Procurement Insights

FEBRUARY 18, 2025

In ProcureTech , the phrase “Cant build a house on a cracked foundation” means you cannot successfully implement AI-driven procurement solutions (or digital transformation) if the underlying procurement processes, data, and strategy are flawed. Key Applications in ProcureTech 1.

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World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. I’ve been reviewing a lot of contracts.

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Spend Matters

JANUARY 18, 2023

Categories: Contract Management , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of dSilo’s contract and invoicing analytics solution. dSilo is a new vendor with an emphasis on AI.

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Procurement Tactics

OCTOBER 18, 2022

GEP Smart is a complete procurement solution with full spend analysis, sourcing, contract management, supplier management, purchasing, invoice handling, and saving track processes integrated into it. . It provides supplier relationship management tools that are designed to make the source-to-pay workflow easy.

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ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

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Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation. Life cycle management.

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ProcurePort

JANUARY 14, 2021

Procurement solutions, while basically universal, are also extremely unique from business to business and organization to organization. Even within the same market or industry; businesses make use of extremely individualized procurement solutions for a variety of reasons.

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Procurement Tactics

JUNE 28, 2023

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

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ivalua

OCTOBER 28, 2022

This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead. Ready to arm your Public Procurement Professionals with the tools they need for modern challenges?

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Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

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Spend Matters

JUNE 27, 2023

This week, we discuss a growing need for, and evolution of, contract analytics and ‘actionable insights.’ The trend for greater contract analytics in contract management solutions is seen most widely in the offerings of the newer providers that go beyond the expected features to give ‘actionable insights.’

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Spend Matters

APRIL 19, 2023

The third concludes with an in-depth look at the sourcing and e-procurement solutions and presents the results of Spend Matters examination as an analyst summary.

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Jaggaer

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

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Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing. Case studies on their website showcase integration with SAP specifically.

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Procurement Insights

DECEMBER 6, 2024

These included the development of platforms for dairy commodity exchange, supply chain management tools, and industry-focused content. Cloudia**: Provides digital procurement solutions, including e-sourcing and contract management, aimed at streamlining procurement operations.

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Spend Matters

MAY 22, 2024

There are different levels of GenAI applications in use by procurement solution providers, from basic/shallow to embedded ( see our definition of the ‘6 flavours of AI’ here ). So it’s a good thing for procurement solution providers that have not yet gone down the AI route.” What are the liability clauses?

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Procurement Express

DECEMBER 31, 2024

Instead, Oracle is ideal for decision-makers approaching procurement from a strategic standpoint. Accounting Systems As is the case with ERP systems, accounting software may come with a lot of features built-in, but it’s not necessarily the most efficient procurement solution.

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Pipefy

NOVEMBER 24, 2023

This guide explores the ability of these solutions to improve business efficiency and reduce operational costs, surveys the many types of tools on the market, their benefits, and essential features. What are procurement tools? How are procurement solutions classified?

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TYA Suite

JANUARY 27, 2025

Advanced Features of Procurement Management Systems are advanced features of procurement management systems that enable electronic transactions between buyers and suppliers. These solutions streamline the by automating tasks such as vendor registration, bid submission, and order placement.

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Supply Chain Game Changer

APRIL 15, 2020

Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. But, it doesn’t have to be the deciding factor, the end all to be all or the absolute first step in an evaluation of digital procurement solutions. Join the Community & Conversation. Nelson Mandela.

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Spend Matters

JUNE 19, 2023

To compare product strengths and weaknesses, try Spend Matters TechMatch to directly assess the capabilities of digital procurement solutions. For more information on procurement tech, services and vendors consult Spend Matters comprehensive free directory.

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Procurement Insights

MARCH 23, 2025

Contract Management : Ensuring that all contracts are up-to-date and optimized can prevent unnecessary expenses. The focus is on the evolution of AI models in terms of their AI-driven, agent-based approaches in MRO (and Indirect) procurement and their relevance in today’s advanced ProcureTech landscape.

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Zycus Cognitive Procurement

FEBRUARY 2, 2021

For example, S2P solutions offer collaborative communication built into the solution itself, enabling real time communication and an audit trail between suppliers, buyers, and internal stakeholders. Contract management and e-procurement are other immediate areas of transformational interest for enterprises.

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Spend Matters

JUNE 19, 2023

Source-to-contract solution suites automate ‘upstream’ (non-transactional) procurement processes, including spend/supply analytics, sourcing (sourcing strategy and e-sourcing execution), buy-side contract management and supplier management.

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Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

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Zycus Cognitive Procurement

JANUARY 12, 2021

Start by getting the most out of your spend analytics solution. While small companies rely on home-grown tools and larger organizations use legacy ERP-based spend analytics solutions, they realize the need for a dedicated procurement solution only after such tools have either reached a stage of saturation or failed.

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Bonfire

APRIL 3, 2023

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

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Procurement Software

JUNE 13, 2023

I’m referring here to the likes of as SAP Ariba , GEP and Coupa procurement software. DeepStream DeepStream Technologies is a rapidly growing source-to-contract software based in London, providing an e-sourcing and contract management platform. Furthermore, ProcurePort offers custom auction SaaS solutions.

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Planergy

FEBRUARY 24, 2025

Embrace Technology: Digital Transformation in Procurement Modern procurement technology is like a sophisticated GPS for resource managementproviding real-time insights, predictive analytics, and streamlined workflows. To discover how we can help grow your business: Read our case studies, client success stories, and testimonials.

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World of Procurement blog

APRIL 23, 2024

Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision. Spend analysis enables informed decision-making and strategic sourcing.

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World of Procurement blog

APRIL 23, 2024

Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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Spend Matters

JUNE 19, 2023

What does a Source-to-Pay solution do? Source-to-Pay solutions are end-to-end suites that manage integrated procurement/payment processes spanning spend/supply analysis, sourcing, contract management, supplier management and transactional procure-to-pay (P2P).

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Una

FEBRUARY 8, 2023

Implement an e-procurement system Implement an e-procurement system to automate the purchase process and reduce the time and cost of manual purchasing. Time equals money, which means the hours spent manually entering data into a spreadsheet is costing you more than you would spend on implementing an e-procurement solution.

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Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Efficiency and automation Cloud procurement solutions usually include a dashboard that provides an overall view of the procurement process.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Here are some types of initiatives that can bring about positive transformation for a procurement team, along with justifications for each: Digital Procurement Solutions Adoption: Justification : Implementing digital procurement tools such as e-procurement, spend analytics, contract management, and e-sourcing platforms streamlines processes, reduces (..)

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Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

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Zycus Cognitive Procurement

OCTOBER 20, 2022

In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. As a result, companies are now evaluating cognitive procurement solutions to help mitigate these risks.

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