Spend Intelligence is the process of collecting, analyzing, and interpreting data related to a company’s spending activities. It is an important tool for companies to gain insight into their spending patterns and make informed decisions about their budget. By leveraging data-driven insights, companies can optimize their spending and maximize their return on investment. Spend Intelligence helps companies identify areas of potential savings, reduce costs, and identify areas of opportunity for improvement. It also helps them to identify potential risks associated with their spending activities. Additionally, Spend Intelligence can help companies understand their suppliers and negotiate better terms and conditions. By leveraging Spend Intelligence, companies can ensure that their spending is aligned with their business objectives and that they are getting the most out of their investments.