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Spend Visibility

Spend visibility is a company’s ability to track how and when capital is used across their business so they can better allocate resources. Limitations on spend visibility are often the result of errors and delays resulting from manual compiling and reconciliation. Automation can dramatically improve spend visibility by minimizing manual workflows.

Related terms

Current Accounts Payable
Current accounts payable (CAP) is a metric that works alongside current accounts receivable by providing information on your company’s debts. Accounts payable are current liabilities – your business will eventually need to pay its debts, which will result in cash outflow.
Current Ratio
Current ratio is a metric that makes it easier for businesses to understand their ability to deal with short-term liabilities.
Days Payable Outstanding (DPO)
Days Payable Outstanding (DPO) is a financial metric that measures the average number of days a company takes to settle its bills with suppliers or creditors for purchases made on credit. In simpler terms, it tells you how long, on average, a company takes to pay off its outstanding accounts payable (AP).
E-invoice
An e-invoice is created, sent, received, and processed electronically, often through standardized formats like XML or EDI (Electronic Data Interchange).
Forecast Variance
Forecast variance is the difference between a predicted result and the actual outcome over a given period for a variety of business activities.
Free Cash Flow
Free cash flow (FCF) describes the cash left over after your company pays its operating expenses and handles maintenance costs for capital assets.