Procurement stories - Page 6

Shadow spend drains UK firms' margins, with £1 in every £10 untracked, but AI and automation offer promising solutions to boost spend visibility and control.

Workday has launched new Illuminate AI agents to boost HR and finance productivity, streamlining hiring, contracts, and frontline worker support.

Siemens Digital Industries Software will acquire Wevolver to enhance its Supplyframe platform and expand its reach to millions of engineers worldwide.

Peter Budweiser of Celonis urges that visibility and real-time data are essential for transforming supply chains amid ongoing global disruptions.

Oracle has revealed that major engineering firms including Black & Veatch and WSP Global are using its Fusion Cloud Applications to boost operational efficiency.

Palo Alto Networks has reached USD $1.5 billion in sales through Google Cloud Marketplace, underscoring its commitment to cloud and AI security advancements.

Payhawk has unveiled the AI Office of the CFO, a new suite of AI agents aimed at enhancing finance teams' efficiency by automating critical tasks.

ISMS.online has unveiled a new integrated SOC 2 solution, aiming to streamline compliance for organisations and foster greater market confidence.

The London School of Economics has partnered with Globality to enhance procurement efficiency using AI technology amid budget pressures in higher education.

Worley partners with Dell Technologies to launch an AI Factory, aiming to revolutionise project delivery and enhance innovation within sustainable energy.

As we celebrate International Women's Day, procurement emerges as a strategic career path for women, offering innovative roles and significant growth potential.

Globality has enhanced its Glo AI Agent, introducing advanced pricing analysis tools aimed at helping Global 2000 firms optimise decision-making and reduce costs.

The rise of artificial intelligence is reshaping procurement and cybersecurity, as firms look to harness its potential while safeguarding critical data.

A recent Gartner survey reveals CFOs are broadening their roles, now heavily involved in data analytics, risk management, and AI strategies, enhancing enterprise profitability.

Vertice has secured $50 million in Series C funding, boosting its total to over $100 million, aimed at enhancing global procurement processes.

FourKites has launched its Intelligent Control Tower, leveraging real-time data and AI to transform supply chain management and enhance operational efficiency.

Verizon and Honeywell have unveiled a strategic partnership to deliver a bundled technology solution, enhancing efficiency for retail and logistics firms.

As inflation and uncertainty strain budgets, businesses are turning to Zero-Based Everything, a strategy promising savings of 10-25% and up to 50% in procurement.

A Gartner survey reveals that 72% of procurement leaders are prioritising GenAI integration, marking a pivotal shift towards strategic decision-making.

Exponential-e has been named a supplier on the Crown Commercial Service's G-Cloud 14 Framework, offering 48 cloud-based services to the public sector.