AI procurement manager
Your company is probably overpaying its vendors.
AI reviews your vendors, contracts and renewals to find savings before the money leaves the business. You approve every important decision.
- AWS: NotedPotential saving $31,400/year
- Salesforce: Needs reviewRenewal in 21 days
- Datadog: NotedAlternative identified
- Telecom contract: Needs reviewPricing 18% above benchmark
Potential savings identified$87,450/year
Procurement is a pile of spreadsheets, PDFs and renewal dates.
Companies do not overspend because their teams are bad at procurement. They overspend because nobody can continuously evaluate every vendor, contract and renewal.
- Vendor spreadsheets
- PDF proposals
- Email negotiations
- Contracts
- Renewal dates
- SaaS subscriptions
- Manual comparison
So renewals auto-renew, vendors multiply and prices drift, and the cost only shows up after the money is gone.
AI proposes. Humans approve.
Renewlark is designed to start from the spend and contracts you already have, and to keep you in charge of every decision that matters.
PeopleYour team approves the decisions that move money. Nothing is purchased without authorization.
- Spend data
- Contracts
- Invoices
- Renewal dates
- Savings opportunities
- Quotes to compare
- Renewal alerts
- Savings tracking
- Share spending or upload contracts
- AI analyzes your vendors
- Savings opportunities are found
- AI recommends actions
- A person approves the important ones
- Savings are tracked
Example opportunities
Illustrations of the kinds of findings we are building toward. The figures are examples, not results.
Overspend
Potential saving: $24,800/year
A vendor charging more than comparable alternatives.
Before and after
From a scramble before each renewal to continuous review.
Before
- Spreadsheets
- Emails
- Missed renewals
- Manual RFQs
- Unknown benchmarks
- Vendor sprawl
After
- Continuous spend review
- Automatic comparison
- Renewal monitoring
- Negotiation assistance
- Clear approvals
- A savings dashboard
AI proposes. Humans approve.
An AI that touches vendor spend has to earn trust. These controls are part of the design from day one.
- Approval thresholdsSet the amounts above which a person must approve.
- Role-based permissionsControl who can see spend, contracts and actions.
- Complete audit historySee what was recommended, who approved it and when.
- No purchases without authorizationIt proposes. It does not buy on its own.
- Configurable policiesYour rules for vendors, approvals and negotiation, written down once.
Get on the list for Renewlark.
Join the waitlist and we will tell you when it opens. Then you can choose to help shape the first release.