Procurement stories

Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.

AI-driven procurement by Globality and HFS Research shows Global 2000 firms boosting productivity by 70% and cutting costs by 20%, enhancing efficiency.

MACH – Microservices, API-first, Cloud-native, and Headless – transcends tech jargon, offering organisations the agility and scalability needed in modern MarTech stacks.

Beroe has made a strategic investment in Forestreet, enhancing its AI-driven procurement intelligence with advanced supplier discovery technology. Vel Dhinagaravel joins Forestreet's board.

Nearly a third of UK businesses fell victim to invoice fraud in the past year, with only 39% preventing fraudulent payments.

Cegid integrates generative AI into its Cegid Retail solutions, showcased at Cegid Connections Retail in Rome, aiming to transform retail with intelligent agents.

Boomi's latest global study, sponsored by IFS and conducted by IDC, underscores the urgent need for composability in enterprise software to combat challenges from outdated systems, per 1,000 surveyed execs.

Indosat Ooredoo Hutchison and Google Cloud are deepening their partnership to transform Indosat into an AI-driven tech enterprise, enhancing service for over 100 million customers.

Manchester's Sync wins spot on HeathTrust Europe's £6 billion ICT Solutions Framework, joining 10 other suppliers to deliver digital solutions.

McConnell Dowell partners with TechnologyOne to bolster Melbourne's key infrastructure projects through a GBP £45 million investment in cutting-edge SaaS technology.

Ingram Micro launches a new AWS Marketplace DSOR feature, aiming to help partners streamline sales cycles and elevate cloud solution development and selling.

Ivalua to digitise NCC Sweden’s supply chain with advanced risk and performance management, aiming to curb annual revenue losses of up to 15%.

Anglicare Southern Queensland has named Cynthia Hanley as its new CFO. Hanley, with over 20 years' experience, aims to bolster sustainability and modern practices at the not-for-profit organisation.

COVID-19 has highlighted the fragility of global supply chains, pushing Western nations to reshore production for increased resilience, economic benefits, and sustainability.

Victoria's Central Highlands Water engages Infor CloudSuite Public Sector for digitisation, predicting streamlined budgeting and reporting.

Virtual payments leader Conferma boosts its strategic expansion plan, appointing seasoned fintech executive Kriya Patel as new Non-Executive Director amid significant company rebranding.

Silvério Governo of Portt discusses the company's innovative approach to procurement and spend management, addressing sector-specific challenges and leveraging technology.

Procurement teams face challenges of compliance, supply chain risk, savings focus and securing approval for technology investments, impacting an organisation's business success.

Paris-based start-up Mindee introduces AI-driven tool docTI, revolutionising document processing in SaaS products by bypassing data model training, boosting tech industry efficiency.

Outdated technology and lack of understanding at board level could be causing enterprises to miss out on advantages of modern software.