Watchdog is an AI‑driven platform that continuously scans incoming invoices against uploaded contracts and historical pricing to spot overcharges, missing discounts, duplicate charges, and pricing violations. It alerts finance teams, presents the contract clause and impact side‑by‑side, and automates supplier dispute communication, enabling businesses to reclaim erroneous payments. The service currently monitors over 5 billion NOK in annual spend and has uncovered errors worth millions for its customers.
Funding
Funding not disclosed
Founders
Product
Problem
Companies often pay invoices manually or with limited automation, leading to missed contract terms, pricing errors, duplicate charges, and potential fraud. These discrepancies can go unnoticed for months, resulting in overpayments and costly recovery efforts.
Solution
Watchdog is a SaaS platform that continuously monitors incoming invoices by comparing them against stored contracts and historical pricing data. Using advanced AI, it automatically detects missing discounts, price deviations, duplicate or fraudulent invoices, and other contract breaches. When an issue is found, the system presents the invoice, the relevant contract clause, and the financial impact side‑by‑side, allowing finance teams to approve or reject the alert. Approved findings are grouped into a single case, and Watchdog generates supplier correspondence and supporting documentation to facilitate refunds. The solution integrates with common accounting systems via API keys or manual uploads, requiring no custom development.
Target Audience
Watchdog targets finance and procurement departments in mid‑size to large enterprises that process high volumes of supplier invoices and maintain contractual pricing agreements.
Features
- AI‑driven invoice analysis that cross‑checks each line item against active contracts and pricing history
- Real‑time alerts with side‑by‑side view of invoice, contract clause, and calculated impact
- Automated case creation that consolidates multiple errors and drafts supplier dispute letters
- Easy integration with major ERP/accounting platforms (e.g., Tripletex, Visma Net, MS Dynamics 365) via API or manual upload
- Central repository for all supplier agreements with automatic extraction of key terms
- Dashboard for finance teams to review, approve, or reject alerts and track recovered amounts