Spend management as a discipline has traditionally been the domain of the procurement department, with finance being at the end of the chain to process invoices and hindered by a lack of visibility to support cost containment. Times have changed. In today’s rapidly evolving landscape, real-time visibility has become essential for controllers. Economic shifts, rising costs, supply chain disruptions, and complex regulations demand timely insights to make informed decisions, allocate resources efficiently, and manage risks effectively. Without real-time visibility, controllers rely on outdated data, leading to delayed decisions, inaccurate forecasts, and a heightened risk of financial irregularities. Comprehensive visibility and control are vital for monitoring spend against budgets, uncovering cost-saving opportunities, and ensuring regulatory compliance. Without these capabilities, organizations face budget overruns, inefficient resource allocation, and potential regulatory consequences.

GAIN INSIGHT INTO:

• The risks of siloed spend management systems and practices.
• The importance of advanced data analysis and AI-driven insights to strategic financial management.
• The organizational control comprehensive spend management technology yields.
• How and why finance leaders are implementing Coupa's AI Total Spend Management platform and the outcomes they achieve.