TCO Calculator
for Spend Analytics

Enterprises often lack full visibility into their procurement and payment cycles, resulting in missed cost savings, inefficient supplier negotiations, and compliance risks. Legacy OCR-based systems can extract data from invoices, POs, and contracts but cannot analyze spending patterns or provide actionable insights. This leaves finance and procurement teams reliant on manual reporting, which is time-consuming and error-prone.

AI-powered spend analytics enables organizations to analyze invoices, purchase orders, and contracts holistically. By uncovering cost trends, tracking supplier performance, and automating payment scheduling, enterprises can reduce financial leakage, improve negotiation outcomes, and strengthen supplier relationships.

This total cost of ownership calculator helps you evaluate the true ROI of the category using modern AI powered alternatives over traditional OCR based solutions.

TCO with Existing Solution

Legacy OCR solutions achieve 80% accuracy and cannot generate reliable insights from spending data. Finance teams must manually consolidate reports across multiple systems, increasing costs, delaying decision-making, and reducing negotiation leverage with suppliers.

TCO with AI-based Solution

Modern AI combining OCR, NLP, and analytics achieves 92% accuracy ±2%, enabling proactive spend visibility and automated financial workflows. While this reduces manual reporting substantially, AI cannot fully account for business-specific negotiation strategies, requiring human oversight for final decisions.