The CFO’s Guide to Business Spend Management

The CFO’s Guide to Business Spend Management

Published by: Research Desk Released: Nov 22, 2023

When The Going Gets Tough: What Finance Leaders Need to Know About Harnessing the Power of Spend

Spend management as a discipline has traditionally been the domain of the procurement department, with finance being at the end of the chain mired with a lack of visibility to support cost containment.

Thanks to technological advances, Business Spend Management (BSM) has emerged, and is empowering finance leadership to better understand — and influence — how resources are being used across their company.

This guide outlines how BSM technology can solve the challenges of legacy spend management processes and systems, unlock cash flow, improve liquidity, reduce risk, and enable sustainable growth.

Gain insight into the:
• Risks of siloed spend management systems and practices
• Importance of BSM to strategic financial management
• Organizational control BSM technology yields