Cloud Spend Management is the strategic process of overseeing and controlling the financial aspects associated with cloud computing resources. This involves monitoring cloud service usage, analyzing expenditure patterns, and implementing cost-optimization strategies to ensure that cloud investments align with business goals. Effective cloud spend management allows organizations to avoid overspending, maximize the return on investment, and maintain financial predictability. It includes practices such as rightsizing resources, leveraging cost-effective pricing models, utilizing automation for resource allocation, and employing tools for real-time cost tracking and reporting. As businesses increasingly migrate to cloud environments, robust cloud spend management becomes crucial for maintaining budgetary control and driving operational efficiency.