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.
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01
Extraction
Pulls from each contract, order or purchase order the items with their unit, their price and the terms that come with them.
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02
Normalisation
Unifies the different descriptions of the same item, which is what stops you comparing prices across documents and across suppliers.
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03
Reconciliation
Cross-checks contract, order and previous orders, and points out every place where they stop matching, with the amount of the difference.
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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.