spend visibility

Spend visibility refers to having clear insight into an organization’s total expenditures across all departments and categories. It involves tracking, analyzing, and understanding where money is being spent, enabling better control and informed decision-making. By gaining transparency into spending patterns, businesses can identify cost-saving opportunities, prevent overspending, and optimize budgets. Essentially, spend visibility provides a comprehensive view of financial outflows, helping organizations manage resources more effectively and achieve better financial health.