Terzo is an AI-powered Contract and Spend Intelligence platform that aggregates financial data from contracts and invoices to identify duplicate supplier expenses and operational blind spots. By automating data extraction and analysis, Terzo enables finance and procurement teams to achieve over 10% cost savings and reduce contract review cycle times by 70%.
Funding
$19.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many enterprises struggle with fragmented financial data spread across contracts and invoices, leading to duplicate spending, operational blind spots, and missed budget forecasts. Manual contract review and analysis are time-consuming and prone to errors, hindering effective cost management and supplier negotiations.
Solution
Terzo offers an AI-powered Contract and Spend Intelligence platform that centralizes financial data from contracts and invoices to provide actionable insights. The platform automates data extraction and analysis, enabling finance and procurement teams to identify duplicate supplier expenses, optimize contract terms, and gain visibility into spending patterns. By linking contracts and invoices, Terzo facilitates comprehensive spend analysis, allowing businesses to understand where every dollar is spent, down to the product SKU level. The AI-as-a-Service model combines AI with human-in-the-loop quality assurance to ensure high data accuracy and reduce the operational burden of manual review.
Target Audience
Terzo primarily serves finance, procurement, supply chain, IT, and legal teams within enterprise organizations seeking to improve financial performance through better contract and spend management.
Features
- AI-powered data extraction from contracts and invoices with 99%+ accuracy
- Automated identification of duplicate and redundant supplier spend
- Dynamic analytics dashboards for real-time visibility into financial data
- Contract lifecycle management features to maximize value on every negotiation
- Spend categorization and analysis down to the product SKU level
- Integration with existing financial systems for seamless data flow
- AI-as-a-Service model with human-in-the-loop quality assurance
- 70% cycle time reduction in contract review and analysis