5 Steps to Strategic Spend Management
All CFOs are concerned with how their company is spending its money.
To survive and maintain a competitive advantage, companies need to be strategic in their spend management and identify ways to invest wisely to meet current demands and fuel growth for the future.
In this SAP white paper, explore five steps toward a more strategic spend management approach. These are:
- Understanding your spend management processes
- Building flexibility into your spend management strategy
- Holding business leaders accountable for spending and budgets
- Reviewing and communicating spend policy, and alert employees
- Aligning spend management strategy with business goals
How is your company spending its money?