2024 Total Spend Management Benchmark Report for Small and Midsize Businesses
Access exclusive data and insights to free up capital for growth
Structural cost pressures. Tighter financial conditions. Cost volatility. Increasingly complex supplier relationships. Today’s economy is fundamentally different. And in this new era, the ways that most companies are continuing to do business aren’t designed to build margin-multiplying capabilities that drive profitable growth. The companies that can’t adapt are the ones that close their doors forever.
To guide business transformation, finance and procurement leaders can look to best-in-class performance in total spend management. How are top performers using AI, data, and advanced technology to multiply margins and make smarter decisions? This report features community-powered benchmarks across 16 KPIs to help leaders answer questions like:
- To what extent is my business capable of stopping margin erosion?
- How can I transform our company’s spend management to gain a margin multiplier? Where will I need to invest?
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