It may be the most overlooked and underrated expense in any business. However, petty cash is just as important to take note of as with any expense. With spend management’s involvement, having proper records of petty cash can mitigate potential fraud or even workplace breaches.

With pre-debited cards, employers can give their employees the ability to assist the workflow process by allowing them the opportunity to make financial decisions at their level. This in turn, develops employees with a renewed sense of purpose and self-importance within the firm.

Defining a budget is a crucial step to ensure that your business has a better chance of being successful. Your financial budget will usually include your business goals against your business costs. Budgets may be reviewed annually, however some companies may do a budget review more regularly. Below are 4 reasons why a small business needs to have a budget in place.

Why are businesses using spend management software? Below we have listed 5 benefits of spend management for small businesses.

How much and how fast you spend depends largely on how well you plan your spending, that's where Spend Management comes in. Spend management is the process that a company uses to control its spending.