Software Spend Management (SSM) is an official business practice that focuses on the efficient and effective use of software in an organization. It is an important part of a company’s overall IT strategy and helps to ensure that the software investments are maximized and that the organization is able to get the most out of its software investments. SSM involves a range of activities, including the assessment of software requirements, the selection of appropriate software, the implementation of software, and the ongoing management of software. The goal of SSM is to ensure that the organization is able to get the most out of its software investments, while also minimizing the costs associated with software. SSM also helps to ensure that the organization is able to stay up-to-date with the latest software and technology trends, while also ensuring that the organization is able to keep up with the ever-changing demands of the business. SSM is an important part of any organization’s IT strategy and helps to ensure that the organization is able to get the most out of its software investments.