TTerzo is a fintech platform that uses artificial intelligence to manage contracts and provide financial insights. It offers an AI-powered contract analytics engine and spend-data insights to help organizations review contracts in seconds, reduce risk, and make informed cost decisions. The product supports no-code workflows and out-of-the-box integrations with enterprise apps like ERP, P2P, and SSO, enabling quick deployment across small businesses to large enterprises. It operates on an AI-as-a-Service model, so clients pay for AI capabilities without building and maintaining their own AI systems. Compared with competitors, Terzo focuses on combining contract management with spend analytics, emphasizes easy implementation through no-code workflows and ready-made integrations, and targets a broad customer base. Its goal is to help customers accelerate contracts, cut costs, and minimize risk by automating contract review and providing actionable financial insights.
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Industries
Company Size
201-500
Company Stage
Series A
Total Funding
$19.2M
Headquarters
Los Angeles, CA
Founded
2020
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Total Funding
$19.2M
Meets
Industry Average
Funded Over
2 Rounds
Industry standards
Terzo, an AI financial intelligence platform, has appointed retired three-star general and former US Ambassador to NATO Douglas Lute to its board of directors, signalling the company's expansion into federal and state government sectors. Lute served in the White House across two administrations, including as Deputy National Security Advisor for Iraq and Afghanistan and US Ambassador to NATO from 2013 to 2017. He currently chairs the International and Defence practices at BGR Group. Terzo's platform converts contracts, invoices and purchase orders into actionable financial intelligence, having identified over $1 billion in measurable financial impact for customers. The company aims to help government agencies track public spending more efficiently, targeting departments like the Pentagon, which operates on nearly $1 trillion, and the Department of Veterans Affairs with its $450 billion budget.
Terzo, an AI financial intelligence platform that transforms contracts into profitability, has appointed Daniel Haitz to lead strategic partnerships and channel growth. Haitz joins from Accenture, where he led enterprise platform growth initiatives that tripled revenue over three years. Terzo's platform continuously analyses contracts, invoices and purchase orders to identify money owed, at-risk renewals and payment discrepancies. The company has driven over $1 billion in measurable customer impact, including a Fortune 100 engagement that delivered 50x ROI. Terzo targets 10–15% buy-side impact and 5% revenue-side impact across customers' contract bases. Haitz brings nearly two decades of experience in enterprise software, procurement transformation and operating strategy. His appointment supports Terzo's expansion across procurement, finance, supply chain and revenue operations.
Terzo, a Los Angeles, CA-based AI-powered contract intelligence platform, raised $16M in Series A funding
Contract governance is the steps taken to make sure agreed-upon terms between a company and its suppliers are met. It’s an essential part of doing business, and the consequences for getting it wrong can be steep. McKinsey estimates that poor contract governance can cost organizations up to 9% of their total revenue, which equates to $1.4 trillion for the Fortune 500 alone and $6.4 trillion across all enterprise business-to-business companies. Challenges around contract governance have fueled the rise of startups like Icertis, which recently secured $150 million at a $3.2 billion valuation to build out its contracting tools. LinkSquares in April landed $100 million for its AI-powered contract analysis platform, while ContractPodAi, a close competitor, has raised tens of millions to digitize contract reviews
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
201-500
Company Stage
Series A
Total Funding
$19.2M
Headquarters
Los Angeles, CA
Founded
2020
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs