![]() This is driven by increased spending on cloud and SaaS-based software, where organizations need improved transparency and financial planning. ![]() And the market for it is booming the business spend software market is expected to reach nearly $18 billion by 2027 – or a CAGR increase at a rate of almost 11%. This is where business spend management software comes into play, tackling the comprehensive management of company spending. Imagine having to monitor the spending habits of a large business, with hundreds of cost centers and complex supply chains. It is especially relevant in today’s economic environment where companies are hyper-focused on gaining complete visibility to help rationalize costs. It’s tough keeping tabs on your daily spending habits-a cup of coffee, take-out for dinner, online purchases, and movie downloads.
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