What's the Difference Between Spend Visibility and Spend Intelligence

In a recent flurry of analyst reports and breaking news, visibility has surfaced as a critical ingredient of procurement success in 2023. As Ardent Partners reports in its new CPO Rising report, visibility is one of the core differentiators between best-in-class procurement departments and less mature organizations.

So if spend visibility is so important to today’s businesses, just imagine what your team could accomplish by taking it a step further and harnessing spend intelligence. To prepare you for the next level, let’s dive in and explore the two concepts, how they differ from each other, and why spend visibility is just the first step in the journey to procurement excellence.