Machine Learning for Spend Analytics is the use of artificial intelligence to analyze data to identify trends, create forecasts, and generate insights from large datasets. It gives organizations a powerful tool to uncover opportunities to reduce costs, optimize resources, and improve efficiency. Through leveraging ML to automatically detect patterns in spend behavior and detect anomalies in purchasing activity, businesses can increase visibility into their spending and gain valuable insights into cost-saving strategies. By using Machine Learning, companies can make informed decisions that maximize their ROI and create a more efficient and effective spend management process.