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procure.blog

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

Levelpath Named Sample Vendor for Generative AI in 2026 Gartner Hype Cycle for Procurement and Sourcing Solutions

Procurement platform Levelpath reported that Gartner has recognized it as a Sample Vendor for Generative AI capabilities in the 2026 Hype Cycle for Procurement and Sourcing Solutions.[10] The recognition highlights Levelpath’s use of genAI across its intake-to-pay workflows and p

Business Wire

SAP previews agentic AI "Autonomous Spend" capabilities in source-to-pay suite

Product Launches

Jun 20, 2026

SAP previews agentic AI "Autonomous Spend" capabilities in source-to-pay suite

SAP used its June 2026 Procurement Monthly update and SAP Ariba materials to highlight upcoming "Autonomous Spend" features, positioning them as agentic AI add-ons that orchestrate and automate end-to-end source-to-pay workflows with specialized AI applications.[1][3][14] The upd

SAP Community

Product LaunchesJun 19, 2026

NPI launches PRISM to help enterprises shape IT renewal outcomes before vendors deliver a quote

NPI announced PRISM, a tool designed to give enterprise procurement teams leverage in IT renewal negotiations before suppliers issue pricing. The launch focuses on intelligence, alignment, and tactical precision for procurement-led negotiations.

Business Wire

Enterprise AdoptionJun 18, 2026

JAGGAER to transform procurement at Daikin Applied Americas with unified platform

Daikin Applied Americas has selected JAGGAER’s Source-to-Pay suite to digitize and standardize its procurement operations, aiming to improve spend visibility and supplier collaboration across North American plants. The deployment will replace disparate legacy tools and manual pro

JAGGAER

Product LaunchesJun 17, 2026

Ivalua unveils Intelligent Virtual Agent to automate end-to-end Source‑to‑Pay

Ivalua detailed its new AI-based Intelligent Virtual Agent (IVA), describing it as a fully agentic system that can execute any Source‑to‑Pay process from day one, orchestrating sourcing events, supplier interactions and workflow automation for procurement teams.

Procurement Magazine

Enterprise AdoptionJun 16, 2026

Eurowag Modernises AP and Spend Management with Coupa, Rossum and Accenture

Mobility solutions provider **Eurowag** implemented a modernised AP and spend management stack built on Coupa and Rossum, supported by Accenture, to automate invoice capture and unify spend visibility. The deployment focuses on AI-first document processing and end-to-end workflow

Procurement Magazine

OtherJun 15, 2026

This Week's Top Five Stories in Procurement

Procurement Magazine’s weekly roundup spotlights the week’s most notable procurement stories, including coverage involving Accor, Amazon, McCormick and Kering. It is a useful catch-all digest of current procurement news flow.

Procurement Magazine

Enterprise AdoptionJun 14, 2026

Switch Secures Expanded US$10bn Credit to Underpin AI Data Centre Power Procurement

Data centre operator Switch has extended its credit facilities to US$10bn to support long-term energy procurement and utility partnerships for AI data centre campuses.[7] The financing underwrites large-scale power purchase and grid-connection commitments that are becoming prereq

Procurement Magazine

Enterprise AdoptionJun 13, 2026

UPS Invests US$50m in Automated Procurement-Ready Logistics Network

UPS announced a US$50m investment in network upgrades, including RFID-driven procurement visibility and cross‑border automation, to tackle procurement challenges such as border delays and poor supply chain transparency. The initiative is designed to give enterprise shippers and p

Procurement Magazine

Product LaunchesJun 12, 2026

Ivalua Launches IVA Studio, Redefining How Procurement Works with AI

Ivalua unveiled **IVA Studio**, an AI workbench that lets enterprises design and orchestrate AI agents across sourcing, supplier management and spend workflows on its unified procurement platform, aiming to embed generative and predictive AI directly into day‑to‑day procurement p

PR Newswire

Enterprise AdoptionJun 11, 2026

Tractor Supply taps AI to help scale last-mile delivery network

Tractor Supply is using AI tools to help managers build delivery routes and improve delivery-time estimates. The company says additional AI-driven improvements are in development for its last-mile network.

Supply Chain Dive

Product LaunchesJun 10, 2026

Ramp hits US$44bn valuation and launches AI-powered procurement and spend tools

Fintech firm Ramp reached a US$44bn valuation as it introduced new automated procurement features, AI-based token and spend tracking, and an integrated accounting ecosystem aimed at helping global enterprises manage sourcing, approvals and spend under a single platform.

Procurement Magazine

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