Event details
Join our 30-minute executive insights session to see how combining spend and contract data turns procurement visibility into recovered value. We will cover:
- Where there is value leakage between contract promises and invoice charges
- Which suppliers and categories represent the greatest leakage risks
- How to go back and recover what has leaked in the past and how to prevent it going forward
Most procurement teams can now see where their money goes. Far fewer can confirm that every invoice matches the expectations originally set out in the contract that supports it. Contracts are negotiated once and executed thousands of times, and that is where 1–4% of addressable spend can leak: discounts not applied, rebates not claimed, incorrect rates assessed, and charges duplicated.
The gap is hard to close manually. Contract terms often sit in unstructured PDFs, invoice volumes can run into the hundreds of thousands, and invoices are usually checked against purchase orders rather than the contract itself. However, when teams get this right, they can protect the value you worked hard to negotiate.
We will show what becomes possible when you combine Spendscape and Contract AI. Spendscape’s analytics point to the suppliers and categories with the most value at stake. Contract AI’s agents read the contracts behind them, check each invoice line against the agreed terms, and flag exceptions for your team to validate. You will see a demo and learn how a two-week rapid diagnostic is all it takes to quantify the opportunity.
Summary
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Join Spendscape by McKinsey and Contract AI experts as they share a demo and practical insights into how leading organizations combine spend and contract data to find where value leaks, recover what they negotiated, and prevent leakage going forward.