Controlling company spend (before it’s too late)

Reconciling your company spend at the end of the month can be too late – too late to catch overspending, pinpoint compliance risks, or move money where it’ll make the biggest impact.

We explore: 

  • The risks of a reactive approach to spend management  
  • The opportunities you’ll find with a proactive approach
  • The benefits of viewing your spending as it happens

Learn more about better spend management.

Controlling company spend

(before it’s too late) 

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Frequently Asked Questions

Everything you need to know about the product and billing.

What is decentralised spend? 

Decentralised spend refers to the various expenses employees incur as part of their day-to-day jobs, which are not funnelled through a centralised procurement process. This type of spending is typically incurred by individual employees or departments, rather than centrally through a procurement team.  

What are some common issues of reactive spend management? 

Some common issues of reactive spend management include – a lack of visibility into spending until after it has occurred, increased administrative burden for all teams at month-end, and a higher risk of overspending or financial surprises. This approach often results in inefficiencies and missed opportunities for cost savings.

Why is it important to take a proactive approach to spend management? 

It is important to take a proactive approach to spend management because it allows businesses to maintain better control over expenses, optimise resource allocation, and avoid surprises. A proactive approach also enhances decision-making, increases agility, and supports strategic business goals. 

How can I maintain financial control without slowing down my team? 

You can maintain financial control without slowing down your team by implementing clear spending guidelines, automating approval workflows, and using technology to monitor spending in real-time. This allows your team to make informed decisions quickly while ensuring that expenses remain aligned with the company’s financial objectives. 

Learn more about Spend Management

Interviews, tips, guides, industry best practices, and news.

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