Whiteboard Wednesday: 3 Barriers to Spend Optimization

What are the three biggest barriers to optimizing spend? For most organizations, they’re simple solutions that can be overcome through the use of the right processes and tools. In this edition of Whiteboard Wednesday, we’ll take a look at these three obstacles that companies experience as they work towards optimizing their spend:

1. Inefficient processes
2. Lack of visibility
3. Ineffective risk management