Concilely

Introduction to Concilely

Concilely is a contract-aware invoice analysis tool designed to help finance and operations teams validate what they should pay by comparing invoices against contract terms. It reads contracts and invoices, computes the expected payment amount, and highlights any variances with supporting clause evidence. This ensures that organizations can avoid overpayments, detect billing errors, and maintain audit readiness.

The product is built with a conservative automation approach, ensuring that when there is uncertainty, it flags the issue for human review rather than making automatic payments. This keeps humans in control while leveraging AI to handle the heavy lifting of contract and invoice analysis. The solution is ideal for teams dealing with high volumes of invoices and contracts, offering a scalable and efficient way to manage financial compliance and accuracy.

Takeaways

• Contract-aware invoice validation: Automatically compares invoices with contract terms to identify discrepancies.
• Conservative automation: Flags uncertain cases for human review instead of auto-paying.
• Audit-ready features: Tracks exceptions, changes, and approvals for easy audits.
• Flexible ingestion: Supports Microsoft 365 mailboxes and PDF uploads with intake rules to reduce noise.
• Explainable exceptions: Shows extracted terms and variance reasons for quick decision-making.

How Concilely Works

Concilely operates through a four-step process:

1. Ingest: Connects to email inboxes or allows PDF uploads. Intake rules filter out irrelevant items.
2. Extract: Pulls money-related terms from contracts, which are confirmed by humans before use.
3. Reconcile: Matches invoices to contracts, applies tolerance thresholds, and classifies outcomes as matched, needing review, or exceptional.
4. Explain: Provides detailed explanations of exceptions, including clause text, values, and approval history.

Core Benefits and Applications