[{"data":1,"prerenderedAt":3807},["ShallowReactive",2],{"en-blog/paperless-office-digital-dematerialisation":3,"en-global-content":895,"en-article-global-content":2321,"en-blog-article-more-articles-dc6c2394-55ec-4612-aef1-8ca53ab072c7":2579,"en-blog-article-more-articles-208735277":3802},{"name":4,"created_at":5,"published_at":6,"updated_at":7,"id":8,"uuid":9,"content":10,"slug":882,"full_slug":883,"sort_by_date":42,"position":884,"tag_list":885,"is_startpage":27,"parent_id":887,"meta_data":42,"group_id":888,"first_published_at":889,"release_id":42,"lang":48,"path":42,"alternates":890,"default_full_slug":883,"translated_slugs":891},"Building a paperless office: how to dematerialise and go digital","2022-10-24T15:55:38.454Z","2026-03-12T10:47:18.012Z","2026-03-12T10:47:29.823Z",208735277,"92cf248a-a200-4778-b098-30f84c381a92",{"_uid":11,"roles":12,"title":13,"author":14,"topics":58,"content":80,"noIndex":27,"category":744,"language":769,"component":757,"heroMedia":772,"sidebarCta":780,"publishedAt":805,"readingTime":806,"redirectUrl":25,"listingImage":807,"metaDescription":813,"componentsAfterTheArticle":814},"a2854fa1-75e3-4b52-8efe-5af49371b31a",[],"Building a paperless office: How to dematerialise and go digital",{"name":15,"created_at":16,"published_at":6,"updated_at":17,"id":18,"uuid":19,"content":20,"slug":40,"full_slug":41,"sort_by_date":42,"position":43,"tag_list":44,"is_startpage":27,"parent_id":45,"meta_data":42,"group_id":46,"first_published_at":47,"release_id":42,"lang":48,"path":42,"alternates":49,"default_full_slug":41,"translated_slugs":50,"_stopResolving":57},"Tom Baragwanath","2022-10-19T17:36:11.467Z","2026-03-12T10:47:20.047Z",206165075,"c1fcaf94-9dc3-4114-906a-9c1635838ea6",{"_uid":21,"name":15,"links":22,"picture":23,"lastName":28,"component":29,"firstName":30,"description":31},"bae922d2-0072-40ad-9240-38293af49d56",[],{"alt":24,"name":25,"focus":25,"title":25,"filename":24,"copyright":25,"fieldtype":26,"is_external_url":27},"https://a.storyblok.com/f/146026/433x433/59f5315c9a/tom-baragwanath.jfif","","asset",false,"Baragwanath","author","Tom",{"type":32,"content":33},"doc",[34],{"type":35,"content":36},"paragraph",[37],{"text":38,"type":39},"Tom Baragwanath is an author and freelance content marketer. ","text","tom-baragwanath","blog/author/tom-baragwanath",null,-120,[],176408854,"7aed10ab-6fb5-40e6-87b3-02858df965b5","2022-11-02T15:26:09.609Z","default",[],[51,53,55],{"path":41,"name":42,"lang":52,"published":42},"fr",{"path":41,"name":42,"lang":54,"published":42},"de",{"path":41,"name":42,"lang":56,"published":42},"es",true,[59],{"name":60,"created_at":61,"published_at":6,"updated_at":62,"id":63,"uuid":64,"content":65,"slug":68,"full_slug":69,"sort_by_date":42,"position":70,"tag_list":71,"is_startpage":27,"parent_id":72,"meta_data":42,"group_id":73,"first_published_at":74,"release_id":42,"lang":48,"path":42,"alternates":75,"default_full_slug":69,"translated_slugs":76,"_stopResolving":57},"Future of work","2022-10-19T17:58:00.502Z","2026-03-12T10:47:24.101Z",206171446,"dc6c2394-55ec-4612-aef1-8ca53ab072c7",{"_uid":66,"name":60,"component":67},"6a11bb23-b7c4-47eb-b4c8-09dd70838dde","tag","future-of-work","blog/topic/future-of-work",-500,[],176456153,"21f2ff82-846a-45b1-99c6-c5aed779020a","2022-11-02T15:24:40.756Z",[],[77,78,79],{"path":69,"name":42,"lang":52,"published":42},{"path":69,"name":42,"lang":54,"published":42},{"path":69,"name":42,"lang":56,"published":42},{"type":32,"content":81},[82,106,125,135,139,148,155,163,173,177,183,187,191,201,209,227,231,237,242,256,349,353,361,366,376,381,389,394,404,409,427,443,447,451,456,460,465,469,477,481,486,498,502,507,519,523,529,541,559,565,600,606,625,651,657,669,673,689,707,712,716,724,728,736,737],{"type":35,"content":83},[84,89,91,99,100,104],{"text":85,"type":39,"marks":86},"The",[87],{"type":88},"bold",{"text":90,"type":39}," ",{"text":92,"type":39,"marks":93},"digital revolution",[94],{"type":95,"attrs":96},"link",{"href":97,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://enterprisersproject.com/what-is-digital-transformation","url",{"text":90,"type":39},{"text":101,"type":39,"marks":102},"continues to redefine modern business.",[103],{"type":88},{"text":105,"type":39}," Real-time processes, big data, algorithm-driven systems: digital technology has generated huge new efficiencies and capabilities, but has brought with it a raft of challenges.",{"type":35,"content":107},[108,110,114,116,123],{"text":109,"type":39},"A key part of this transformation is ",{"text":111,"type":39,"marks":112},"the dematerialisation of paper-based systems and procedures.",[113],{"type":88},{"text":115,"type":39}," While this brings massive benefits in speed, convenience and efficiency, there are also significant risks to manage in making the switch. Is your business a good candidate for ",{"text":117,"type":39,"marks":118},"going paperless",[119],{"type":95,"attrs":120},{"href":121,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://juro.com/learn/paperless-office#exit","_self",{"text":124,"type":39},"?",{"type":35,"content":126},[127,129,133],{"text":128,"type":39},"In this post, we’ll take a look at ",{"text":130,"type":39,"marks":131},"the basics of dematerialisation for your business.",[132],{"type":88},{"text":134,"type":39}," With our help, you and your team will soon be able to ditch your paper-based systems and move to digital alternatives, and do so with minimal disruption.",{"type":35,"content":136},[137],{"text":138,"type":39},"Take a deep breath, and let’s begin.",{"type":140,"attrs":141},"blok",{"id":142,"body":143},"55ca6f42-5a75-454d-be16-76c77f19b98b",[144],{"_uid":145,"html":146,"component":147},"i-08eceb7f-64b8-40b6-af43-b74c11ae7eac","\u003C!--HubSpot Call-to-Action Code -->\u003Cspan class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-3c9d9a7b-d0a0-4e15-b457-713e45f7fa91\">\u003Cspan class=\"hs-cta-node hs-cta-3c9d9a7b-d0a0-4e15-b457-713e45f7fa91\" id=\"hs-cta-3c9d9a7b-d0a0-4e15-b457-713e45f7fa91\">\u003C!--[if lte IE 8]>\u003Cdiv id=\"hs-cta-ie-element\">\u003C/div>\u003C![endif]-->\u003Ca href=\"https://cta-redirect.hubspot.com/cta/redirect/2694209/3c9d9a7b-d0a0-4e15-b457-713e45f7fa91\" >\u003Cimg class=\"hs-cta-img\" id=\"hs-cta-img-3c9d9a7b-d0a0-4e15-b457-713e45f7fa91\" style=\"border-width:0px;\" src=\"https://no-cache.hubspot.com/cta/default/2694209/3c9d9a7b-d0a0-4e15-b457-713e45f7fa91.png\"  alt=\"New call-to-action\"/>\u003C/a>\u003C/span>\u003Cscript charset=\"utf-8\" src=\"https://js.hscta.net/cta/current.js\">\u003C/script>\u003Cscript type=\"text/javascript\"> hbspt.cta.load(2694209, '3c9d9a7b-d0a0-4e15-b457-713e45f7fa91', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); \u003C/script>\u003C/span>\u003C!-- end HubSpot Call-to-Action Code -->","embed",{"type":149,"attrs":150,"content":152},"heading",{"level":151},2,[153],{"text":154,"type":39},"Hold up, what’s dematerialisation?",{"type":35,"content":156},[157,159],{"text":158,"type":39},"Way too many syllables, right? ‘Dematerialisation’ might sound a little sci-fi, but trust us: ",{"text":160,"type":39,"marks":161},"it’s simpler than you think.",[162],{"type":88},{"type":35,"content":164},[165,167,171],{"text":166,"type":39},"Put simply, ",{"text":168,"type":39,"marks":169},"dematerialisation refers to the process of substituting physical information media for digital files.",[170],{"type":88},{"text":172,"type":39}," Scanning paper to pdf, in layperson’s terms.",{"type":35,"content":174},[175],{"text":176,"type":39},"To illustrate the concept, let’s indulge in a little roleplay.",{"type":149,"attrs":178,"content":180},{"level":179},3,[181],{"text":182,"type":39},"Dematerialisation in practice",{"type":35,"content":184},[185],{"text":186,"type":39},"Imagine for a thrilling moment you’re working in accounts payable at a medium-sized business. Historically, you’ve used a paper-based system to pay invoices, including making copies of invoices, attaching an approval form for the necessary signatures, and filing everything somewhere safe after payment, hopefully with a copy of the right receipt.",{"type":35,"content":188},[189],{"text":190,"type":39},"Nice and tidy, right?",{"type":35,"content":192},[193,195,199],{"text":194,"type":39},"Well, sure. Except every year, ",{"text":196,"type":39,"marks":197},"those invoices add up to an ever-growing stack.",[198],{"type":88},{"text":200,"type":39}," Not only do you have to store them so they won’t topple over and pin you to the ground, but if you need to check an old invoice, you have to know exactly where to begin. Unless you’re sure of what you’re looking for, you’re likely to spend a long time searching.",{"type":35,"content":202},[203],{"type":204,"attrs":205},"image",{"id":42,"alt":206,"src":207,"title":42,"source":42,"copyright":42,"meta_data":208},"paper-rolls-stack-dematerialise","https://get.spendesk.com/hubfs/paper-rolls-stack-dematerialise.jpg",{},{"type":35,"content":210},[211,213,217,219,225],{"text":212,"type":39},"Now, imagine that instead of receiving paper documents, you could receive invoices as PDFs and ",{"text":214,"type":39,"marks":215},"digitise every step of the payment process.",[216],{"type":88},{"text":218,"type":39}," You can even ",{"text":220,"type":39,"marks":221},"sign a PDF",[222],{"type":95,"attrs":223},{"href":224,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://www.jotform.com/blog/how-to-add-a-signature-to-a-pdf/",{"text":226,"type":39}," and handle the signature digitally as well.",{"type":35,"content":228},[229],{"text":230,"type":39},"Not only that, but you could convert your old invoices from paper documents into digital files, ridding yourself of those wobbling death-traps and creating a functional, searchable database.",{"type":35,"content":232},[233],{"text":234,"type":39,"marks":235},"That’s dematerialisation in practice.",[236],{"type":88},{"type":149,"attrs":238,"content":239},{"level":151},[240],{"text":241,"type":39},"What are the benefits of dematerialisation?",{"type":35,"content":243},[244,246,252],{"text":245,"type":39},"Compared with standard paper-based systems, ",{"text":247,"type":39,"marks":248},"the benefits of dematerialisation are huge",[249],{"type":95,"attrs":250},{"href":251,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://corporatefinanceinstitute.com/resources/equities/dematerialization/",{"text":253,"type":39,"marks":254},":",[255],{"type":88},{"type":257,"attrs":258,"content":261},"ordered_list",{"order":259,"key":260},1,"ol-0",[262,273,283,293,303,313,323],{"type":263,"content":264},"list_item",[265],{"type":35,"content":266},[267,271],{"text":268,"type":39,"marks":269},"Speed:",[270],{"type":88},{"text":272,"type":39}," Reviewing, filing, storing and searching paper-based systems is ridiculously time-consuming. Switching to digital allows you to transfer documents more easily, and also allows you to quickly search for correct information.",{"type":263,"content":274},[275],{"type":35,"content":276},[277,281],{"text":278,"type":39,"marks":279},"Security:",[280],{"type":88},{"text":282,"type":39}," Every piece of paper in an in-tray is a security breach waiting to happen - the same is true for unsecured filing cabinets. Maintaining documents digitally keeps them out of sight, and ensures a clear trail of everyone who has accessed them.",{"type":263,"content":284},[285],{"type":35,"content":286},[287,291],{"text":288,"type":39,"marks":289},"Disaster-readiness:",[290],{"type":88},{"text":292,"type":39}," Flooded basements, office fires, paper mites, earthquakes: there are so many ways your hard-copy files can be put at risk. With the right digital storage software, you can rest easy knowing there are secure backups of your information.",{"type":263,"content":294},[295],{"type":35,"content":296},[297,301],{"text":298,"type":39,"marks":299},"Easy edits:",[300],{"type":88},{"text":302,"type":39}," Many business documents (invoices, contracts, memoranda) require edits and revisions at different points, especially when working across teams. With digital systems, you can edit documents conveniently.",{"type":263,"content":304},[305],{"type":35,"content":306},[307,311],{"text":308,"type":39,"marks":309},"Searchable:",[310],{"type":88},{"text":312,"type":39}," Picture yourself looking up at a tall shelf of mislabeled files, searching for a single document. Terrifying, right? With digitised versions of those documents and the right software, you could search for the right information quickly and accurately.",{"type":263,"content":314},[315],{"type":35,"content":316},[317,321],{"text":318,"type":39,"marks":319},"Space savings:",[320],{"type":88},{"text":322,"type":39}," Office space is one of the highest costs for business. By converting your hard-copy files to digital, you can save a lot in storage costs. Plus, think what you could do with all of those empty closets!",{"type":263,"content":324},[325],{"type":35,"content":326},[327,331,333,339,341,347],{"text":328,"type":39,"marks":329},"Environmental impact:",[330],{"type":88},{"text":332,"type":39}," All that paper isn’t just a drag to file and store; it also adds up to ",{"text":334,"type":39,"marks":335},"a major drain on natural resources",[336],{"type":95,"attrs":337},{"href":338,"uuid":42,"anchor":42,"target":42,"linktype":98},"http://environmentalprofessionalsnetwork.com/the-environmental-impacts-of-using-paper/",{"text":340,"type":39},". Switching from paper to digital processes can ",{"text":342,"type":39,"marks":343},"reduce your business’s carbon footprint",[344],{"type":95,"attrs":345},{"href":346,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://escapewaste.com/zero-waste-offices-tips-talk-management-supplies/",{"text":348,"type":39}," in a big way.",{"type":35,"content":350},[351],{"text":352,"type":39},"Pretty convincing, right? We think so.",{"type":35,"content":354},[355,357],{"text":356,"type":39},"But don’t fire up those shredders just yet: ",{"text":358,"type":39,"marks":359},"there are a few risks you need to consider first.",[360],{"type":88},{"type":149,"attrs":362,"content":363},{"level":151},[364],{"text":365,"type":39},"What are the risks of dematerialisation?",{"type":35,"content":367},[368,370,374],{"text":369,"type":39},"As with any change to processes and systems, switching from hard-copy to digital ",{"text":371,"type":39,"marks":372},"carries the risk of disruption and information loss.",[373],{"type":88},{"text":375,"type":39}," If done incorrectly or incompletely, you could be in for more pain than you bargained for.",{"type":149,"attrs":377,"content":378},{"level":179},[379],{"text":380,"type":39},"Stress & disruption",{"type":35,"content":382},[383,385],{"text":384,"type":39},"No matter how sophisticated or intuitive, new processes can take a while to bed-in. Getting used to new ways of doing things can take staff a long time, and the process of adjustment can be difficult, not to mention stressful. You could end up with ",{"text":386,"type":39,"marks":387},"serious disruptions to your business.",[388],{"type":88},{"type":149,"attrs":390,"content":391},{"level":179},[392],{"text":393,"type":39},"Information loss",{"type":35,"content":395},[396,398,402],{"text":397,"type":39},"You’re also going to need some decent document management software. If you’re planning on simply scanning all paper documents and keeping the pdfs on your desktop, think again: not only will this result in limited added search functionality, but you’ll be open to ",{"text":399,"type":39,"marks":400},"the risk of information loss",[401],{"type":88},{"text":403,"type":39}," if anything happens to your computer.",{"type":149,"attrs":405,"content":406},{"level":179},[407],{"text":408,"type":39},"Legal stuff",{"type":35,"content":410},[411,413,419,421,425],{"text":412,"type":39},"Particular industries are subject to ",{"text":414,"type":39,"marks":415},"certain legal requirements",[416],{"type":95,"attrs":417},{"href":418,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://www.total-shred.com/how-long-does-a-uk-business-need-to-keep-paper-and-digital-records/",{"text":420,"type":39}," when it comes to hard-copy documentation. For example, ",{"text":422,"type":39,"marks":423},"it’s a legal requirement in most countries for a limited liability company to keep a hard copy",[424],{"type":88},{"text":426,"type":39}," of its operating agreement in its place of business, not to mention displaying any relevant permits and health certifications.",{"type":35,"content":428},[429,431,437,439],{"text":430,"type":39},"Of course, ",{"text":432,"type":39,"marks":433},"this doesn’t extend to the little things like receipts and invoices",[434],{"type":95,"attrs":435},{"href":436,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://www.thefriendlyaccountants.co.uk/scanned-receipts-and-invoices-hmrc-requirements/",{"text":438,"type":39},". But if you’re unsure about your legal requirements in relation to particular documents, ",{"text":440,"type":39,"marks":441},"it pays to get professional advice from your lawyer or accountant.",[442],{"type":88},{"type":35,"content":444},[445],{"text":446,"type":39},"All of these considerations make it crucial to approach dematerialisation with care and patience.",{"type":35,"content":448},[449],{"text":450,"type":39},"What do we mean, exactly? Read on!",{"type":149,"attrs":452,"content":453},{"level":151},[454],{"text":455,"type":39},"Want a paperless office? The devil is in the details",{"type":35,"content":457},[458],{"text":459,"type":39},"Before you embark on the dematerialisation process, there are a few things you need to be sure about.",{"type":149,"attrs":461,"content":462},{"level":179},[463],{"text":464,"type":39},"Business continuity",{"type":35,"content":466},[467],{"text":468,"type":39},"How will your processes and systems continue to operate on a day-to-day basis during the transition from paper to digital? Will you have an official cutoff point for the transition?",{"type":35,"content":470},[471,475],{"text":472,"type":39,"marks":473},"Which of your processes will you begin with?",[474],{"type":88},{"text":476,"type":39}," Will you start with the most recent year and work backwards? Who will be responsible for the ultimate success of the dematerialisation process?",{"type":35,"content":478},[479],{"text":480,"type":39},"You need to have answers to these questions before you start.",{"type":149,"attrs":482,"content":483},{"level":179},[484],{"text":485,"type":39},"Staff training requirements",{"type":35,"content":487},[488,490,496],{"text":489,"type":39},"Any dematerialisation process is only as successful as the staff members driving it. As a first step, you should consider comprehensive training for your staff in the creation and management of digital files. Consider using an ",{"text":491,"type":39,"marks":492},"online course platform",[493],{"type":95,"attrs":494},{"href":495,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://360learning.com/",{"text":497,"type":39}," standardise the initial training and training materials to measure progress.",{"type":35,"content":499},[500],{"text":501,"type":39},"Beyond that, they might need more specific training in particular areas, such as digital signature authorisation.",{"type":149,"attrs":503,"content":504},{"level":179},[505],{"text":506,"type":39},"Software needs",{"type":35,"content":508},[509,511,517],{"text":510,"type":39},"First up, you’re going to need a decent ",{"text":512,"type":39,"marks":513},"digital document management solution",[514],{"type":95,"attrs":515},{"href":516,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://www.capterra.com/document-management-software/",{"text":518,"type":39},". That’s a given.",{"type":35,"content":520},[521],{"text":522,"type":39},"But your software needs probably won’t end there: to get the greatest benefit out of dematerialisation, consider the range of software out there to help you switch to digital.",{"type":35,"content":524},[525],{"text":526,"type":39,"marks":527},"Accounting software",[528],{"type":88},{"type":35,"content":530},[531,533,539],{"text":532,"type":39},"Good ",{"text":534,"type":39,"marks":535},"accounting software",[536],{"type":95,"attrs":537},{"href":538,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://www.spendesk.com/blog/accounting-automation-software/",{"text":540,"type":39}," can save you a monumental amount of paper filing. This includes invoice management, accounts receivable, and general bookkeeping.",{"type":35,"content":542},[543,549,551,557],{"text":544,"type":39,"marks":545},"Xero",[546],{"type":95,"attrs":547},{"href":548,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://www.xero.com/",{"text":550,"type":39}," and ",{"text":552,"type":39,"marks":553},"QuickBooks",[554],{"type":95,"attrs":555},{"href":556,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://quickbooks.intuit.com/",{"text":558,"type":39}," are excellent places to start, but we've got a list of accounting tools recommended by finance teams if you need more suggestions.",{"type":35,"content":560},[561],{"text":562,"type":39,"marks":563},"HR software",[564],{"type":88},{"type":35,"content":566},[567,569,575,577,583,585,598],{"text":568,"type":39},"HR processes like onboarding and training are notoriously paper-heavy. Getting setup with software like ",{"text":570,"type":39,"marks":571},"Gusto",[572],{"type":95,"attrs":573},{"href":574,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://gusto.com/",{"text":576,"type":39}," or ",{"text":578,"type":39,"marks":579},"Bamboo HR",[580],{"type":95,"attrs":581},{"href":582,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://www.bamboohr.com/",{"text":584,"type":39}," can help you slim down your filing and speed up your processes. Here are ",{"text":586,"type":39,"marks":587},"more HRIS tools",[588],{"type":95,"attrs":589},{"href":590,"uuid":591,"anchor":42,"target":122,"linktype":592,"story":593},"/blog/hris-software","b4dde369-3421-4e49-8f18-2c7aa32e32aa","story",{"name":594,"id":595,"uuid":591,"slug":596,"url":597,"full_slug":597,"_stopResolving":57},"11 top HRIS software and tools",432815255,"hris-software","blog/hris-software",{"text":599,"type":39}," to get you started on your search.",{"type":35,"content":601},[602],{"text":603,"type":39,"marks":604},"Online collaboration",[605],{"type":88},{"type":35,"content":607},[608,610,616,617,623],{"text":609,"type":39},"Why not start the switch to digital right at the source? Giving your team the option collaborate online with tools like ",{"text":611,"type":39,"marks":612},"Slite",[613],{"type":95,"attrs":614},{"href":615,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://slite.com/",{"text":576,"type":39},{"text":618,"type":39,"marks":619},"Google Drive",[620],{"type":95,"attrs":621},{"href":622,"uuid":42,"anchor":42,"target":42,"linktype":98},"https://www.google.com/drive/",{"text":624,"type":39}," will prevent you from ever having paper documents to file in the first place. ",{"type":35,"content":626},[627,629,635,637,649],{"text":628,"type":39},"More of a ",{"text":630,"type":39,"marks":631},"Notion",[632],{"type":95,"attrs":633},{"href":634,"uuid":42,"anchor":42,"target":122,"linktype":98},"https://www.notion.so/help/guides/what-is-notion",{"text":636,"type":39}," fan? So are we. Did you know you can ",{"text":638,"type":39,"marks":639},"build a budget in Notion",[640],{"type":95,"attrs":641},{"href":642,"uuid":643,"anchor":42,"target":122,"linktype":592,"story":644},"/blog/notion-finance-templates","890275c7-03fc-4a0d-b95d-48b52fc48909",{"name":645,"id":646,"uuid":643,"slug":647,"url":648,"full_slug":648,"_stopResolving":57},"9 ready-to-use Notion finance templates",213425183,"notion-finance-templates","blog/notion-finance-templates",{"text":650,"type":39},"? 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Subscribe to our newsletter to stay informed.",[2424,2425],"08873884-f99d-46d2-9481-0563134fdd37","2ef12409-8f14-46b2-a8d0-0175290269ec",[2427],{"cta":2428,"_uid":2429,"items":2430,"heading":2555,"reverse":27,"component":873,"sectionSettings":2576},[],"1320905c-cdee-41a4-bbec-6d93ca2e4e3f",[2431,2498],{"_uid":2432,"title":2433,"component":821,"description":2434},"dfc0accd-ab64-464a-8597-b76754748f04","What is spend management?",{"type":32,"content":2435},[2436,2440],{"type":35,"content":2437},[2438],{"text":2439,"type":39},"Business spending includes different types of spend:",{"type":257,"attrs":2441,"content":2443},{"order":2442},{"order":259},[2444,2455,2466],{"type":263,"content":2445},[2446],{"type":35,"content":2447},[2448,2452,2454],{"text":2449,"type":39,"marks":2450},"Strategic",[2451],{"type":88},{"text":2453,"type":39}," spend is usually centralized and managed by C-level executives with dedicated spenders. 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