As the need for AI-driven solutions rises, our valued customers often ask how to optimise ROI using AI technologies.

That’s why we developed Document Analyser — a new module with Generative AI at its core.

This powerful tool seamlessly extracts key terms from any document format, including contracts. It compares and analyses data, offering insights for improved compliance, risk reduction, and strategic planning. This ensures a thorough contract review, capturing all vital details and pinpointing potential risks.

Some use cases include:

  • Compliance with Modern Slavery. Audit, map, and achieve peace of mind: Audit your supplier contractors' pay slips and map them against relevant regulations. Stay compliant, responsible, and ahead of the curve.​
  • Contractual Risk Review: Uncover hidden costs in hours​: Grasp the financial implications of inaction by identifying any Retail Price Indexation clauses in your contracts and modeling their impact upon renewal.​
  • Contract vs. Invoice Review and Variance Analysis: Compare and contrast extracted metadata from invoices against contracts and easily flag discrepancies. Identify variances from contracts and take action for fee recovery.

Related Release Notes

August 2023
8 min read

Spendkey adds AI-powered Document Analyser module

As the need for AI-driven solutions rises, our valued customers often ask how to optimise ROI using AI technologies.

September 2023
8 min read

Spendkey adds Market Intelligence feature

Spendkey has taken a significant step forward in its evolution as a spend strategy solution.

September 2023
8 min read

Spendkey introduces Cassian AI module

Spendkey is at the forefront of revolutionising the procurement landscape through cutting-edge AI-based solutions.

Spendkey Wins the Start-Up Award at Global Procurement & Supply Chain Awards 2024  

Read more