Feature release

Unlock the Power of AI-Driven Contract Management with Flo

Published on:
September 30, 2024
Ajay Ramamoorthy
Product Marketer
Rohitth Padmanabhan
Product Designer
Unlock the Power of AI-Driven Contract Management with Flo
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Introducing SmartScan powered by Flo AI

Introducing the perfect solution to help ease SaaS Contract Management - Spendflo SmartScan. Powered by our proprietary Flo AI, Smartscan leverages the latest advancements in Artificial Intelligence - especially Gen AI to extract vital information from your SaaS contracts efficiently within seconds. It serves as your co-pilot during this process, helping you focus on driving business growth and insights rather than getting bogged down by the manual tasks of adding and extracting contract information.

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Introducing SmartScan powered by Flo

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What is a Smart Contract Management Platform?

A smart contract management platform is a tool that helps create, deploy, and manage smart contracts on blockchain networks. It simplifies complex processes with user-friendly interfaces, enabling users to build, test, track, and automate contracts securely—often without requiring deep coding skills.

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The Top 5 benefits of using  SmartScan for your contract management

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Save time and resources with AI

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At Spendflo, we understand the pain of manual contract extraction. Our engineers and data analysts spent around 100 hours every month on paperwork, draining valuable resources. That's why we introduced SmartScan– an AI-driven solution that revolutionizes contract management.With SmartScan powered by Flo AI, your team can shed the burden of time-consuming contract work. Embrace the future of contract management powered by AI and unleash your team's full potential. Say hello to more time, fewer errors, and unstoppable business growth.

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Accurate and error-free results

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SmartScan's AI capabilities not only streamline the extraction process but also enhance accuracy, giving you peace of mind when managing critical contract details.

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Uncomplicate contract management

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Say goodbye to cumbersome contract uploads. Flo's intuitive interface makes the process a breeze. Spend seconds, not hours, tackling contracts and spare yourself the headaches associated with manual handling.

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Uncover pricing details and optimize costs 

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Digging through pages of contracts for pricing information is a thing of the past. Flo extracts pricing details seamlessly, providing you with instant access to critical information for informed decision-making. Furthermore, Flo goes the extra mile by comparing your spending against industry benchmarks, helping you identify areas to optimize costs and secure the best deals.

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Unlock the full potential of your teams

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With Flo, your team can shed the burden of time-consuming contract work. Embrace the future of contract management powered by AI and unleash your team's full potential. Say hello to more time, fewer errors, and unstoppable business growth.

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SaaS contract management made easy with FLO AI

‍Why we chose to build SmartScan?

No one wakes up excited to review and approve several SaaS contracts daily. Especially in a modern, fast-growing company with over 200 SaaS tools renewed daily. Often having multiple stakeholders in the contract review process, the mere turnaround for every contract takes anywhere between a few days to a few months.

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With the power of FLO AI, contract data extraction can once again be as simple as it should be. Using SmartScan, you and your teams can: 

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  • Seamlessly extract data from contracts in different formats.
  • Turn around contracts in a matter of minutes.
  • Leverage advanced ML engines for improved accuracy and efficiency over time. 
  • Streamline the onboarding process with a simplified extraction of benchmark pricing data.
  • Effortlessly add contract details without manual data collection or CSV uploads.

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Spendflo SmartScan - SaaS contract management made easy

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Use SmartScan and bid farewell to cumbersome contract evaluation. Embrace the efficiency and accuracy of Flo's AI-driven capabilities to supercharge your contract management process. Cut down up to 150 hours every month spent on managing SaaS contracts and improve procurement times by 2X with SmartScan powered by Flo today.

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Need a rough estimate before you go further?

Here's what the average Spendflo user saves annually:
$2 Million
Your potential savings
$600,000
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Talk to one of our expert buyers

Find out why dozens of Finance and procurement leaders use Spendflo to optimize their SaaS spend.

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In your demo with one of our expert buyers:
Renewals done for you
No more requests stuck in approval queues
No more contracts signed without a risk check
No more invoices paid without a PO match
4.6/5 on G2
With Spendflo, we finally have unified visibility. We can look in one portal and see all our spend, upcoming renewals, and how we’re actually using the licenses we’re paying for.
Josh Rappoport
VP Finance, Acumatica
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In your demo with one of our expert buyers:

To date, with Spendflo:

$3.7B
software spend processed
30%
average savings
300+
procurement and finance teams