You probably might be having a fair idea of where your money is going and how much you are currently spending on rent, utilities and salaries. But to actually know how much your business spends and to cut back on cost you would need a spend analysis report.
What am I spending money on? Who am I spending the money with? Where is my money going? How do I better optimize my baseline? Are you asking yourself these questions? You may know how much your business spends on software, rent, utilities, salaries and coffee too. But all of this is only a part of the big picture. To know how much your business actually spends and to cut down on specific costs, you would need a spend analysis report.