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procure.blog

The latest news on AI in procurement — new platforms, funding rounds, enterprise adoption, and industry analysis.

Teem Brings AI-Native Supplier Intelligence to Workday Spend Management

Teem announced a partnership with Workday to integrate AI-powered supplier insights with Workday Strategic Sourcing and Workday Contract Lifecycle Management. The integration supports supplier discovery, redundant-spend detection, and category-management recommendations.

Business Wire

ResearchSep 28, 2026

LightSource Earns Validation in The Hackett Group’s Fall 2026 SolutionMap Technology Assessment

LightSource was recognized as a validated provider in The Hackett Group’s Fall 2026 SolutionMap assessment. The evaluation covered 122 providers across 16 source-to-pay categories and included LightSource’s AI-native direct-materials operating system.

Business Wire

PartnershipsSep 27, 2026

Xapien Partners With ServiceNow to Bring AI-Native Due Diligence Into Enterprise Workflows

Xapien partnered with ServiceNow to embed its dynamic due-diligence capabilities into enterprise workflows. The partnership follows Xapien’s announcement of a $56 million investment round and supports supplier and third-party risk workflows within a broader enterprise platform.

Business Wire

FundingSep 26, 2026

Axya Secures $17 Million CAD in Funding to Help Manufacturers Modernize Procurement with AI

AI-powered procurement platform Axya raised $17 million CAD in a Series A round led by McRock Capital, with participation from Yamaha Motor Ventures and existing investors. The funding will support platform and AI development, international expansion, and team growth.

PR Newswire

Product LaunchesSep 25, 2026

Order.co Launches Purchasing Copilot, Bringing AI-Powered Procurement Into Workday

Order.co launched Purchasing Copilot, an app for Workday Procurement customers that uses AI agents to monitor shipments, identify savings opportunities, and alert users to order exceptions. The product is designed to operate within Workday workflows.

GlobeNewswire

ResearchSep 23, 2026

The Hackett Group Releases Fall 2026 SolutionMap and TechMatch Procurement Technology Assessments

The Hackett Group released its Fall 2026 procurement technology assessments covering 122 vendors. The research evaluates procurement technology providers through SolutionMap and TechMatch analyses.

Financial Times Markets

ResearchSep 22, 2026

Coupa named Leader in IDC MarketScape for AI‑enabled direct spend management

Coupa was recognized as a **Leader** in the IDC MarketScape: Worldwide AI‑Enabled Direct Spend 2026 Vendor Assessment, underscoring the maturity of its autonomous spend management capabilities for complex direct materials procurement.[1] The assessment highlights Coupa’s AI‑drive

Business Wire

Contract IntelligenceSep 21, 2026

Leah declares 'the CLM era is over' and launches Leah Contracting for agentic enterprise contract work

Leah introduced Leah Contracting, a new agentic AI solution on its Maestro platform that executes contracting work end‑to‑end—from intake and review through negotiation, approval, signature, obligations and renewal—rather than relying on traditional contract lifecycle management

Business Wire

ResearchSep 20, 2026

SAP report finds digital transformation and agentic AI now top priorities for procurement leaders

SAP published "Five Years of Procurement Change: Ambition to Value," reporting that 60% of executives now name digital transformation as procurement’s top strategic priority for the next 12–18 months, up from 38% in 2025.[12] The research highlights agentic AI as the most sought-

SAP News

PlatformsSep 19, 2026

SAP introduces next-gen SAP Ariba smart AI source-to-pay suite

SAP launched a next-generation SAP Ariba source‑to‑pay package built on the SAP Business AI Platform, featuring AI-based assistants and agentic AI “agents” that aggregate demand, analyze bids, handle complex sourcing scenarios, and support intelligent contract authoring integrate

SAP

FundingSep 18, 2026

BackOps raises $42 million Series B to scale its AI resolution layer for supply chain operations

BackOps announced a $42 million Series B round to grow its AI resolution layer for companies that make or move physical goods, aiming to automate issue resolution and operational workflows across supply chain operations.[9] While broadly supply‑chain focused, the funding supports

PR Newswire

Product LaunchesSep 17, 2026

Zip Forward 2026: Zip Expands AI Risk Orchestration into Full Third-Party Risk Management and Unveils Sourcing and PO Superagents

At its Zip Forward 2026 conference, Zip expanded its AI Risk Orchestration into a full third-party risk management solution embedded in the procurement platform, and launched new agentic capabilities including a Sourcing Superagent for strategic sourcing events and a PO Managemen

Business Wire

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