Kompare IQ
Kompare IQ™ is an AI-based solution built to automate your invoice audits by directly comparing your contracts (such as service-level agreements) and pre-established pricing terms against each invoice received from your suppliers. It flags discrepancies, billing errors, and compliance issues—so you catch costly mistakes before they impact your bottom line. Kompare IQ™ uses advanced natural language processing to interpret contract terms and AI to compare them against incoming invoices. This AI solution has multiple applications across various industries.
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Key Features
Automatically ingests and interprets pricing clauses from any PDF or Word contract.
Compares line-item details, unit rates, discounts, and surcharges.
Define tolerance levels, exception categories, and approval workflows.
Visualize anomalies, drill into details, and export reports in one click.
Full history of reviews, user actions, and change logs for regulatory requirements.
Benefits
Onboard within days and see cost savings immediately.
Up to 90% of manual review time.
2–8% of annual spend in hidden overcharges.
Continuous model training to adapt to your contracts.
Granular exception dashboards.
Audit trails for compliance and reporting.
Free Proof-of Concept
Experience Kompare IQ risk-free. Provide a sample contract and invoice set, and we’ll demonstrate live savings and time savings—on us.
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