Spend Management innovations offered by software vendors offer more and more integration, visibility and control over purchasing processes. Enabling companies with these tools to achieve unprecedented performance gains. Continuous innovation is one of the main drivers of this particularly dynamic market and is involved every day in the transformation of the Purchasing function. Spend Management technology innovation is a non-linear process that takes place from the birth of an idea to its materialization through market research, prototype development and marketing. Spend Management innovations are the result of several influences: IT mega-trends, software vendors R&D, requests from Purchasing departments and the reflection of industry experts & analysts.