Spend Management

Spend management software keeps track of and handles business expenditures. These might include the cost of raw materials and parts, or services such as marketing and subscriptions. By collecting and analysing your spend data, this software helps your whole organisation understand how the company is spending its money.

This kind of software helps to make sure you don’t spend more than you need to and to keep track of your business expenses so that they are reflected correctly in your financial statements. Spend management software is largely used by procurement departments to plan and track business costs, but accountants might also use it for financial reporting.

Tools in this category

Spendesk

Spendesk is a spend management software that helps businesses streamline processes like expense reports, compliance, invoice tracking, expense reimbursement, and corporate card management.

Ramp

Ramp is a spend management and finance automation and corporate card software that helps businesses control their spendings. Every transaction is tracked by the software and the digital card, and the user is notified of the remaining balance and saving tips.

Airbase

Airbase is an expenditure management tool that aids businesses in maintaining control and insight over their finances. It is an all-in-one product that integrates three products; billing payments, corporate payments and employee reimbursements.