New AI-powered platform – the first with full ERP integration – includes an AI agent that reviews contract terms and conditions, benchmarks market alternatives and subsequently drafts renewal requests
Datarails – the leading AI-powered platform providing a single source of truth for the CFO’s Office across FP&A, cash management, month end close – has launched Spend Control to give finance teams complete, centralized visibility and control over all vendor contracts and subscriptions. The only solution of its kind with ERP integration, it also includes an AI agent that automatically reviews contract terms and conditions, benchmarks market alternatives and subsequently drafts optimized renewal requests.
Fresh off the company’s recent $70 million Series C round and launch of multiple new finance agents designed to put AI at the center of the CFO’s office, Spend Control also provides AI-powered insights that enable finance teams to reduce redundancies, cut costs, and enable more strategic and accurate budgeting and forecasting.
Businesses lose billions of dollars annually due to poor contract management – an average of roughly 9% of total value. This figure exceeds 15% in more complex industries according to a 2025 World Commerce & Contracting report, which also found that “on average, contract-related data is scattered across 24 different systems, making it nearly impossible to track commitments or optimize decisions on a timely basis.” As subscriptions, contracts and SaaS 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, including irrelevant subscriptions and spending that no longer matches contract terms or budget approvals.
In addition to the Spend Control agent, Datarails’ new tool addresses these issues with core features like:
- Centralized contract hub with AI-driven data extraction, DocuSign and email integration
- ERP integration and automated reconciliation of contract terms vs. actual payments
- Duplication detection across teams and subscriptions, with smart alerts for expirations and autorenewals with AI-powered renewal workflows
- Real-time dashboard and analytics, plus embedded AI-agents for proactive tips, cost-saving insights, and automated vendor communication
- Easy browsing of tools across the entire organization so that employees can see what software is being used – and request access
“Finance teams are losing millions to zombie subscriptions and duplicate tools because they lack a unified, simplified view of their vendor landscape,” said Didi Gurfinkel, Co-founder and CEO of Datarails. “As we continue transforming how finance teams approach every aspect of financial planning and analysis, we’ve launched Spend Control not just to track contracts, but much more importantly to provide the strategic insights CFOs and their teams need to turn spend management from a cost center into a competitive advantage.”
To find out more about Spend Control from Datarails, visit: https://www.datarails.com/datarails-spend-control/
Credit: Datarails
