Spend Management Will Continue to Increase Its Flexibility for Analytics

question 31

True/False

Spend management will continue to increase its flexibility for analytics and will be more easily implemented.

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Definitions:

Stored-value Money Cards

Are pre-paid payment cards where a monetary value is stored on the card itself, rather than in an external account, used for transactions.

Prepaid Money

Financial funds that are loaded onto a card or account before usage, allowing controlled spending.

Purchasing Cards

Payment cards issued by an organization to its employees to make purchases on behalf of the organization, simplifying the procurement process.

Online Payments

Electronic transactions where money is transferred via the internet as payment for goods or services purchased online.