Datarails, an AI-native financial operating system for the office of the CFO, has launched Datarails Spend, a new offering that ties every dollar a company spends back to its financial plan.
From an employee’s first purchase request to the final invoice, accounting and finance teams can now track and control spend in the same place they plan it.
“Unlike legacy spend tools, Datarails Spend starts with the plan, not the purchase,” the New York City-based company said in a media release on Oct. 15.
Datarails Spend connects all key stages of the spend lifecycle, including:
- Requests and purchase orders: Employees raise requests against the live budget, so budget owners see the financial impact before anything is approved, committed, or invoiced.
- Contracts and invoices: Contracts, subscriptions, and agreements live in one place. Invoices are captured, coded, and matched to purchase orders and contracts automatically, and any discrepancies or unexpected charges are flagged for review.
- Cards and payments: Finance can now issue Datarails physical and virtual corporate cards with configurable controls and auto-coded transactions. Approved bills are scheduled for payment before any money goes out.
- Reconciliation and AI: Spend records reconcile against the ERP. AI handles invoice extraction, coding, transaction classification, matching, and discrepancy detection.
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“Most spend platforms kick in when an employee wants to buy something,” Didi Gurfinkel, co-founder and CEO of Datarails, said in a statement. “Datarails Spend starts earlier, with the plan. Before a request is approved, finance can check it against live budgets and see what’s left to spend. Once approved, the commitment stays tied to the budget through every step: purchase orders, contracts, invoices, payments, and reconciliation. Actual spend flows back to the line it was approved against, so finance always knows what’s been spent, what’s committed, and what’s still available.”
Built on FinanceOS—Datarails’ governed financial data foundation for planning, budgeting, forecasting, reporting, cash management, and close—Datarails Spend brings spend activity into the same system used across finance. This enables teams to understand spending decisions without piecing together data from disconnected systems, the company says.
“The goal is not to automate decisions about where a company’s money goes, but to eliminate the manual work around those decisions. That is where AI can make a real difference in the spend process,” Gurfinkel said. “The result is a shift from reactive spend management to proactive financial control for all companies.”
Datarails Spend is available now. More information can be found here.
Photo credit: Datarails/LinkedIn
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