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billion in 2027, marking a 25% rise compared to 2020. Satyam Computer Services , an Indian IT services company, faced a major financial shadow spend scandal in 2009. Payment fraud has tripled from $9.84 billion in 2011 to $32.39 billion in 2020 globally. It is projected to continue increasing, reaching an estimated cost of $40.62
It includes requisitioning, purchasing, receiving, paying, and accounting for goods and services. from 2020 to 2027, reaching USD 3.97 Unlike S2P, it does not include the function of sourcing vendors. According to Verified Marketing Research, the Total Spend Management Software Market reached USD 1.08
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