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Subscribe to our newsletter to stay informed.",[1902,1903],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1905],{"cta":1906,"_uid":1907,"items":1908,"heading":2037,"reverse":29,"component":2058,"sectionSettings":2059},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1909,1980],{"_uid":1910,"title":1911,"component":1912,"description":1913},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":49,"content":1914},[1915,1919],{"type":52,"content":1916},[1917],{"text":1918,"type":56},"Business spending includes different types of spend:",{"type":1920,"attrs":1921,"content":1925},"ordered_list",{"order":1922,"key":1924},{"order":1923},1,"ol-0",[1926,1937,1948],{"type":148,"content":1927},[1928],{"type":52,"content":1929},[1930,1934,1936],{"text":1931,"type":56,"marks":1932},"Strategic",[1933],{"type":109},{"text":1935,"type":56}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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