Spend management is critical for the financial health of a business—and it’s more than just budgeting. Your spend management strategy should include budgets, approvals and controls, methods of spend, expense reports, and an informed use of the resulting data. It can quickly grow complicated and unmanageable, especially as your company scales.
Luckily, Divvy is here to help. We frequently hear customer frustrations regarding spend management, so we’ve made it our priority to solve those problems. Here are seven of the most common spend management challenges—and how we solve them.