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Procurify’s spend management platform extends use of AI across the entire spend lifecycle — from extracting data from receipts, contracts, and invoices, to surfacing up-to-date insights

May 16, 2025 //  by Finnovate

Procurify, the AI-powered spend management platform for the mid-market, announced Spend Insights, a new analytics feature that empowers finance and procurement teams to make faster, smarter decisions by turning spend data into actionable intelligence. By centralizing company-wide spend data and layering in AI-powered analysis, Spend Insights delivers up-to-date visibility into purchasing, expenses, and accounts payable — helping leaders uncover trends, flag anomalies, and control spend with confidence. Spend Insights combines interactive dashboards with a conversational AI assistant, Spend Analyst, allowing users to query and understand their data using natural language prompts. With instant access to spend data across purchasing, expenses, and AP, teams can quickly surface trends, catch anomalies early, and act with greater speed and confidence, without waiting on reports or juggling disconnected tools. “Spend Insights shows what’s possible when you bring AI and analytics together,” said Chad Gaydos, CEO of Procurify. “It extends our use of AI across the entire spend lifecycle — from extracting data from receipts, contracts, and invoices, to surfacing up-to-date insights that drive smarter, faster decisions. This is the future of agile finance — and we’re building it today.”

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Category: Mobile & Social Commerce, Innovation Topics

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