New AI-powered tool gives finance teams better visibility into vendor contracts

Only 5.5 percent of companies say they have ‘complete visibility’ on the total number of software licenses being used by their employees, according to a recent NextThink-Gartner Peer Insights study. As subscriptions and vendor tools spread across departments, many finance teams rely on spreadsheets, inbox searches, and calendar reminders to manage renewals and payments. This often results in duplicate tools, missed renewals, and wasted resources. This is why Datarails is launching Spend Control, to give finance teams complete, centralized visibility and control over all vendor contracts and subscriptions. It includes an AI agent that automatically reviews contract terms and conditions,… [Continue Reading]