Procurement stories

Shadow spend drains UK firms’ margins, with £1 in every £10 untracked, but AI and automation offer promising solutions to boost spend visibility and control.

SAP unveils advanced AI tools and partnerships, including a smarter copilot and AI agents, aiming to boost productivity and AI accessibility for businesses.

Workday has launched new Illuminate AI agents to boost HR and finance productivity, streamlining hiring, contracts, and frontline worker support.

Stackpack has raised USD $6.3 million to enhance its AI platform that simplifies managing third-party vendor complexities for businesses.

Foodbank Victoria wins Qlik Global Impact Award for using data analytics to deliver 25 million meals yearly, cutting food costs by 15% across Victoria.

Organisations in Australia and New Zealand are boosting investment in AI supply chain technologies to enhance resilience, productivity, and meet evolving customer demands.

CAUDIT and Macquarie Cloud Services have launched CAUDIT Cloud to help Australasian universities tackle IT costs, compliance, and data challenges affordably.

Embracing ESG is now essential; businesses thriving in the conscious economy align performance, talent management and procurement for lasting success.

Siemens Digital Industries Software will acquire Wevolver to enhance its Supplyframe platform and expand its reach to millions of engineers worldwide.

Peter Budweiser of Celonis urges that visibility and real-time data are essential for transforming supply chains amid ongoing global disruptions.

Oracle has revealed that major engineering firms including Black & Veatch and WSP Global are using its Fusion Cloud Applications to boost operational efficiency.

Palo Alto Networks has reached USD $1.5 billion in sales through Google Cloud Marketplace, underscoring its commitment to cloud and AI security advancements.

Payhawk has unveiled the AI Office of the CFO, a new suite of AI agents aimed at enhancing finance teams' efficiency by automating critical tasks.

ISMS.online has unveiled a new integrated SOC 2 solution, aiming to streamline compliance for organisations and foster greater market confidence.

The London School of Economics has partnered with Globality to enhance procurement efficiency using AI technology amid budget pressures in higher education.

Worley partners with Dell Technologies to launch an AI Factory, aiming to revolutionise project delivery and enhance innovation within sustainable energy.

Oklahoma has saved over USD $10 million in its first year using the Celonis Process Intelligence platform, significantly improving state operations and taxpayer fund management.

As we celebrate International Women's Day, procurement emerges as a strategic career path for women, offering innovative roles and significant growth potential.

Globality has enhanced its Glo AI Agent, introducing advanced pricing analysis tools aimed at helping Global 2000 firms optimise decision-making and reduce costs.

The rise of artificial intelligence is reshaping procurement and cybersecurity, as firms look to harness its potential while safeguarding critical data.