Spend management stories

Firms and consumers boost spending by up to 30% during Black Friday and Christmas, prompting brands to sharpen omnichannel and spend management strategies.

SAP’s Muhammad Alam says AI delivers true ROI when embedded seamlessly into applications, breaking data silos and enhancing user experiences, not as a standalone application.

Manual procurement processes in Australasian manufacturing slow productivity despite advanced plant automation, urging a shift to unified digital platforms for efficiency.

Advanced AI and automation are rendering traditional accounts payable obsolete, with CFOs now leading the shift to faster, more secure, data-driven finance processes.

UK software group ISH acquires Australian fintech ProSpend to enhance its global footprint and expand UK market presence from 2026.

Over 70% of APAC IT leaders lack full visibility of their IT spend, risking AI cost savings and innovation amid growing investments and complex cloud use.

Cloud accounting firm iplicit appoints Ben Crow as VP of Partnerships to boost partner network and target international expansion in Australia and New Zealand.

New Hackett data shows AI-driven spend management boosts CFOs' visibility, cutting costs and accelerating sourcing in tight finance environments.

Candex secures USD $33 million in Series C funding led by 9Yards Capital to boost its global procurement platform and vendor management offerings.

JAGGAER launches JAI, an AI platform enhancing procurement with human-guided orchestration for smarter, integrated task management and decision support.

UK and European finance teams boost automation adoption, with 81% increasing use to combat fraud and ease regulatory burdens, says survey.

JAGGAER has appointed Gopinath Polavarapu as its first Chief Digital and AI Officer to embed advanced AI into its One Platform, boosting automation and collaboration.

Shadow spend drains UK firms’ margins, with £1 in every £10 untracked, but AI and automation offer promising solutions to boost spend visibility and control.

Medius has appointed Gary Hall as Chief Product Officer to lead its global AI-driven spend management and accounts payable product strategy.

Extend unveils an open-source AI toolkit enabling businesses to analyse financial data with advanced automation and multi-framework integration.

Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.

Payhawk has unveiled the AI Office of the CFO, a new suite of AI agents aimed at enhancing finance teams' efficiency by automating critical tasks.

Extend has partnered with Visa to improve virtual card solutions for middle-market businesses, enhancing spending control and security for users.

ProSpend launches its Start ProSpending campaign to tackle inefficiencies in Australian finance teams, aiming to streamline processes and reduce wasted time.

Emburse has launched Emburse AI, a dedicated large language model aiming to streamline expense management and enhance accuracy in financial processes.