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Subscribe to our newsletter to stay informed.",[1911,1912],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[1914],{"cta":1915,"_uid":1916,"items":1917,"heading":2048,"reverse":28,"component":2069,"sectionSettings":2070},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[1918,1991],{"_uid":1919,"title":1920,"component":1921,"description":1922},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?","faqItem",{"type":61,"content":1923},[1924,1928],{"type":64,"content":1925},[1926],{"text":1927,"type":68},"Business spending includes different types of spend:",{"type":1929,"attrs":1930,"content":1934},"ordered_list",{"order":1931,"key":1933},{"order":1932},1,"ol-0",[1935,1948,1959],{"type":1936,"content":1937},"list_item",[1938],{"type":64,"content":1939},[1940,1945,1947],{"text":1941,"type":68,"marks":1942},"Strategic",[1943],{"type":1944},"bold",{"text":1946,"type":68}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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