The new system extends Vertice’s existing Intake-to-Procure platform, connecting the financial tail end of a transaction to the original request and contract history. By anchoring invoices and payments to the same dataset as the negotiation history, the platform aims to reduce the time finance teams spend on manual reconciliation. The tool leverages a proprietary intelligence database derived from $75 billion in spend across 32,000 vendors, providing users with live market context to benchmark pricing and optimize working capital.
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Vertice Launches Procure-to-Pay to Close Post-Signature Value Leaks
More than 10% of contract value typically vanishes after a signature, lost to missed discounts and suboptimal terms. To address this, London-based AI procurement platform Vertice has expanded its software suite, launching a new Procure-to-Pay capability designed to unify invoicing, PO matching, and payment processing within a single record.
Eldar Tuvey, CEO and founder of Vertice, argues that finance departments remain handicapped when they only have visibility into individual purchase orders and invoices. By automating the extraction of data and reconciling documents against contract terms, the platform seeks to plug value leaks that traditional procurement tools often miss. Early adopters report faster payment cycles and improved cost forecasting for over 80% of their suppliers processed through the system. Patrick Reymann, research director at IDC, notes that applying this level of procurement intelligence to the payment process is a logical step for a company recently named a leader in AI-enabled spend orchestration.
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