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ERP and eProcurement show steady adoption, while RPA and AI ramp up in the 2010s and 2020s. eProcurement surged early (2007–2015) but slowed thereafter. Spreadsheet usage declines gradually but remains resilient until 2025. ERP systems exhibit steady growth, reaching a plateau of around 45–50%.
And don’t miss the soon to be published: Agents or no, AI or no — Are you performing the full scope of the eProcurement function? “AI This article is a reminder that automation does not eliminate the need for execution. It raises the stakes for doing it right. AI or not, agents or not, procurement still has a job to do.
Technology Optimization: 2018 Perspective: The focus was on adopting eProcurement systems, electronic sourcing, contract management, and total supply management to automate functions and create efficiencies. Here is an evaluation of each trend discussed in the article: 1.
Chronicles everything from early eProcurement debates and ERP fiascos (e.g., Procurement’s Historical Memory & Digital Archive Often referred to as the “memory of the procurement industry” , the blog contains more than 4,000 articles , interviews, and cross-sector case studies dating back to the mid-2000s.
This includes leveraging tools such as digital sourcing platforms, eprocurement software, contract lifecycle management (CLM), supplier management, data analytics, and artificial intelligence (AI) to streamline procurement operations.
Unimarket is a cloud-based P2P platform that streamlines eprocurement, invoicing and supplier management. This Spend Matters Vendor Analysis provides an overview of Unimarket and its procure-to-pay (P2P) solution. It offers an integrated suite of tools designed to enhance efficiency, control costs and ensure compliance.
Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Even if the adoption rate is superficially high for transactional processes such as eProcurement, the organization will then be unlikely to capture the strategic benefits of spend analytics, improved supplier collaboration etc.
eProcurement: Purchasing departments and individual users want an efficient and modern online shopping experience with the ability to view and compare items seamlessly. Now we move to the downstream P2P activities where sourcing efforts translate into execution, ensuring seamless procurement and payment processes that support strategic goals.
Technological Proficiency and Digital Transformation Technology continues to play an important and increasing role in procurement, with many modern procurement skills based around the implementation of novel technologies such as artificial intelligence (AI) and blockchain.
Were rolling out more AI features and embedded intelligence where procurement needs it most their daily tasks to empower them to be more productive, make better decisions, and collaborate effectively to achieve bottom line impact. release includes improvements for Source-to-Contract (S2C).
While I will read the entire guide, I will focus on the chapter on eProcurement. State and Local Government Procurement – A Practical Guide, 4th Edition – by NASPO I have just received access to a copy of NASPO’s State and Local Government Procurement: A Practical Guide, 4th Edition, to review.
Integration with sourcing, eProcurement, payments, contracts, category management, and other S2P functions—as well as ERP accounting systems—is essential. For this reason, a modern, holistic supplier collaboration solution should not be a standalone system, and the data should not be siloed.
E-procurement is a digital process spanning the entire procurement lifecycle, from sourcing and contracting to ordering, invoicing, and payment. Unlike basic online purchasing tools, a sophisticated e-procurement system provides an integrated solution that connects all procurement functions.
Instead, he argues that success is more likely when the organization itself leads the project, as was the case with Virginia’s eVA program and the County of Santa Clara’s approach to eProcurement, where strategic oversight and internal control, rather than reliance on external vendors, drove successful outcomes.
Citing actual case studies, including those of the City of Houston and Kings County, it is ironic that, against the backdrop of SAP’s current move towards offering a SaaS-based model, the relevance of these failed projects takes on even greater significance.
eProcurement solves this by embedding controls into the buying experience itself. By contrast, when proper controls are missing, organizations can experience maverick spend, delayed approvals, and a lack of visibility into what’s being purchased and why.
Does your procurement system consist of a piece of paper thats passed around until it eventually ends up in a dusty folder? Or does your department keep track of everything in a spreadsheet system that's just as easily lost in electronic sub-folders, if you remember to save it at all?
Comprehensive eProcurement platforms were not yet prevalent. PeopleSoft eProcurement : Before its acquisition by Oracle, PeopleSoft offered eProcurement solutions that streamlined purchasing processes for organizations. What were the top 10 procuretech solutions in 1995?
ERP (Enterprise Resource Planning) implementations can help and hurt procuretech solution implementations, depending on how theyre executed, aligned, and prioritized within an organization. As of March 3, 2025, the interplay between ERPs (e.g., SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g.,
eVA, Virginia’s eProcurement Program , knew this back in 2007 when the tech wasn’t as robust as it is today – [link] Instead of company names, we should know the names of the people behind each one.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on the year and prepare for the new year ahead.… … The post Best Of 2024: Can Amazon “Reshape” the Procurement Industry?
Here is an excerpt from the review of my 2004 paper stating that technology is irrelevant: “Yes, Jon Hansen has expressed the view that technology, in isolation, is “irrelevant” in achieving successful outcomes in procurement and eProcurement initiatives.
A big IT project has been all over the news in Sweden recently. Two regions (a region is a fairly large public entity that is responsible for public healthcare and… The post Magnus Mondays — When Procurement Tech Projects Fail appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Categories for the Pro-to-Know recognition include but are not limited to Supplier Management, Sourcing, Contract Management, eProcurement, Form Requests, and AP Automation. I encourage you to connect with these Pros to discover strategies for improving user adoption and maximizing solution value.
[**Today, we’re running a “best of” Magnus Mondays post, reprising a popular topic of the series. Magnus returns next week with new content for February.]
Instead, he argues that success is more likely when the organization itself leads the project, as was the case with Virginia’s eVA program and the County of Santa Clara’s approach to eProcurement, where strategic oversight and internal control, rather than reliance on external vendors, drove successful outcomes.
Difference Between Procure to Pay and eProcurement. Eprocurement or e-procurement comes from electronic procurement. Benefits of an eProcurement Solution. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.
The post Why Biotech Companies Use eProcurement appeared first on ProcurePort Blog. Today’s biotech industry consists of companies that develop medical devices and diagnostics, biomaterials, biofuels, pollution control, and similar materials.
ProcureVue, Requis Inc, Rosslyn, SAP, Sievo, Simfoni, Sirion, SpendHQ, Spendkey Limited, Spendscape by McKinsey, Suplari, Tradeshift, Vroozi, Yooz, Zapro AI List of all providers that provided inputs on AI in eProcurement: askLio, Basware, CategoryAI Inc., The post Meet AI in eProcurement appeared first on Spend Matters.
eProcurement solutions are helping government agencies not only overcome those challenges but create new efficiencies never before possible, manage spend more effectively and deliver more value to the public. The post Highlighting the Impact of eProcurement in the Public Sector appeared first on Ivalua.
New capability optimizes the user eprocurement experience and strengthens supplier relationships. Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the launch of next generation eprocurement capabilities at its Ivalua NOW event. ” More information: [link].
Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. Users need to have a say in how the eProcurement system will meet the agency’s current needs and how it will evolve to stay effective in the future. User Acceptance Testing.
UAE-based System Integrator and Digital Enabler will be a partner for Ivalua’s eProcurement solution in the United Arab Emirates and Saudi Arabia. Dubai, UAE, 15 November 2022. Raqmiyat , a leading system integrator and digital enabler, is pleased to announce the partnership with Ivalua , a global leader in spend management.
Our analyst notes particular market movements in AP/I2P, P2P and eProcurement. But it's not just about changes at scoring level for vendors in a particular field. The observations are also about the scope covered by a vendor and the market. Read more. ).
The scope of the project includes a number of modules such as supplier relationship management and risk, sourcing, and eProcurement, including guided buying. “We
If you’re planning a transition to eProcurement, you’ve likely come up against the question “who should pay for this?” With so many competing priorities and budgetary constraints, when does it make sense to go with a vendor-paid eProcurement model? What is vendor-paid eProcurement? And for good reason. powered by Sounder.
Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements. Redwood City, CA, 20 April 2023.
What is eProcurement software and what impact can it have on your business processes? eProcurement, or electronic procurement represents a shift in how businesses requisition and purchase goods and services.
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