We saved $260M in cash for cos. like Meta, Unilever, and J&J by finding baseless charges across 19M+ invoices.
Now, we've raised $75M to extend our guarantee: if we can't find $500K in overpaid invoices, we'll pay you $10K.
Book a demo: https://t.co/FbUCc391D5
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How it works ⬇️
PROBLEM:
A Fortune 500 gets a million invoices a year. Most of them are for a couple hundred dollars.
Checking one properly means opening the contract, pulling the rate card, matching the PO, and hunting down the bill of lading that proves the shipment moved the way the carrier says it did.
All of that work to defend $200. So nobody does it.
The pile goes to a human. The human audits only a sample (12%) and pays the rest (88%) blindly. That's where the money goes.
At a pharma co, we found an uncontracted surcharge billed across global carriers for two years. $26M nobody questioned, because every individual line looked ordinary.
Each surcharge is small enough that escalating it costs more than paying it. And there are a million of them.
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SOLUTION:
Freehand’s AI reads everything: every line of every invoice, against every contract, rate card, transaction data, bill of lading, warehouse record, time sheet, and email exchange between you and the supplier. It also analyses every past invoice, and transaction data with that supplier,
ever.
It holds all of this knowledge in a Context Graph. When an invoice arrives, it knows what you should pay, what actually shipped, if the service was delivered or not, what the SLA was, and what this supplier billed you for the same service last quarter.
Then it proactively:
> writes up the dispute with the evidence attached
> emails the supplier
> calls her when the email goes quiet
> Slacks your purchases team for more information
> Follows up until the invoice comes back corrected.
> Approves the correct invoice
> Pays it across different currencies and tax structures
> And accrues the right amount to your general ledger
Freehand’s will do all of that to recover $20, because it is doing it across all millions of invoices at the same time, saving 5-10% of company spend with 100% SOX compliance and auditability.
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🚨 RT + reply "FREEHAND" and we'll send you the AI upskilling guide that's already helped 750+ displaced workers move into more secure, higher-paying AI-native roles through Freehand's Transition Bootcamp.
@thsottiaux Switched to Codex for the better browser + 5.6Sol just doing better for fewer $.
I'd love it if we could sync ChatGPT and Codex though. ChatGPT voice is great for planning, and Codex for implementation. But manually copy-pasting across both is annoying
@nurijanian Sounds trite - but it was both gut + data. It was a high stakes decision that I wouldn't have made without data strongly validating it.
While I'd like to entirely credit my strong instinctive hunch, without the data that decision wouldn't have been made.
@1kunalbahl Folks are just listing their favourites. Apple Watch Ultra 3, Pixel Watch 3, Whoop (worn on the bicep) are the most accurate as measured by TheQuantifiedScientist on YouTube.
but what was hilarious, and slightly disappointing was that the quiz wasn't very helpful, since I couldn't see the syntax in the options, but rather the output of that syntax 😆
searched for a site I used years ago to learn markdown syntax. Was surprised to see that @comet browser created a quiz & flashcards for it! ��
Was initially skeptical of these AI browsers, but this is finally what gets me to away from @firefox I guess
@Naman47736618 @rishabhm Other than Facebook Marketplace and MyGate:
Classic Furniture in KR Puram is trustworthy - you can mention my name for a small discount. toqri in HSR is more expensive, but good too. Ideally you should inspect the chair in person before buying.
https://t.co/tSSh3zyVbM
@klaudworks 💯 agree. It's the app I most recommend to my friends.
As someone that hasn't explored the AI enhancements, I'm curious to hear if you've taken value from it, and some ways in which you use it.