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procure.blog

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

Amex GBT Set to Be Acquired by Long Lake, Embedding Applied AI into Travel Procurement

American Express Global Business Travel is being acquired by **Long Lake** in a deal focused on embedding applied AI into business travel procurement workflows and expanding strategic partnerships in sustainable aviation fuel and start-ups.

Procurement Magazine

PlatformsJun 30, 2026

SAP promotes SAP Store as a route to simplify software procurement and contract co‑terming

SAP detailed how SAP Store enables existing enterprise customers to expand their application footprint, co‑term contracts, and manage procurement of add‑ons within their existing commercial framework.[6] The update emphasizes streamlined sourcing and contract management for add-o

SAP News Center

PlatformsJun 29, 2026

Ivalua Recognized as Leader in Forrester Wave for Accounts Payable Invoice Automation

Ivalua, described as an enterprise AI platform for procurement, was named a leader in The Forrester Wave: Accounts Payable Invoice Automation Software, Q2 2026, reflecting its strength in AP automation embedded within a broader source-to-pay suite.[10] The recognition underscores

PR Newswire

Enterprise AdoptionJun 28, 2026

Kraft Heinz Reconfigures Procurement for Global Growth

Kraft Heinz is merging its procurement and supply chain functions starting 1 July 2026 under Janelle Aydin. The restructuring is framed as part of the company’s global growth agenda.

Procurement Magazine

Enterprise AdoptionJun 27, 2026

Coupa, Rossum and Accenture help Eurowag unify finance and AP operations

Eurowag has deployed an integrated finance and AP automation stack built on Coupa and Rossum with Accenture as transformation partner, streamlining invoice processing, boosting visibility and future‑proofing its operations. The deployment highlights enterprise adoption of AI-enab

Procurement Magazine

Contract IntelligenceJun 26, 2026

Sirion Unveils Agentic AI Roadmap for Contract Lifecycle Management

Sirion outlined a new agentic AI-driven roadmap for its CLM platform, aiming to automate obligation tracking, risk detection, and performance management across complex enterprise contracts. CEO Ajay Agrawal detailed how global customers are using Sirion’s AI to improve compliance

Procurement Magazine

Enterprise AdoptionJun 25, 2026

Amazon Business Exchange 2026 spotlights AI, sustainability, and marketplace models in enterprise procurement

At Amazon Business Exchange 2026 in London, procurement leaders from large European enterprises discussed using Amazon Business to drive AI-enabled guided buying, tail-spend management, and more sustainable purchasing. Sessions highlighted case examples of organizations leveragin

Procurement Magazine

PlatformsJun 24, 2026

Coupa recognized as a Leader in the 2026 Gartner Magic Quadrant for Accounts Payable Applications

Coupa announced that it has been named a Leader in the 2026 Gartner Magic Quadrant for Accounts Payable Applications, reflecting the strength of its AP automation and payables capabilities.[8] The company positions this recognition as validation of its broader business spend mana

PR Newswire

ResearchJun 23, 2026

Ivalua Publishes 2026 AI Procurement Software Buying Guide Emphasizing Autonomous Sourcing and Contract Intelligence

Ivalua released a 2026 AI procurement software buying guide outlining five ROI drivers for CPOs, including intelligent intake, AI-driven sourcing, autonomous contract intelligence, predictive spend analytics, and orchestrated automation. The guide synthesizes analyst research and

Ivalua

Enterprise AdoptionJun 22, 2026

Mars, PepsiCo and Nestlé fast‑track CPG procurement with AI and digital twins

Mars, PepsiCo and Nestlé are using AI and digital twin technology to optimise cycle times, cut procurement administration and reduce costs across their CPG value chains, highlighting a new wave of data‑driven procurement transformation at global scale.

Procurement Magazine

ResearchJun 21, 2026

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

Product LaunchesJun 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

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