What is spend under management?
Fraxion
MARCH 24, 2023
Today, organizations are under increasing pressure to control costs and improve efficiency due to economic instability, increased competition, rising costs, and regulatory pressures. To ensure long-term success and sustainability, it has become essential for companies to implement robust financial control measures. One such measure is spend under management (SUM), which enables businesses to gain greater visibility and control over their spending, vendor engagements, and adherence to defined pur
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