Opex Management is the practice of managing and monitoring a company’s operational costs – that is, their expenses associated with running on a day-to-day basis. It encompasses all activities related to budgeting and forecasting, cost control and optimization, track and report spending, and process efficiency. Effective opex management helps companies manage their resources strategically, while keeping an eye on current and future costs associated with business operations. Ultimately, it’s about creating a culture of accountability, and finding ways to help businesses save money and increase value in the long run.