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In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Modern procurement automation software helps companies to streamline repetitive tasks, improve cross-team collaboration, and improve visibility across every stage of the buying cycle.
In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Approval lead time is another important metric.
Modern platforms unify the entire Source-to-Pay lifecycle, offering real-timevisibility, integrated compliance controls, and advanced analytics across sourcing, contracts, and payments. It forms the foundation of digital procurement, enabling better spend visibility, improved compliance, and faster, more efficient operations.
All of the phases are peppered with real-world case studies from the people who have been in your shoes; so you dont have to step into the same holes theyve already avoided! The post Q1 2025 research roundup: A deep dive into procurement tech market movements; updated coverage of 12 vendors appeared first on Spend Matters.
How to gain visibility and control of your indirect spend. These portals improve real-timevisibility into purchase orders, payment timelines, and dispute resolution, directly enhancing vendor satisfaction. [5] In 2025, this is finally starting to shift at scale.
In case you haven’t picked up on it, which is possible, all three of the above names I shared for 2025 are FI race car champions. Poll Time The following is a poll that was posted in the Global & Purchasing Supply Chain Professionals LinkedIn Group, which has over 164,000 members. What is the edge one driver has over another?
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Supply Chain Visibility: Invest in technology that provides real-timevisibility into the supply chain.
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.
In a recent YouTube video titled “Malls, Machines & the Gen Z Revival: AI & the Future of 2025,” Sarah Barnes Humphrey delves into the intersection of AI and the future of supply chain operations.
billion in 2025 , growing from $1.29 days in 2025 , highlighting automations transformative impact [6][9]. Fraud Prevention Strengthened Security: 59% of AP systems are now incorporating AI-driven fraud detection, addressing concerns from 31% of AP teams that have identified fraud as a growing priority in 2025 [6][9].
The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration between finance and procurement.
To help you make the best choice, weve analyzed recent online reviews, product updates, and market trends to identify the five top-rated P2P solutions leading the way in 2025. Heres a closer look at the top 5 procure-to-pay software solutions for 2025: Fraxion , Precoro, Procurify, Tradogram, and Bellwether. See how they compare.
This blog explores the key considerations for public sector organizations when selecting procurement technology in 2025, reflecting the latest trends and best practices. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.
“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Real-time data and AI (e.g.,
The right financial reporting software gives you real-timevisibility into where money is going, automates tedious finance tasks, and helps you make smarter decisions faster. In this guide, well break down the best financial reporting tools for SMBs in 2025 so you can find the one that fits your needs.
From collaborative robots to digital twins, generative design to autonomous supplier negotiations, this blog explores real-world use cases, practical benefits, and what your team needs to consider to start putting AI to work across operations. is Transforming Industry Smart factories, real-time data, AI-powered systemsManufacturing 4.0
No ProcureTech solution providers in 2025 explicitly state that Agentic AIAI systems with autonomous decision-making and task executionwill outright replace humans in procurement. The following providers are prominent in ProcureTech, with insights drawn from their 2025 activities and aligned with my focus on outcomes over hype.
Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Technological Advancements : The adoption of AI-driven procurement tools and cloud-based platforms improved visibility, efficiency, and decision-making.
According to Gartner, up to 67% of ERP implementations fail — and as more solutions migrate to the cloud, they predict the failure rate could climb to as much as 90% by 2025. Best-in-class solutions do a better job of capturing usage data for healthcare products at the time of patient use. Point-of-use data capture.
At the time, organisations were understandably keen to capture the benefits but, in many cases, they took leaps of blind faith and dot.com became dot.bomb. People like to do what they have always done, even if they could save themselves time and effort by doing things differently. This is especially true in procurement!
The concept of invisible workflow breaks away from traditional models of complex process maps and visible automations understood only by IT teams. Instead, its about creating processes so naturally embedded that they just happen driven by smart rules, real-time data, and AI-powered decisions. The challenge? The result?
Even Oracles Larry Ellison admits that the best they can hope to achieve is a near real-time capability through this strategy. Andnear real-timeis not indicative of the true synchronized architectural requirements of a dynamic, agile enterprise. Do you practice Business @ The Speed of Thought? If not,why?
From extraction and processing to distribution and end use, managing the flow of resources like oil and gas requires more than logistical coordination; it demands financial precision, strategic foresight, and real-time adaptability. Originally written for Supply Chain Game Changer and published on June 5, 2025.
Heres why this matters toyou: Whether youre a small business owner, a team leader, or someone curious about streamlining workflows, understanding a can save time, money, and stress. See real-time updates (e.g., Shipment arriving Friday). The system stores details like delivery times, product quality, and pricing history.
ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.
AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1. We aim to improve supplier onboarding, ensure regulatory compliance (e.g.,
Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Comparing ProPurchaser and nnamu , two ProcureTech solution providers, involves evaluating their offerings, approaches, and strengths based on available information as of March 17, 2025.
No access to Real-Time or centralized data In a manual setup, data is often stored in scattered locations on paper, spreadsheets, or local databases, which makes it difficult for verifiers to access updated information instantly. Its a one-stop solution for checking vendor compliance at any moment.
Impact on PO Automation & Collaboration: Difficulties in real-time data exchange for PO confirmations, shipment tracking, and pricing updates. Solution Trend: Increased use of AI-driven procurement tools that enable automated order matching, supplier self-service portals, and real-time PO updates.
25 years is a long time in the software space! 13.25] From the uniqueness of workflows to real-timevisibility, some of the biggest challenges in the industry right now, as last mile strives to catch up with changing consumer expectations. Phillip lives in Phoenix, AZ, with his wife. But you cant do that today.
.” Ask Chat GPT 4 simple questions, and then tell me why maps and quadrants and solution provider logos matter: What were the top 10 procuretech solutions in 1995, 2005, 2015, and 2025? Significance : Their tools helped organizations achieve greater visibility and control over their procurement processes.
This will allow companies to have more visibility into their inventory, improve their cash flow and provide them with an overall better understanding of where they stand in relation to their customers’ needs. Real-TimeVisibility and Responsiveness to Unstuck Supply Chains. Distributed Data Is Efficient.
Since no direct reference to a learning loopback process exists in Hansens blog, Ill interpret the question through his lens, inferring how self-learning algorithms might fit into his Metaprise model, particularly for procurement challenges like those in cosmetics and coffee under 2025 tariffs. Department of Defense). cosmetics suppliers $0.32/unit
By automating these processes, businesses can reduce human error, improve data accuracy, and accelerate time-to-market for new products and services. These time-consuming processes delay the entire onboarding experience, making it harder for businesses to respond quickly to vendor needs. This leads to delays and miscommunication.
Hansens agent-based Metaprise Model directly addresses the core concerns of Chief Procurement Officers (CPOs) by combining human-AI collaboration, real-time adaptability, and ecosystem-wide integration. Example: A global manufacturer unified JD Edwards, NetSuite, and IFS workflows using agents, reducing procurement cycle times by 35%.
Download Free Copy Sage Intacct Accounts Payable: Everything You Need To Know Category Accounts Payable Written by Mary Girsch-Bock 17 min read Tags AP Automation SaaS Sage Intacct Last edited March 11, 2025 Download PDF KEY TAKEAWAYS It streamlines invoice processing, approval routing, and payment management to improve efficiency and reduce errors.
The company saved 700 man-hours annually on admin and increases its share of certified suppliers by 20% Madrid, 13th May 2025 JAGGAER bolsters the digitalisation of procurement processes at Cosentino, a Spanish family-owned company with an international presence and a world leader in the production of surfaces for architecture and design.
The holiday crunch intensifies as consumer demands spike, leading to logistical complexities and inventory management issues. Thank you for joining us,and we look forward to bringing you more valuable content in 2025.
Risk Mitigation: Real-time supplier risk scoring (e.g., Tech Modernization: Automates 70-80% of P2P tasks, cutting $15K-$400K in legacy waste and enhancing visibility across Chevrons operations. emissions, diversity) across the lifecycle, ensuring 95%+ compliance with EPA and EU rules, critical for Chevrons 2025 goals.
Evidence: Hansens RAM philosophy (Procurement Insights, 2025) advocates lean tools ($1M-$5M savings) over bloated suites ($10M-$20M), aligning with this efficiency. Impact: Ensures 95-100% usage by adapting to real-time requirements, avoiding static S2P features that lag (e.g., unused tariff tools post-2024).
using e-procurement for visibility) support organizations facing disruptions. Critical Perspective Hansens practical experience and focus on relationships through Procurement Insights make him the most valuable for organizations seeking actionable procurement strategies in 2025. His practical tech insights (e.g.,
Today, Josh Allen, Chief Commercial Officer at ITS Logistics joins me to talk all about ITS Logistics and what they do; how theyve evolved alongside the industry over 25 years; the logistics challenges and opportunities shaping 2025; and how ITS are providing strategic capacity and smart solutions for the industrys complex needs.
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