Intelligent Spend Management is the proactive practice of optimizing and managing a company’s expenditure to maximize value. It requires a comprehensive understanding of your business goals, environment, processes, resources, and strategies in order to identify areas of savings and cost-effectiveness, while minimizing risks and increasing efficiency. By taking a holistic approach, Intelligent Spend Management enables organizations to acquire goods and services at the lowest price and best service level possible, while allocating resources with maximum effectiveness.