-20T15:34:52.309Z","2026-03-20T15:34:52.331Z",208790490,"00cb2989-128d-4e89-b68b-10a2d7bd5c33",{"_uid":11,"roles":12,"title":4,"author":13,"topics":59,"content":100,"noIndex":28,"category":724,"language":748,"_editable":751,"component":737,"heroMedia":752,"sidebarCta":759,"publishedAt":760,"readingTime":761,"redirectUrl":25,"listingImage":762,"metaDescription":25,"componentsAfterTheArticle":763},"238b174e-5fe7-4bde-b44c-d8447e1c7cb9",[],{"name":14,"created_at":15,"published_at":16,"updated_at":17,"id":18,"uuid":19,"content":20,"slug":41,"full_slug":42,"sort_by_date":43,"position":44,"tag_list":45,"is_startpage":28,"parent_id":46,"meta_data":43,"group_id":47,"first_published_at":48,"release_id":43,"lang":49,"path":43,"alternates":50,"default_full_slug":42,"translated_slugs":51,"_stopResolving":58},"Patrick Whatman","2022-08-16T21:32:07.937Z","2026-03-12T10:47:18.012Z","2026-03-12T10:47:19.386Z",176463342,"defd6ca5-10c7-4170-b8b3-9cbff845ea7c",{"_uid":21,"links":22,"picture":23,"lastName":29,"component":30,"firstName":31,"description":32},"f10c0984-7977-4455-b0e8-e2e6723f7235",[],{"id":24,"alt":25,"name":25,"focus":25,"title":25,"filename":26,"copyright":25,"fieldtype":27,"is_external_url":28},4467235,"","https://a.storyblok.com/f/146026/256x256/f69aad01b3/patrick-whatman.png","asset",false,"Whatman","author","Patrick",{"type":33,"content":34},"doc",[35],{"type":36,"content":37},"paragraph",[38],{"text":39,"type":40},"Patrick Whatman is a content marketer and writer. He lives in Paris, loves music, and writes his own brand of cultural criticism for fun. Tweet him @mrwhatman where he mainly talks digital marketing, American sports and New Zealand trivia.","text","patrick-whatman","blog/author/patrick-whatman",null,0,[],176408854,"f3cc375f-1a91-4728-8bde-a438e19e3012","2022-11-02T15:26:20.589Z","default",[],[52,54,56],{"path":42,"name":43,"lang":53,"published":43},"fr",{"path":42,"name":43,"lang":55,"published":43},"de",{"path":42,"name":43,"lang":57,"published":43},"es",true,[60,81],{"name":61,"created_at":62,"published_at":16,"updated_at":63,"id":64,"uuid":65,"content":66,"slug":69,"full_slug":70,"sort_by_date":43,"position":71,"tag_list":72,"is_startpage":28,"parent_id":73,"meta_data":43,"group_id":74,"first_published_at":75,"release_id":43,"lang":49,"path":43,"alternates":76,"default_full_slug":70,"translated_slugs":77,"_stopResolving":58},"Spend management","2022-10-19T17:57:54.407Z","2026-03-12T10:47:23.262Z",206171419,"f1ded6b1-7e22-4841-a982-4b97800ed612",{"_uid":67,"name":61,"component":68},"fba530b2-81a3-4b87-986d-708d05055369","tag","spend-management","blog/topic/spend-management",-230,[],176456153,"485045be-15bb-4bad-be38-3403f2a4f645","2022-11-02T15:24:49.793Z",[],[78,79,80],{"path":70,"name":43,"lang":53,"published":43},{"path":70,"name":43,"lang":55,"published":43},{"path":70,"name":43,"lang":57,"published":43},{"name":82,"created_at":83,"published_at":16,"updated_at":84,"id":85,"uuid":86,"content":87,"slug":89,"full_slug":90,"sort_by_date":43,"position":91,"tag_list":92,"is_startpage":28,"parent_id":73,"meta_data":43,"group_id":93,"first_published_at":94,"release_id":43,"lang":49,"path":43,"alternates":95,"default_full_slug":90,"translated_slugs":96,"_stopResolving":58},"Finance strategy","2022-10-19T17:57:50.961Z","2026-03-12T10:47:22.861Z",206171406,"4c34e454-8993-474f-a2d1-5c1f6a260e14",{"_uid":88,"name":82,"component":68},"11f616ce-9f54-42bb-967c-fdb960b62cef","finance-strategy","blog/topic/finance-strategy",-100,[],"5a788f5a-b853-4a56-959b-15a4ea69fd80","2022-11-02T15:24:54.143Z",[],[97,98,99],{"path":90,"name":43,"lang":53,"published":43},{"path":90,"name":43,"lang":55,"published":43},{"path":90,"name":43,"lang":57,"published":43},{"type":33,"content":101},[102,106,139,152,200,204,216,222,226,239,247,254,267,277,281,286,290,316,326,342,359,364,373,377,403,425,439,443,448,452,462,466,476,481,498,571,575,580,584,605,615,637,649,654,658,662,672,681,685,708,712,716],{"type":36,"content":103},[104],{"text":105,"type":40},"Company spending is always an interesting topic. Businesses guard their cash carefully, and with good reason. If the cash runs out, so too does the company.",{"type":36,"content":107},[108,110,115,117,130,132,137],{"text":109,"type":40},"We've already analyzed the ",{"text":111,"type":40,"marks":112},"amount",[113],{"type":114},"italic",{"text":116,"type":40}," that companies spend in our ",{"text":118,"type":40,"marks":119},"Spend Trends Report",[120],{"type":121,"attrs":122},"link",{"href":123,"uuid":124,"anchor":43,"target":43,"linktype":125,"story":126},"spend-trends-report","70e091c2-c2a9-497c-b3e2-c02eacd0ec5e","story",{"name":127,"id":128,"uuid":124,"slug":123,"url":129,"full_slug":129,"_stopResolving":58},"The 5 biggest takeaways from the Spend Trends Report 2019",208782388,"blog/spend-trends-report",{"text":131,"type":40},". So this time, we decided to find out ",{"text":133,"type":40,"marks":134},"the key methods they use, their biggest challenges, and a few other key nuggets",[135],{"type":136},"bold",{"text":138,"type":40},".",{"type":36,"content":140},[141,143,150],{"text":142,"type":40},"We teamed up with the experts at ",{"text":144,"type":40,"marks":145},"YouGov",[146],{"type":121,"attrs":147},{"href":148,"uuid":43,"anchor":43,"target":43,"linktype":149},"https://yougov.co.uk/","url",{"text":151,"type":40}," to find out how today’s companies manage spending. The results include:",{"type":153,"content":154},"bullet_list",[155,168,179,191],{"type":156,"content":157},"list_item",[158],{"type":36,"content":159},[160,162,166],{"text":161,"type":40},"The ",{"text":163,"type":40,"marks":164},"biggest pain points",[165],{"type":136},{"text":167,"type":40}," for finance teams",{"type":156,"content":169},[170],{"type":36,"content":171},[172,173,177],{"text":161,"type":40},{"text":174,"type":40,"marks":175},"level of visibility",[176],{"type":136},{"text":178,"type":40}," over spending that companies feel they have",{"type":156,"content":180},[181],{"type":36,"content":182},[183,185,189],{"text":184,"type":40},"The most common ",{"text":186,"type":40,"marks":187},"ways of handling and approving",[188],{"type":136},{"text":190,"type":40}," expenses",{"type":156,"content":192},[193],{"type":36,"content":194},[195,196],{"text":184,"type":40},{"text":197,"type":40,"marks":198},"types of operational spend",[199],{"type":136},{"type":36,"content":201},[202],{"text":203,"type":40},"The results are just below in this article.",{"type":36,"content":205},[206],{"type":207,"attrs":208},"blok",{"id":209,"body":210},"230096a1-120c-431f-86ff-924be72fa7f9",[211],{"_uid":212,"html":213,"_editable":214,"component":215},"0f4d311e-b87d-4339-b1f0-5c02da2673bf","\u003C!--HubSpot Call-to-Action Code -->\u003Cspan class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-1af98bc4-7442-4862-82e7-c26957a481bf\">\u003Cspan class=\"hs-cta-node hs-cta-1af98bc4-7442-4862-82e7-c26957a481bf\" id=\"hs-cta-1af98bc4-7442-4862-82e7-c26957a481bf\">\u003C!--[if lte IE 8]>\u003Cdiv id=\"hs-cta-ie-element\">\u003C/div>\u003C![endif]-->\u003Ca href=\"https://cta-redirect.hubspot.com/cta/redirect/2694209/1af98bc4-7442-4862-82e7-c26957a481bf\" >\u003Cimg class=\"hs-cta-img\" id=\"hs-cta-img-1af98bc4-7442-4862-82e7-c26957a481bf\" style=\"border-width:0px;\" height=\"375\" width=\"750\" src=\"https://no-cache.hubspot.com/cta/default/2694209/1af98bc4-7442-4862-82e7-c26957a481bf.png\"  alt=\"New call-to-action\"/>\u003C/a>\u003C/span>\u003Cscript charset=\"utf-8\" src=\"https://js.hscta.net/cta/current.js\">\u003C/script>\u003Cscript type=\"text/javascript\"> hbspt.cta.load(2694209, '1af98bc4-7442-4862-82e7-c26957a481bf', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); \u003C/script>\u003C/span>\u003C!-- end HubSpot Call-to-Action Code -->","\u003C!--#storyblok#{\"name\": \"embed\", \"space\": \"146026\", \"uid\": \"0f4d311e-b87d-4339-b1f0-5c02da2673bf\", \"id\": \"208790490\"}-->","embed",{"type":36,"content":217},[218],{"text":219,"type":40,"marks":220},"Who we polled",[221],{"type":136},{"type":36,"content":223},[224],{"text":225,"type":40},"YouGov contacted more than 600 finance professionals over a two-week period from 17-23 February 2020. These finance teams were evenly distributed between Berlin, London, and Paris.",{"type":36,"content":227},[228,230,237],{"text":229,"type":40},"Here are the results in ",{"text":231,"type":40,"marks":232},"infographic",[233],{"type":121,"attrs":234},{"href":235,"uuid":43,"anchor":43,"target":236,"linktype":149},"https://www.adobe.com/express/create/infographic","_self",{"text":238,"type":40}," form. Keep reading for more analysis below.",{"type":36,"content":240},[241],{"type":242,"attrs":243},"image",{"id":43,"alt":244,"src":245,"title":43,"source":43,"copyright":43,"meta_data":246},"how company manage spending","https://get.spendesk.com/hubfs/How-compagnies-manage-spending_EN%20(1)-page-001.jpg",{"alt":244,"title":43,"source":43,"copyright":43},{"type":248,"attrs":249,"content":251},"heading",{"level":250},2,[252],{"text":253,"type":40},"The state of spend management",{"type":36,"content":255},[256,258,265],{"text":257,"type":40},"As you've just seen from our infographic (above), ",{"text":259,"type":40,"marks":260},"spend management",[261],{"type":121,"attrs":262},{"href":263,"uuid":43,"anchor":43,"target":264,"linktype":149},"https://www.spendesk.com/spend-management/","_blank",{"text":266,"type":40}," today is a mixed bag. The majority of companies feel they have a good idea of where company money is going (spend visibility).",{"type":36,"content":268},[269,271,275],{"text":270,"type":40},"But there's still a large minority of businesses who don't. They struggle with ",{"text":272,"type":40,"marks":273},"poor tools and unclear processes",[274],{"type":136},{"text":276,"type":40},", and still rely on an outdated view of \"how things are done.\"",{"type":36,"content":278},[279],{"text":280,"type":40},"Let's look a bit closer at these results. Here are the 6 biggest takeaways from our survey:",{"type":248,"attrs":282,"content":283},{"level":250},[284],{"text":285,"type":40},"1. 40% of companies have little or no visibility into how money is spent",{"type":36,"content":287},[288],{"text":289,"type":40},"Frankly, this should be alarming. Perhaps not every penny spent needs to be accounted for (although the taxman might disagree), but it goes without saying that companies should know where their money goes.",{"type":36,"content":291},[292,294,300,302,306,308,314],{"text":293,"type":40},"In fact, this unclear approach is a great way to find yourself in legal trouble. As Julius Bachmann writes in ",{"text":295,"type":40,"marks":296},"Mastering Scale",[297],{"type":121,"attrs":298},{"href":299,"uuid":43,"anchor":43,"target":264,"linktype":149},"https://www.cfoconnect.eu/en/resources/finance-insights/mastering-scale-finance-introduction/",{"text":301,"type":40},", \"the ",{"text":303,"type":40,"marks":304},"authorities need your financial data in order to assess and audit the business",[305],{"type":136},{"text":307,"type":40},". If you fail to keep adequate financial records, you won’t be able to complete tax filings and almost certainly will be penalised.\" [",{"text":309,"type":40,"marks":310},"Read the full Mastering Scale series here",[311],{"type":121,"attrs":312},{"href":313,"uuid":43,"anchor":43,"target":264,"linktype":149},"https://www.cfoconnect.eu/en/resources",{"text":315,"type":40},".]",{"type":36,"content":317},[318,320,324],{"text":319,"type":40},"At the very least, poor spend visibility leads to a lot more work for your finance team. Because at some point - whether for a government audit or for investors - ",{"text":321,"type":40,"marks":322},"you'll have to provide evidence of company spending",[323],{"type":136},{"text":325,"type":40},". And trying to reverse engineer this after the fact takes an enormous amount of work.",{"type":36,"content":327},[328,330,341],{"text":329,"type":40},"Not to mention the fact that, if you don't know where the money's going, you invite serious expense and ",{"text":331,"type":40,"marks":332},"credit card fraud",[333],{"type":121,"attrs":334},{"href":335,"uuid":336,"anchor":43,"target":43,"linktype":125,"story":337},"company-credit-card-fraud","a26dcdef-bf38-4603-9c48-97d4dfcd31ca",{"name":338,"id":339,"uuid":336,"slug":335,"url":340,"full_slug":340,"_stopResolving":58},"Company credit card fraud: How to respond and recover",208733238,"blog/company-credit-card-fraud",{"text":138,"type":40},{"type":36,"content":343},[344,346,357],{"text":345,"type":40},"Finance teams know how important a ",{"text":347,"type":40,"marks":348},"healthy spend culture",[349],{"type":121,"attrs":350},{"href":351,"uuid":352,"anchor":43,"target":43,"linktype":125,"story":353},"company-spend-culture","9f9622da-0f14-4f44-8564-844ab8ae4d50",{"name":354,"id":355,"uuid":352,"slug":351,"url":356,"full_slug":356,"_stopResolving":58},"What is your company’s spend culture?",208785684,"blog/company-spend-culture",{"text":358,"type":40}," is to growth and sustainability. Which is why this figure is such a worry.",{"type":248,"attrs":360,"content":361},{"level":250},[362],{"text":363,"type":40},"2. Only 27% of companies feel they have \"full visibility\" over spending",{"type":36,"content":365},[366,368,372],{"text":367,"type":40},"Of those 60% of companies that feel they have visibility over spending, only 27.3% consider themselves to have \"full visibility.\" Which is good for them, but still ",{"text":369,"type":40,"marks":370},"pretty worrying for everyone else",[371],{"type":136},{"text":138,"type":40},{"type":36,"content":374},[375],{"text":376,"type":40},"The ability to monitor and manage spending impacts:",{"type":153,"content":378},[379,385,391,397],{"type":156,"content":380},[381],{"type":36,"content":382},[383],{"text":384,"type":40},"Cash flow",{"type":156,"content":386},[387],{"type":36,"content":388},[389],{"text":390,"type":40},"Financial forecasts and models",{"type":156,"content":392},[393],{"type":36,"content":394},[395],{"text":396,"type":40},"Accounting accuracy",{"type":156,"content":398},[399],{"type":36,"content":400},[401],{"text":402,"type":40},"Tax and insurance payments",{"type":36,"content":404},[405,407,411,413,424],{"text":406,"type":40},"These are all fundamental. And in times of trouble, ",{"text":408,"type":40,"marks":409},"CFOs need this information at hand",[410],{"type":136},{"text":412,"type":40},". Managing cash flow is usually the first step in any ",{"text":414,"type":40,"marks":415},"financial action plan",[416],{"type":121,"attrs":417},{"href":418,"uuid":419,"anchor":43,"target":43,"linktype":125,"story":420},"crisis-action-plan-finance-teams","091cf5b1-9713-4df6-af0d-14df32609cb1",{"name":421,"id":422,"uuid":419,"slug":418,"url":423,"full_slug":423,"_stopResolving":58},"A 5-step crisis action plan for finance teams",208790486,"blog/crisis-action-plan-finance-teams",{"text":138,"type":40},{"type":36,"content":426},[427,431,433,437],{"text":428,"type":40,"marks":429},"You always need complete spend visibility",[430],{"type":136},{"text":432,"type":40},". But you ",{"text":434,"type":40,"marks":435},"really",[436],{"type":114},{"text":438,"type":40}," need it during a crisis. And unfortunately, you often don't know just how important this is until it's too late.",{"type":36,"content":440},[441],{"text":442,"type":40},"So if you're one of the 27%, good work. And for everyone else, now's the time to act.",{"type":248,"attrs":444,"content":445},{"level":250},[446],{"text":447,"type":40},"3. Nearly half of companies in Paris & Berlin report little or no spend visibility",{"type":36,"content":449},[450],{"text":451,"type":40},"We can take this idea of spend visibility even further. When we break down our survey by city (see the infographic above), we see that companies in Paris and Berlin actually drag the average down.",{"type":36,"content":453},[454,456,460],{"text":455,"type":40},"Only ",{"text":457,"type":40,"marks":458},"53% of companies in these cities report that they have at least \"good visibility\"",[459],{"type":136},{"text":461,"type":40}," over spending. Thus, nearly half of the companies surveyed have little or no visibility whatsoever!",{"type":36,"content":463},[464],{"text":465,"type":40},"On the other hand, nearly 70% of companies in London report having good visibility, which is better than average.",{"type":36,"content":467},[468,470,474],{"text":469,"type":40},"We won't keep belaboring the point: ",{"text":471,"type":40,"marks":472},"companies must have full spend visibility if they want to be efficient and productive",[473],{"type":136},{"text":475,"type":40},". All three cities have room for improvement, but Paris and Berlin have further to climb.",{"type":248,"attrs":477,"content":478},{"level":250},[479],{"text":480,"type":40},"4. 1 in 5 finance teams still use manual expense reports to manage operational spend",{"type":36,"content":482},[483,485,496],{"text":484,"type":40},"It's astounding how many businesses still rely on tedious, tiresome expense reports to manage spending. We've already shared 17 surprising reasons that ",{"text":486,"type":40,"marks":487},"expense claims hurt companies",[488],{"type":121,"attrs":489},{"href":490,"uuid":491,"anchor":43,"target":43,"linktype":125,"story":492},"expense-report-process","9b42b8b7-e924-4563-b9fb-c2a622c1dfa6",{"name":493,"id":494,"uuid":491,"slug":490,"url":495,"full_slug":495,"_stopResolving":58},"17 ways the expense report process hurts your business",208785651,"blog/expense-report-process",{"text":497,"type":40},". Here are just five of the most important:",{"type":153,"content":499},[500,510,533,543,561],{"type":156,"content":501},[502],{"type":36,"content":503},[504,508],{"text":505,"type":40,"marks":506},"They reduce spend visibility.",[507],{"type":136},{"text":509,"type":40}," Finance teams don't know who's spent what until the end of the month (usually at the earliest).",{"type":156,"content":511},[512],{"type":36,"content":513},[514,518,520,531],{"text":515,"type":40,"marks":516},"They lead to lots of paperwork",[517],{"type":136},{"text":519,"type":40},". Finance teams have to manually enter data and attach receipts, and ",{"text":521,"type":40,"marks":522},"employees hate filing them",[523],{"type":121,"attrs":524},{"href":525,"uuid":526,"anchor":43,"target":43,"linktype":125,"story":527},"employee-expense-reports","fed13de1-910a-4998-83ed-ed339cf860d2",{"name":528,"id":529,"uuid":526,"slug":525,"url":530,"full_slug":530,"_stopResolving":58},"Employee expense reports: how to fix this broken system",208735204,"blog/employee-expense-reports",{"text":532,"type":40},"!",{"type":156,"content":534},[535],{"type":36,"content":536},[537,541],{"text":538,"type":40,"marks":539},"They're unfair on employees",[540],{"type":136},{"text":542,"type":40},". They're forced to use their own money and wait for reimbursement.",{"type":156,"content":544},[545],{"type":36,"content":546},[547,551,553,559],{"text":548,"type":40,"marks":549},"They're rife with fraud",[550],{"type":136},{"text":552,"type":40},". ",{"text":554,"type":40,"marks":555},"85% of employees",[556],{"type":121,"attrs":557},{"href":490,"uuid":491,"anchor":43,"target":43,"linktype":125,"story":558},{"name":493,"id":494,"uuid":491,"slug":490,"url":495,"full_slug":495,"_stopResolving":58},{"text":560,"type":40}," admit to having lied on their expense claims.",{"type":156,"content":562},[563],{"type":36,"content":564},[565,569],{"text":566,"type":40,"marks":567},"They're simply out of date",[568],{"type":136},{"text":570,"type":40},". Today, technology makes the process faster, easier, and more secure.",{"type":36,"content":572},[573],{"text":574,"type":40},"All of these are great reasons to get rid of your old fashioned expense claim process and join us in the present.",{"type":248,"attrs":576,"content":577},{"level":250},[578],{"text":579,"type":40},"5. Chasing receipts is the #1 frustration with managing operational spend",{"type":36,"content":581},[582],{"text":583,"type":40},"This is not entirely surprising. With so many companies relying on non-automated expenses - sending expenses by email or on real paper - it's easy for employees to lose or forget receipts. Which is a major issue for professional finance teams.",{"type":36,"content":585},[586,590,592,603],{"text":587,"type":40,"marks":588},"Companies need expense receipts to keep accurate records",[589],{"type":136},{"text":591,"type":40},". This impacts audits and the ",{"text":593,"type":40,"marks":594},"financial close process",[595],{"type":121,"attrs":596},{"href":597,"uuid":598,"anchor":43,"target":43,"linktype":125,"story":599},"financial-close-process","2588d18c-c4af-45b4-8e59-dafb0e849785",{"name":600,"id":601,"uuid":598,"slug":597,"url":602,"full_slug":602,"_stopResolving":58},"Financial close process: why it's broken and how to fix it",208784223,"blog/financial-close-process",{"text":604,"type":40},". So lost or missing receipts are a serious issue.",{"type":36,"content":606},[607,609,613],{"text":608,"type":40},"But unfortunately, this issue doesn't impact employees evenly. ",{"text":610,"type":40,"marks":611},"Finance teams have to nag and beg other employees to follow these rules",[612],{"type":136},{"text":614,"type":40},", because they're fundamental to good financials. But keeping receipts doesn't help a salesperson sell more, or an event planner organize better events.",{"type":36,"content":616},[617,619,630,632,636],{"text":618,"type":40},"Which is why, unless you automate and ",{"text":620,"type":40,"marks":621},"digitize receipts",[622],{"type":121,"attrs":623},{"href":624,"uuid":625,"anchor":43,"target":43,"linktype":125,"story":626},"e-receipts-digital-receipts","33a83be8-1c92-4290-9467-fe95e980a981",{"name":627,"id":628,"uuid":625,"slug":624,"url":629,"full_slug":629,"_stopResolving":58},"e-Receipts: How to store digital receipts for your business expenses",208733240,"blog/e-receipts-digital-receipts",{"text":631,"type":40},", they will always be a ",{"text":633,"type":40,"marks":634},"burden on finance teams and slow down the reconciliation process",[635],{"type":136},{"text":138,"type":40},{"type":36,"content":638},[639,641,647],{"text":640,"type":40},"Ask any finance team how stressful January can be (when they close the books from the previous year). 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Subscribe to our newsletter to stay informed.",[2237,2238],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[2240],{"cta":2241,"_uid":2242,"items":2243,"heading":2368,"reverse":28,"component":831,"sectionSettings":2389},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[2244,2312],{"_uid":2245,"title":769,"component":770,"description":2246},"dfc0accd-ab64-464a-8597-b76754748f04",{"type":33,"content":2247},[2248,2252],{"type":36,"content":2249},[2250],{"text":2251,"type":40},"Business spending includes different types of spend:",{"type":2253,"attrs":2254,"content":2257},"ordered_list",{"order":2255},{"order":2256},1,[2258,2269,2280],{"type":156,"content":2259},[2260],{"type":36,"content":2261},[2262,2266,2268],{"text":2263,"type":40,"marks":2264},"Strategic",[2265],{"type":136},{"text":2267,"type":40}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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