Future-Proofing Procurement Accounting: The Impact of AI, ESG, and Analytics
April 10, 2025 | Procurement Strategy
Have you ever considered how much money slips through the cracks due to inefficient procurement accounting? Hidden costs, missed savings opportunities, and financial misalignment can silently drain profitability.
6 Real-World Use Cases of AI-Powered Contract Management Software
April 08, 2025 | Procurement Strategy
Struggling to effectively manage multiple contracts? Confused about which clauses and terms to include or how to negotiate? Looking to track and optimize contract performance?
AI has got everything covered. In fact, AI-powered contract management is no longer just about automation—it’s about getting access to actionable intelligence. Businesses today aren’t just looking to process contracts faster; they need to uncover risks, optimize financial outcomes, and make data-driven decisions in real time.
From Vision to Execution: Why GEP Is a Leader for S2P Suites in Gartner 2024-25 Magic Quadrant
April 07, 2025 | Source to Pay
How do procurement leaders handle complex challenges in this era of artificial intelligence (AI)? It starts with finding a visionary partner with an unmatched ability to transform procurement processes by leveraging AI.
Getting Ready for AI-Powered Procurement Transformation
March 26, 2025 | Procurement Software
How will the procurement function operate three or five years from now? With the adoption of AI-powered technology, how will procurement’s role and capabilities change?
The short answer: AI will bring about a significant transformation in procurement.
While all business functions will benefit from innovations in AI, few are likely to transform as big as procurement. Not surprisingly, AI use cases in procurement are increasing almost every day.
The long-overdue incorporation of advanced technology and tools has also got industry experts excited.
How Procurement is Reshaping Marketing Spend for Greater Impact in 2025
March 17, 2025 | Procurement Strategy
In 2025, marketing procurement will be a strategic powerhouse driving innovation, efficiency and value across the entire marketing ecosystem.
As companies navigate a rapidly evolving landscape of technology, data and consumer behavior, marketing procurement professionals are stepping into this pivotal role. But what does this mean for the future of marketing spend, and how can procurement teams rise to the challenge?
From AI to ESG: 5 Procurement Priorities for 2025 and the Strategies to Implement Them
March 10, 2025 | Procurement Strategy
Are procurement leaders prepared to navigate the next wave of tech disruption, or will they be left playing catch-up?
With new innovations reshaping procurement, leaders are rethinking their strategies to improve efficiency, reduce risks, and drive cost savings.
According to the ProcureCon CPO 2025 report, procurement teams are prioritizing data-driven decision-making, automation, and sustainability.
Cloud Purchase Order Systems: Stop Reacting, Start Leading Your Manufacturing Procurement
March 06, 2025 | Procurement Strategy
Are maverick spending, supply chain bottlenecks, and a lack of visibility keeping your manufacturing procurement processes stuck in the past?
Global Cocoa Shortage: What It Means for Procurement & Supply Chain
March 05, 2025 | Cost Management
The cocoa supply chain is walking a tightrope, and this year, it might just lose its balance.
Global cocoa production is projected to fall short by over 1 million metric tons in 2025, leaving a gaping hole in the supply chain.
With demand for chocolate rising by 3% annually and climate change wreaking havoc on cocoa farms, we’re heading for a cocoa crunch.
But what’s driving this deficit, and can we fix it?
63% of CPOs Are Gaining More Influence — Here’s Why Procurement is Now a Strategic Powerhouse
March 04, 2025 | Procurement Strategy
For years, procurement was viewed as a back-office function, focused primarily on cost-cutting and supplier negotiations. But that perception is changing rapidly.
The 2025 ProcureCon CPO Report reveals that 63% of CPOs expect to play a greater role in high-level decision-making over the next 12 months—a significant jump from last year’s 46%.
And this shift could not have come at a more critical time.
Rethinking RFPs: How Next-Gen Technology is Transforming Procurement
February 27, 2025 | Procurement Strategy
For decades, the Request for Proposal (RFP) has been central to procurement, helping organizations identify the best suppliers and solutions. But in today’s fast-paced business environment—where agility and innovation are critical—traditional RFP processes often fall short.
Manual workflows. Subjective evaluations. Time-consuming administrative tasks. These inefficiencies slow decision-making and limit procurement’s strategic impact.