Business spend control refers to the processes and procedures of managing, monitoring, and regulating company expenditures. A broad goal of spend control is to optimise how a business uses financial resources to align spending with the organisation's financial objectives and goals. Spend management and control includes budgeting, purchasing, invoicing, payment processing, and expense reporting.
At a more granular level, spend control includes specific features like card controls, ATM withdrawal blocks, spend limits, and more.