Powered by AI, Spend Insights gives finance leaders up-to-date visibility into purchasing, expenses, and accounts payable to drive faster, smarter decisions.
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.
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This launch builds on Procurify’s momentum following the release of its standalone Expense and Card module. Together, these innovations form a flexible, modular platform that adapts to growing organizations without sacrificing control, ease of use, or speed of implementation.
“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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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.
“This launch is another step forward in putting customer needs at the center of everything we do,” said Gaydos. “We’re delivering an AI-powered platform that’s easy to adopt, built to scale, and designed for the needs of every growing organization — giving finance teams the clarity to make strategic savings, cut unnecessary spend, and turn their spend into a strength.”
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To help organizations get even more value from Spend Insights, Procurify released the 2025 Procurement Benchmark Report: a first-of-its-kind analysis built from over $20B in proprietary customer spend data. The report provides finance and operations leaders with benchmarking across 11 key procurement KPIs, helping them identify and prioritize opportunities for improvement.
Spend Insights is now rolling out to all Procurify customer accounts, with Spend Analyst in beta.
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Source: businesswire
