Freehand provides an AI‑driven platform that automates the end‑to‑end audit of invoices, contracts, purchase orders, and shipment data across the supply chain.
Funding
Funding not disclosed
Founders
Product
Problem
Enterprises often experience a gap between recorded spend in ERP systems and the actual financial claims submitted by vendors, leading to overpayments, duplicate billing, and unearned charges that erode margins.
Solution
Freehand offers an AI-driven platform that automates the end‑to‑end audit of invoices, contracts, purchase orders, and shipment data across the supply chain. The system ingests vendor communications and financial documents, interprets their content, and consolidates fragmented inputs for processing. AI agents match each line item to the relevant contract terms and operational milestones, dynamically adjusting costs based on historical decisions and real‑world execution variables. Discrepancies such as duplicate billing, unearned accessorials, and pattern‑based anomalies are identified and resolved, with outcomes posted back to the enterprise ERP for full traceability and auditability. By closing these exceptions within configurable rules, the platform helps organizations recover 5‑10% of spend while maintaining compliance.
Target Audience
Primary customers are large logistics, manufacturing, and retail enterprises that manage high‑volume supplier spend and require automated invoice compliance and cost recovery.
Features
- Omnichannel integration that captures financial documents from vendor communications and data feeds
- AI agents that interpret and standardize incoming data for automated processing
- Contract, rate‑card, and purchase‑order matching to link every invoice line item to source agreements
- Operational reconciliation that maps invoices to shipment milestones and delivery logs
- Variable adjustment engine that applies historical decisions and execution variables to cost calculations
- Autonomous discrepancy detection for duplicate billing, unearned charges, and other errors
- Pattern‑recognition alerts that flag recurring vendor overcharges and billing inconsistencies
- Seamless posting of audit results and adjustments back to the enterprise ERP for full auditability