Introducing Spend Insights: AI Tools for Smarter Spend Decisions

A new addition to the Procurify platform, Spend Insights brings AI-powered analysis directly into your purchasing, AP, and expense workflows—so you can make better decisions, faster.

How much did your company spend last quarter, and are you confident you know where it all went?

For many finance, procurement, and operations teams, answering that question can take hours. You have to pull invoice data from your AP system, compare it with purchasing activity, chase down spreadsheets from department leads, and double-check against the budget. Even then, you’re left wondering if something was missed.

The problem isn’t that the data doesn’t exist; it’s that it’s spread across systems that don’t talk to each other. Procurement activity, AP workflows, and expense records all live in disconnected tools. There’s no single source of truth to see what’s been spent, what’s committed, and what’s coming next.

Today, we’re introducing Spend Insights—a built-in analysis layer that brings intelligence and context to every stage of the spend process.

Rather than exporting data or jumping between systems, teams can now explore trends and understand spend patterns as they emerge, right inside Procurify. Whether it’s tracking cost spikes by vendor, spotting anomalies in approval cycles, or comparing department-level spend, the insights are immediate and actionable.

Spend Insights allows finance and procurement teams to stay ahead of their spend, not just understand it after the fact. It’s about more than just data; it’s about catching trends and anomalies as they emerge, spotting risks before they escalate, and making confident, informed decisions at every stage of the spend process.

Consider a typical month-end close. In many organizations, by the time finance identifies that a department or vendor has overspent, the spend has already been approved, processed, and paid. Leaders are left explaining costs they didn’t anticipate and can’t easily trace back to their source. Operational teams scramble to understand what remains available for upcoming needs. And by the time everything is reconciled, the opportunity to adjust course has passed.

These issues go beyond reporting delays—they create hesitation. When the data doesn’t feel reliable, procurement may hold off on purchases. Finance pauses approvals. Teams delay decisions, not because they want to, but because they can’t trust the numbers in front of them.

Spend Insights shifts procurement analytics from something retrospective to something actionable.

Instead of reviewing what happened after the fact, teams can catch anomalies and patterns as they unfold—whether it’s a sudden spike in vendor costs, a slowdown in approval-to-PO cycle time delaying order fulfillment or spend starting to drift off course. Insights appear directly in the flow of work, helping teams make timely, informed decisions without waiting for end-of-month reports.

Spend Insights isn’t just about faster access to data—it’s about raising the standard for how teams engage with spend. Instead of relying on static reports or one-off exports, finance and procurement teams can explore data together, uncover patterns, and build shared understanding in real time.

Whether it’s preparing for a quarterly review, supporting a vendor negotiation, or modeling the impact of a policy change, Spend Insights turns procurement analytics into a daily habit, not a reporting chore.

Teams can:

This is all part of Procurify’s proactive approach to spend management—no integrations or extra tools required. Data is refreshed twice daily, so teams always have a current view of their purchasing, expenses, and AP activity.

Spend Insights supports the teams that live closest to spend—those making, managing, and measuring financial decisions every day.

Finance leaders

Track spend trends as they emerge, not after they hit the general ledger. Spot risks early, identify slowdowns in approval or billing cycles, and streamline reviews with a clearer view of where money is flowing and why.

Procurement teams

Monitor vendor activity in real time. Surface cost spikes, shifting usage patterns, and slowdowns in request-to-PO cycle time before they disrupt fulfillment or budget planning.

Accounts payable

Stay ahead of invoice volume and timing issues. Catch anomalies in receive-to-bill cycle time, reduce coding errors, and avoid duplicated effort by working from one centralized view of AP workflows.

FP&A teams

Use Spend Insights as a live spend analysis tool. Monitor how delays in approvals or payments impact forecasts, and shift from after-the-fact reporting to proactive spend modeling.

Operations leaders

Get real-time visibility into departmental spend velocity. Understand whether cycle time delays are holding up approvals or purchases, and adjust workflows with confidence.

No matter the role, Spend Insights helps teams stay aligned, spot issues early, and make decisions with clarity and confidence.

In today’s environment, finance and operations teams are being asked to do more with less, and do it faster, under tighter budgets and rising expectations. But without clear, connected data, even the best decisions are delayed.

Procurify’s system is designed to give growing organizations control and visibility across purchasing, accounts payable, and expenses in one place.

In a market full of point solutions that do one thing well and enterprise suites that try to do everything but are difficult to manage, Procurify offers something different. Our modular platform provides the flexibility to scale, with the simplicity teams need to move quickly and stay aligned.

Spend Insights fits naturally into that experience. It works with the data your team is already managing in Procurify, delivering timely insights without the need for a separate tool to implement or maintain.

It brings together what you already have, highlights what you need to see, and helps you take action when it matters most. Spend Insights is now rolling out to all Procurify customer accounts, starting with Superusers and expanding to more roles in the coming months. Spend Analyst is available in beta, providing superusers early access to advanced AI-driven analysis while we gather feedback and optimize the experience.

Check out the product demo below or book a demo to talk through how it could fit your team’s workflow.

As with all Procurify features, Spend Insights is SOC 2 Type 2 compliant, so your data is always secure and handled with care.