Spend management stories

JAGGAER has appointed Gopinath Polavarapu as its first Chief Digital and AI Officer to embed advanced AI into its One Platform, boosting automation and collaboration.

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.

Medius has appointed Gary Hall as Chief Product Officer to lead its global AI-driven spend management and accounts payable product strategy.

Extend unveils an open-source AI toolkit enabling businesses to analyse financial data with advanced automation and multi-framework integration.

Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.

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.

Extend has partnered with Visa to improve virtual card solutions for middle-market businesses, enhancing spending control and security for users.

ProSpend launches its Start ProSpending campaign to tackle inefficiencies in Australian finance teams, aiming to streamline processes and reduce wasted time.

Emburse has launched Emburse AI, a dedicated large language model aiming to streamline expense management and enhance accuracy in financial processes.

New research from Soldo reveals that 88% of UK finance leaders believe limited employee access to budgets is stunting business growth and productivity.

Middlebank Consulting Group and SimPPLY have formed a partnership to enhance supply chain visibility, aiming to cut third-party costs by up to 15%.

AccountsIQ has acquired ExpenseIn, enhancing its cloud-based offerings and boosting its customer base to over 350,000 users across 40 countries.

GetYourGuide has increased sales by 14% after streamlining its financial processes using Soldo's spend management platform, boosting operational efficiency.

For the third consecutive year, Workday has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises.

Extend has launched its Bill Pay feature, allowing businesses to settle invoices securely using virtual cards, enhancing accounts payable processes.

Unimarket and VendorPanel have merged to enhance procurement solutions, targeting an annual global spending of USD $13 trillion in the sector.

Payhawk's 'Fall Edition' introduces over 15 new features aimed at boosting spend transparency and accountability, addressing key pain points for financial leaders.

Ascertus has partnered with Lawcadia to enhance matter and spend management for corporate legal departments, solidifying their portfolio with innovative solutions.

Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.

AI-driven procurement by Globality and HFS Research shows Global 2000 firms boosting productivity by 70% and cutting costs by 20%, enhancing efficiency.