March 12, 2025 | Technology read
Procurement has always been a balancing act—managing suppliers, approvals, budgets and compliance while keeping operations running smoothly. And that process can get messy. Emails pile up, approvals stall and employees struggle to find the right policies.
Enter AI-powered chatbots—your new procurement allies.
Read on for eight ways these virtual assistants are transforming procurement functions, making processes faster, smarter and more user-friendly.
March 11, 2025 | Technology read
The procurement landscape has seen a significant shift toward automation and efficiency in recent years with the advent and adoption of AI.
According to the 2025 Annual ProcureCon CPO Report, leveraging AI in procurement processes and decision making is a high priority for 66% of respondents.
March 04, 2025 | Procurement Strategy read
Under increasing pressure over frequent wildfires, utilities across the United States are fighting back.
In California, one of the most wildfire-prone regions, utilities such as Pacific Gas and Electric (PG&E) are allocating billions of dollars to wildfire mitigation, totaling $5.5 billion since 2019. Their efforts include the deployment of advanced technologies such as AI-powered cameras and satellite systems for early wildfire detection.
AI is positioned to make procurement orchestration more inte lligent, automated and seamless. Procurement leaders can now centralize data, streamline workflows and improve decision-making in real time.
That was a key insight from Santosh Nair, Chief Product Officer at GEP, in a recent interview with SupplyChainBrain.
March 04, 2025 | Procurement Software read
Procurement is undergoing a big shift, driven by AI agents that are poised to transform how organizations source, negotiate and manage supplier relationships.
According to The Hackett Group’s 2025 Procurement Agenda and Key Issues Study, artificial intelligence—and particularly agentic AI—is the top trend impacting procurement this year, alongside digital procurement and automation.
These technologies promise to disrupt nearly 50% of procurement activities over the next five to seven years.
But disruption doesn’t mean elimination—far from it.
February 07, 2025 | Procurement Software read
How many businesses today can effectively manage their tail spend? The answer is not difficult to guess, considering that this portion of spend is often not actively monitored.
Comprising thousands of small purchases scattered across many suppliers and product types, tail spend often remains under the radar.
The question now is: Why do internal business teams make several purchases outside their contracts? How can they lower their maverick spend?
February 07, 2025 | Contract Management read
Effective contract management is a key focus area for procurement teams. When used right, contracts streamline the buying process and help procurement stay compliant.
For seasoned IT procurement teams, a well-documented contract can be the difference between buying the right technology or equipment at the right price and overpaying for the same equipment or waiting a long time for delivery.
January 24, 2025 | Contract Management read
AI has brought new efficiency to contract lifecycle management (CLM) software solutions.
By 2027, 50% of organizations could support supplier contract negotiations through AI-enabled contract risk analysis and editing tools, predicts Gartner. And generative AI is expected to be most impactful on contract lifecycle management of businesses over the next 12 months.
January 24, 2025 | Accounts Payable read
How can AI-driven automation elevate AP operations beyond basic transaction processing? What are the next-gen AI applications pushing the boundaries of efficiency, compliance, and risk management within AP?
These are some of the key concerns of businesses and their finance teams as they look to adopt the latest innovations in AI to streamline AP operations.
January 22, 2025 | Procurement Software read
Are you tired of the tedious, time-consuming tasks that come with managing RFPs for IT services? How often have you wished for a tool that could streamline drafting, vendor evaluation or compliance checks?
For supply chain and procurement professionals who understand the complexities of these processes, the question isn’t whether RFP management can be improved—it’s how.
