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Subscribe to our newsletter to stay informed.",[1603,1604],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1606],{"cta":1607,"_uid":1608,"items":1609,"heading":1739,"reverse":27,"component":1761,"sectionSettings":1762},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1610,1682],{"_uid":1611,"title":1612,"component":1613,"description":1614},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":32,"content":1615},[1616,1620],{"type":35,"content":1617},[1618],{"text":1619,"type":39},"Business spending includes different types of spend:",{"type":1621,"attrs":1622,"content":1626},"ordered_list",{"order":1623,"key":1625},{"order":1624},1,"ol-0",[1627,1639,1650],{"type":1628,"content":1629},"list_item",[1630],{"type":35,"content":1631},[1632,1636,1638],{"text":1633,"type":39,"marks":1634},"Strategic",[1635],{"type":140},{"text":1637,"type":39}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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