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Subscribe to our newsletter to stay informed.",[1760,1761],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1763],{"cta":1764,"_uid":1765,"items":1766,"heading":1895,"reverse":29,"component":1916,"sectionSettings":1917},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1767,1838],{"_uid":1768,"title":1769,"component":1770,"description":1771},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":49,"content":1772},[1773,1777],{"type":52,"content":1774},[1775],{"text":1776,"type":56},"Business spending includes different types of spend:",{"type":1778,"attrs":1779,"content":1783},"ordered_list",{"order":1780,"key":1782},{"order":1781},1,"ol-0",[1784,1795,1806],{"type":148,"content":1785},[1786],{"type":52,"content":1787},[1788,1792,1794],{"text":1789,"type":56,"marks":1790},"Strategic",[1791],{"type":109},{"text":1793,"type":56}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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