Vertice Launches AI Procure-to-Pay Platform to Eliminate 10% Contract Value Leakage

Vertice has expanded its AI-driven procurement platform with a new Procure-to-Pay (P2P) capability, designed to unify the entire spend lifecycle from initial request to final payment. For fintech professionals, this integration addresses the persistent friction between procurement and finance departments by establishing a single, automated record of truth for enterprise spending.

What was announced

Vertice’s new P2P module, launched on October 21st, 2026, marks a significant expansion beyond its existing Intake-to-Procure (I2P) services. The platform now facilitates the end-to-end process including invoice capture, processing, purchase order (PO) matching, spend controls, and payments. By housing POs, invoices, and payment data on the same record as the original request and negotiation history, the system aims to reduce the time finance and accounts payable teams spend on manual reconciliation.

A core differentiator for the platform is the use of a proprietary procurement intelligence dataset, which tracks $75 billion of spend across 32,000 vendors. This data allows finance teams to benchmark deals against current market context, optimize working capital through improved payment terms, and identify specific opportunities for early payment discounts. Early adopters have reported faster payment cycles and improved cost forecasts for over 80% of suppliers managed through the system.

The platform also utilizes AI-powered invoice intelligence agents to classify documents, extract critical data, and reconcile invoices against contract terms and budgets. These agents automatically enrich records with GL codes and audit trails, helping teams resolve complex discrepancies and adjust budgets dynamically as vendor pricing shifts. The P2P functionality is available immediately as part of the broader Vertice platform.

"More than 10% of contract value leaks away after signature through missed early payment discounts and suboptimal payment terms. Finance teams can’t protect value if all they can see is a PO and an invoice. We are giving Finance the visibility, context and automation they need to easily plug these leaks. They can generate real strategic value for their businesses by accelerating innovation, removing discrepancies, optimizing spend and budgeting much more accurately."

Eldar Tuvey, CEO and Founder of Vertice

The companies involved

Vertice is an AI procurement platform designed for the modern enterprise, maintaining a dual presence in London and New York. The company has positioned itself as a specialist in managing the complexities of enterprise spend, recently being named a Leader in the 2026 IDC MarketScape for procurement applications. This recognition was based largely on the company's ability to deliver market context through its proprietary intelligence dataset.

Led by CEO and Founder Eldar Tuvey, the firm competes in an increasingly crowded market of spend management and procurement software. By integrating P2P capabilities, Vertice is moving toward a more comprehensive financial operations suite, aiming to provide the visibility that traditional enterprise resource planning (ERP) systems often lack. The company’s growth is underpinned by its ability to leverage massive datasets to provide real-time market intelligence, helping businesses negotiate better terms and manage vendor relationships more effectively. Patrick Reymann, Research Director - Procurement Applications and Agents at IDC, noted that bringing this intelligence to the P2P process is a logical and potentially differentiating step for the firm.

What FF News has reported before

FF News has followed Vertice’s growth as it seeks to disrupt the traditional procurement landscape. In early 2025, the company secured significant capital to fuel its technological development and market expansion. Specifically, we reported that Vertice Raises $50 Million Series C to Simplify Procurement, a funding round intended to help the firm streamline the often fragmented processes associated with enterprise buying. This latest product launch represents the realization of that strategy, moving the company from a specialized intake tool to a full-lifecycle financial platform capable of handling the final stages of the transaction.

What this means

The move into Procure-to-Pay places Vertice in direct competition with established ERP giants and specialized accounts payable automation providers. By bridging the gap between the "buying" and "paying" functions, the company is addressing a major pain point: the loss of strategic intent between a negotiated contract and the actual cash outflow. The industry is shifting away from simple workflow automation toward "intelligent" procurement, where data-driven insights dictate the timing and terms of payments. This announcement raises the bar for competitors who lack proprietary benchmarking data, suggesting that the future of fintech in the enterprise lies in the intersection of workflow and deep market intelligence.