In an era where AI is often associated with futuristic visions and abstract concepts, Terzo AI is tackling a pressing real-world issue: the trillions of dollars lost annually due to contract leakage and lack of visibility. Trillions of dollars are being wasted because teams do not have the right data to make decisions and because Legal teams are owning contract data instead of the CFO. CFO’s should own contract systems like they own the ERP.
Contract Leakage: Crushing Profits
Businesses struggle with the complexity of managing thousands of contracts. Missed renewals, unfavorable clauses and untapped opportunities are hidden in these PDF documents, leading to significant losses. Terzo was built to solve this problem, using AI to extract metadata, identifying risks and obligations while uncovering potential savings.
Real-Time Impact, Measurable Results
By extracting critical data and creating actionable insights, Terzo empowers organizations to improve financial performance. Fortune 500 organizations have billions of dollars of contract commitments across their suppliers alone. Terzo customers are realizing significant savings, reducing annual supplier spend of 10% or more. Terzo also replaces costly consultants who perform this work manually and deliver results in outdated spreadsheets.
From optimizing supplier spend to maximizing revenue, Terzo is the Enterprise AI platform for businesses to track critical financial data. We started in 2020 with a focus on Finance and Procurement teams and now we're extending our reach to the other side of the house, sales and revenue. CFOs desperately need access to contract data for their suppliers, customers, and partners, but the reality is that this crucial information is currently unavailable to them.
Recognition & Gratitude: TIME100 Impact Dinner
The Terzo team's dedication to solving an important global issue has not gone unnoticed. CEO and founder, Brandon Card was invited to the ‘TIME100 Impact dinner: Leaders shaping the future of AI’ on September 16th. This recognition highlights the potential of AI to drive short-term impact for businesses worldwide who are under a lot of pressure to cut costs and operate more efficiently.
The Future of Contract AI
As AI evolves, so does its potential to solve global problems. Terzo is a shining example of how contract and financial intelligence can reshape business practices. We're at the start of an exciting journey, with a lot of work to do but our mission is clear: to optimize trillions of dollars in waste and reallocate it towards innovation.
To learn more about how Terzo can help you improve efficiency and reduce costs with AI, reach out to our experts for a consultation. .
