So, we have partnered with Coupa and its Business Spend Management (BSM) software to together meet the spend management demands of our customers and prospects. But that can be a real challenge when the data lives in numerous siloed applications throughout your company. If you could aggregate large quantities of your transactional expense data, you would have better visibility of your spending – and manage it accordingly. 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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