Business, AI

Freqens

Freqens is an AI-powered platform that helps procurement and finance teams control their software spending effectively. Most companies track costs but rarely take action. Freqens changes that by centralizing all contracts, invoices, and purchase orders in one place, using AI to extract key details and flag renewal dates automatically. The platform provides real-time pricing benchmarks from anonymized market data, so teams know if they're overpaying. It also suggests alternative suppliers and analyzes internal vendor feedback to highlight satisfaction issues early. Customers report savings of up to 45% on software contracts while reducing manual admin work. Built for CFOs and procurement leaders, Freqens is GDPR-compliant and SOC 2 certified. By combining data visibility, market intelligence, and AI automation, it transforms software spending from a cost center into an opportunity for strategic savings.