In today’s competitive business landscape, efficient management of enterprise spending is crucial for financial sustainability. A robust Enterprise Spend Management (ESM) strategy helps organizations optimize expenses and ensure that every dollar spent contributes to their strategic objectives. The Need for ESM The complexities of modern businesses often result in fragmented and inefficient spending practices. Common challenges include: Miscommunication and Data Silos: Different teams may manage their own expenses, leading to inconsistent data and potential duplication...