Datarails, an AI-powered platform that provides finance leaders with a single source of truth across core CFO office workflows, has launched Spend Control, a new product designed to centralize and automate how companies manage vendor contracts and subscription spend.
The company said the platform provides finance teams with full visibility into contracts, renewals, and payments, aiming to reduce waste from overlapping tools, duplicate subscriptions, and services that continue to run without active use. Datarails positioned Spend Control as the only solution of its kind with full ERP integration, enabling teams to reconcile contract terms directly against actual payments and identify mismatches.
Spend Control also includes an AI agent to support end-to-end renewal management. Datarails said the agent can automatically review terms and conditions, benchmark market alternatives, and draft renewal requests, helping finance teams negotiate from a stronger position while reducing administrative burden.
The launch follows the company’s recent $70 million Series C financing and a broader product push to deploy “finance agents” across FP&A and related workflows. Datarails framed Spend Control as an extension of that strategy, using AI to surface cost-saving opportunities, reduce redundancy across departments, and improve budgeting and forecasting accuracy.
Datarails cited research indicating that poor contract management can materially erode enterprise value, particularly in complex industries. It also highlighted the operational reality that contract-related data is often fragmented across numerous systems, leaving finance teams reliant on spreadsheets, inbox searches, and manual reminders, which can lead to missed renewals, unnecessary renewals, and contract terms drifting from budget approvals.
The company said Spend Control includes a centralized contract hub with AI-driven extraction and integrations, duplicate detection and alerts tied to autorenewals and expirations, renewal workflows with automated vendor communication, and dashboards that provide real-time analytics and proactive recommendations.
KEY QUOTES
“Finance teams are losing millions to zombie subscriptions and duplicate tools because they lack a unified, simplified view of their vendor landscape. As we continue transforming how finance teams approach every aspect of financial planning and analysis, we’ve launched Spend Control not just to track contracts, but much more importantly to provide the strategic insights CFOs and their teams need to turn spend management from a cost center into a competitive advantage.”
Didi Gurfinkel, Co-founder And CEO, Datarails
