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Purchasing and procurement · Any sector In development

Reconciliation of contracts, orders and purchase orders

It cross-checks the contract against the order and against your earlier purchases, and points out where they stop matching and whether what you are offered today is expensive.

The problem

  • The agreed prices live inside contracts, orders and annexes in PDFs that almost nobody opens again.
  • The contract says one thing, the order another and the previous order something different: reconciling them by hand stops being viable as soon as the volume grows.
  • When a new quote comes in there is nothing to compare it against, beyond the memory of whoever has been in the company longest.
  • The same item is contracted at different prices at different times, and nobody ever notices.
  • The history exists, but it is scattered: you cannot consult it, let alone sit down to negotiate with it in front of you.

The solution

  • It reads contracts, orders and previous purchase orders, and extracts items, units, prices and terms.
  • It reconciles the three sources and points out where they stop matching: price, quantity, deadline or condition.
  • It normalises different descriptions of the same item so that two prices are genuinely comparable.
  • It builds everything into a searchable price base, with the supplier, the date and the source document for each one.
  • It generates comparisons between suppliers and against your own history, and highlights whatever falls out of range.
  • It flags the sensitive clauses (price reviews, deadlines, penalties) for you to read yourself.

How it works

From any document to data ready to use.

  1. 01

    Extraction

    Pulls from each contract, order or purchase order the items with their unit, their price and the terms that come with them.

  2. 02

    Normalisation

    Unifies the different descriptions of the same item, which is what stops you comparing prices across documents and across suppliers.

  3. 03

    Reconciliation

    Cross-checks contract, order and previous orders, and points out every place where they stop matching, with the amount of the difference.

  4. 04

    Comparison

    Consolidates the history into a searchable base and checks each new quote against it and against the rest of your suppliers.

Who it is for

  • Companies that buy regularly from the same suppliers.
  • Purchasing teams that negotiate without a price history at hand.
  • Anyone who has already built up years of signed contracts and orders and cannot consult them today.

When it is not the best fit

  • Low or very irregular purchase volumes, where no useful history builds up.
  • Legal review of contracts: we flag clauses, we do not give legal advice.

Result

The value appears as the base builds up history: from there each quote is compared against what you have actually paid, not against a generic market price. It is in development; we define the scope with you on your own documents.