Business Spend Management (BSM) companies are organizations that specialize in helping businesses manage their spending. They provide a range of services that can help businesses reduce costs, optimize spending, and improve financial performance. BSM companies typically provide a suite of tools and services to help businesses track and manage their spending. These tools and services can include budgeting, forecasting, procurement, vendor management, and financial analytics. BSM companies also provide consulting services to help businesses identify areas of improvement and develop strategies to reduce costs and optimize spending. By leveraging their expertise and technology, BSM companies can help businesses save money, improve efficiency, and increase profitability. Ultimately, BSM companies are a valuable resource for businesses looking to maximize their financial performance.