Spend analytics is the process of collecting, cleansing, classifying, and analyzing expenditure data within an organization to gain insights into spending patterns. In cybersecurity, spend analytics helps organizations understand and optimize their investment in security tools, services, and resources. By leveraging spend analytics, companies can identify cost-saving opportunities, eliminate redundant or unnecessary expenses, and ensure that their cybersecurity budget aligns with business objectives. This process also supports risk management by highlighting areas where underinvestment could expose the organization to threats, ultimately enabling more informed and strategic decisions regarding cybersecurity expenditures.