Vertice Launches Procure to Pay Platform

Vertice announced in a press release the launch of Procure to Pay, a capability that adds invoice processing, purchase order matching, spend controls and payments to its procurement platform. The product is available now.

Procure to Pay keeps purchase orders, invoices and payments in the same record as the original request, approvals, negotiation history and contract. It also uses Vertice's procurement data, which covers $75 billion in spending across 32,000 vendors, to provide pricing and payment context.

AI agents classify invoice documents, extract data and reconcile invoices against purchase orders, contracts and budgets. They can also add general ledger codes and audit trails, while helping teams identify invoice discrepancies, payment term options and early payment discounts.