In this article, we’ll explore enterprise spend management solutions and different types of tools that help businesses boost their spend management in 2025.
Managing business spend has never been more complex – or more important. Between rising costs, economic uncertainty and increasingly decentralised workforces, keeping track of where company money is going can quickly become a challenge.
That’s where enterprise spend management tools come in. These digital solutions help businesses gain full visibility and control over spending, whether it’s employee expenses, procurement, travel bookings, budgeting or supplier contracts.
Today’s best platforms don’t just simplify admin and approvals: they deliver real-time data and smart insights that help finance leaders make faster, more informed decisions.
In this article, we’ll explore enterprise spend management solutions and different types of tools that help businesses boost their spend management in 2025.
Key takeaways:
- Enterprise spend management tools give businesses real-time visibility, control and insights across all areas of company spend, from procurement and travel to employee expenses, budgeting and contracts.
- Modern platforms simplify processes, improve policy compliance and help finance teams make faster, smarter, more data-driven decisions.
- When choosing a spend management tool, prioritise smart company cards and spend controls, seamless accounting integrations and real-time spend notifications.
What is an enterprise spend management tool?
Enterprise spend management tools are digital solutions which help businesses track, control and optimise how company money is spent.
In the past, managing business expenses meant juggling spreadsheets, chasing email approvals and relying on clunky finance systems. Now, modern spend management tools bring everything into one place, giving finance teams real-time visibility, tighter control and smarter insights into every penny going out the door.
In 2025, there’s a fast-growing ecosystem of enterprise spend management tools on the market covering everything from employee expenses and procurement to corporate travel, forecasting and budgeting and contract management. These tools don’t just simplify processes and save time: they also help businesses make smarter, data-driven decisions about how, when and where their money is spent.
If you haven’t explored the latest generation of spend management tools and the clever tech surrounding them, now’s the time to dive in!
Expense management platforms
Expense management platforms help businesses track, control and automate employee expenses. These tools replace manual expense reports, paper receipts and clunky approval processes with digital solutions that make it easier to manage company card spend, reimbursements and approvals in real time.
Many expense management platforms also integrate with accounting software and offer analytics to help finance teams stay on top of spending patterns and policy compliance.
1. Pleo
With more than 1,480 five star reviews, Pleo is Europe’s most loved and trusted spend management platform. From daily business expenses to software subscriptions, with Pleo, you get instant visibility of all your company spend.
Get detailed reports on spending patterns to help you identify trends, monitor budgets and make informed financial decisions – Pleo's analytics dashboard does it all. And with real-time tracking, easy categorisation of expenses and automated expense reporting, your finance team can keep up with expenses as they happen. No need to worry about overspending.
Pleo pros:
- Ease of use
- Seamless integrations
- Easy upload
- Expense management
- Simplicity
Source: G2
Want more proof? Look no further than this glowing review from one of our users:
“Pleo is a very user-friendly tool that helps us to control the business expenses of our employees. We use Pleo every day. You have total control over employee spending. [...] I think it’s a really well thought-out tool.”
Procurement management software
Procurement management software streamlines how businesses source, purchase and manage goods and services. It handles everything from purchase requests and approvals to supplier management and order tracking.
By centralising procurement workflows, these tools help companies control costs, improve supplier relationships and reduce the risk of off-policy or duplicate spending.
2. Coupa
Coupa is one of the leading procurement management platforms built to help businesses take control of their sourcing, purchasing and supplier relationships.
The solution streamlines purchase requests, approvals and supplier onboarding whilst centralising procurement workflows to improve efficiency and policy compliance. Coupa also connects procurement data with expenses and payments, giving businesses real-time visibility into company-wide spend.
Coupa pros:
- Ease of use
- Features
- Intuitive
- Efficiency
- User interface
Source: G2
3. JAGGAER
JAGGAER is a cloud-based procurement management platform that helps businesses manage their entire source-to-pay (S2P) process.
Popular in sectors like manufacturing, healthcare and life sciences, JAGGAER streamlines everything from sourcing and supplier management to purchasing and invoicing. It also offers AI-powered spend analytics to help businesses track, analyse and optimise procurement spend in real time.
JAGGAER pros:
- Simple
- Ease of use
- Customer support
- Procurement automation
Source: G2
Corporate travel management platforms
Corporate travel management platforms make it easier for businesses to book, manage and track business travel. These tools allow employees to book flights, hotels and transport within company policy while giving finance teams oversight of travel spend and approvals.
Many corporate travel management platforms also integrate with expense management tools to simplify post-trip expense reconciliation and reporting.
4. TravelPerk
TravelPerk is the perfect solution for booking corporate travel and managing and reporting travel spend – all in one place. It makes booking flights, hotels, trains and car rentals easy whilst providing travel policy compliance tools and real-time expense tracking.
And here’s the best part: TravelPerk integrates with Pleo to make business trips plain sailing. Use your Pleo card to make your booking on TravelPerk, and automatically reconcile your expenses and invoices in one place – wherever you are.
TravelPerk pros:
- Ease of use
- Easy booking
- Convenience
- Customer support
- Booking management
Source: G2
5. Navan (formerly TripActions)
Navan (formerly TripActions) is a next-generation corporate travel management platform that helps businesses control and optimise their travel spend. It offers a user-friendly platform for booking employee trips, managing travel policies and tracking travel expenses in real time.
The platform makes it easy to build company-wide travel programmes, arrange team offsites and keep travel spending within policy, all whilst giving finance teams greater visibility and control over one of the biggest areas of discretionary spend.
Navan pros:
- Ease of use
- Easy booking
- Convenience
- Simple
Source: G2
Budgeting, forecasting and financial planning tools
Budgeting, forecasting and financial planning tools help businesses plan, track and optimise their financial performance. They go beyond spreadsheets, offering dynamic, data-driven solutions for setting budgets, forecasting revenue and expenses and modelling different financial scenarios.
By giving finance teams real-time insights and flexible planning capabilities, these tools make it easier to stay agile, respond to market changes and make smarter, faster financial decisions.
6. Anaplan
Anaplan is a powerful cloud-based planning platform designed for businesses that need agility and precision in their financial planning.
The tool connects budgeting, forecasting and operational planning in one place, offering real-time data, scenario modelling and collaborative workflows to help finance teams plan smarter and adapt faster.
Anaplan pros:
- Flexibility
- Ease of use
- Features
- Planning
- Customisability
Source: G2
7. Workday Adaptive Planning
Workday Adaptive Planning is a flexible financial planning and analysis (FP&A) tool built for businesses looking to ditch static spreadsheets for good.
It makes it easy to build budgets, create forecasts and run what-if scenarios – all whilst giving finance teams real-time insights and the ability to plan, pivot and report with confidence.
Workday Adaptive Planning pros:
- Ease of use
- Efficiency
- Features
- Flexibility
- Integrations
Source: G2
Contract management tools
Contract management tools help businesses create, store, track and manage contracts throughout their lifecycle.
From vendor agreements to service contracts, these platforms provide a centralised, searchable system for managing contract approvals, renewals, obligations and compliance. This reduces risk, improves efficiency and helps ensure businesses stay in control of their contractual commitments – and the spend that comes with them.
8. Contractbook
Contractbook is a cloud-based contract management platform that helps businesses create, manage and track contracts throughout their lifecycle. It centralises everything from drafting and approvals to storage and renewals, reducing risk and improving efficiency.
By keeping all supplier agreements and commercial contracts in one place, Contractbook makes it easier for businesses to stay on top of obligations, track contract-related spend and avoid costly oversights.
Contractbook pros:
- Convenience
- Ease of use
- Easy setup
- Simple
- Time efficiency
Source: G2
9. Ironclad
Ironclad is a modern contract lifecycle management (CLM) platform built to help businesses take control of their contracts and related spend. It centralises the entire contract process – from drafting to approvals and renewals – whilst automating workflows and tracking obligations.
With real-time visibility and analytics, Ironclad makes it easier to manage supplier agreements, reduce risk and keep spend firmly under control.
Ironclad pros:
- Ease of use
- Customer support
- Integrations
- Easy setup
- Automation
Source: G2
What to look for in an enterprise spend management tool
There’s no shortage of enterprise spend management tools on the market – but not every solution will suit your business.
Here are a few key things to consider when choosing your tools:
- Smart company cards and spend controls: Look for tools that offer company cards with built-in controls – like spending limits, merchant restrictions and approval flows – to prevent overspending before it happens.
- Seamless accounting integrations: Make month-end painless. Look for a tool that integrates smoothly with your accounting platform (like Xero, QuickBooks, NetSuite or Sage) to keep your financial data clean and reconciled.
- Real-time spend notifications: Instant alerts when company money is spent help finance teams and managers stay in the loop – and stop problems before they escalate.
- Business needs: Are you mainly looking to manage employee expenses, procurement or travel, or do you need an all-in-one platform? Identify your business needs before you start comparing tools.
- Ease of use: Enterprise spend management should simplify processes – not make them more complicated. Look for tools with an intuitive, user-friendly interface that’s easy to navigate for both finance teams and employees.
- Good value for money: Compare pricing models against the features on offer. Make sure you’re getting the tools and insights you need to improve spend control – without overpaying for extras you won’t use.
You might also be interested in: 8 tools to boost your invoice management in 2025
Final thoughts
The spend management landscape has come a long way from the tangle of spreadsheets, paper receipts and disconnected systems it used to be. In 2025, it’s an integrated ecosystem of tools designed to simplify workflows, improve policy compliance and unlock real-time financial insights.
Whether you’re looking to sharpen control over procurement, streamline business travel, get your budgeting under control, automate employee expenses or manage contracts and agreements, the right enterprise spend management platform can help you save time, cut waste and make smarter, data-driven decisions.
As the demands on finance teams continue to grow, investing in flexible, connected tools isn’t just a nice-to-have: it’s essential for staying in control of business spend in 2025 and beyond.
