procure.blog

Platforms Spend Analytics Supplier Management Contract Intelligence Funding Partnerships Product Launches Enterprise Adoption Policy & Regulation Research Other

Loading…

Get the newsletter

AI procurement news, funding rounds, and platform launches. Twice a week, straight to your inbox.

procure.blog

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

The Month in Procurement: October 2026

Procurement Magazine reported that ORO Labs and SAP launched SAP Ariba Procurement Orchestration by ORO Labs, bringing agentic AI across enterprise systems. The roundup also noted FedEx’s agreements for 20 million gallons of sustainable aviation fuel at five US airports through 2

Procurement Magazine

FundingOct 29, 2026

Fragment Launches with $56 Million in Funding for Direct Procurement Automation

Fragment launched software designed for complex direct-procurement operations at manufacturers, distributors and energy companies. Its AI investigates and resolves purchasing and payment exceptions across existing systems, backed by $56 million in total funding.

Procurement Magazine

FundingOct 28, 2026

Naboo Acquires pro-ven to Lead Global M&E Spend Market

Naboo acquired UK meetings-and-events procurement company pro-ven, creating a combined platform managing approximately $300 million in meetings and events spend. The deal makes pro-ven Naboo UK and follows Naboo's $70 million funding round earlier in 2026.

Procurement Magazine

Product LaunchesOct 27, 2026

Oracle Introduces Claw-Powered Fusion Agentic Applications for Supply Chain

Oracle introduced agentic applications embedded in Fusion Cloud Applications, including a procurement-spend capability that analyzes spend, supplier agreements, and purchasing data. The application identifies maverick spend and contract leakage, quantifies savings opportunities,

PR Newswire

PartnershipsOct 26, 2026

CobbleStone Partners with Hatch Advisory to Advance Strategic Execution and Organizational Change

CobbleStone Software partnered with Hatch Advisory to support project management and change management for CLM technology implementations. The partnership is intended to improve adoption of CobbleStone’s contract management and procurement technology.

PR Newswire

Top Five Procurement Stories: Vertice, Innowise, UST, Ivalua

ResearchOct 25, 2026

nicklpass Selected for Engage Cohort 17, Delivering Scalable AI Spend Tracking to Fortune 500s

SaaS-management startup nicklpass joined Engage’s enterprise accelerator to expand software-license visibility and AI-spend accountability. The platform is aimed at finance, IT and procurement teams managing subscriptions, usage and renewals.

PR Newswire

PartnershipsOct 23, 2026

Visa, BILL and Billtrust Launch First Live Pilot for Trusted AI Agents

Visa, BILL, and Billtrust launched a live pilot allowing approved AI agents to initiate and complete buyer invoice payments through supplier portals. The pilot targets autonomous execution of controlled accounts-payable transactions.

Business Wire

Product LaunchesOct 22, 2026

Pactum Launches Intake Agent, Cutting Purchase Request Cycle Time by 90%

Pactum launched an Intake Agent that converts plain-language employee requests into coded requisitions and checks them against buying policies. The agent is available through Microsoft Teams, Coupa, and SAP Ariba.[1]

PR Newswire

Product LaunchesOct 21, 2026

SAP unveils AI innovations for SAP Ariba, SAP Fieldglass and SAP Concur

At SAP Connect 2026, SAP announced new spend-analysis and external-workforce assistants, a Moody’s supplier-risk integration, and SAP Ariba Procurement Orchestration developed with ORO Labs. The ORO Labs extension is expected to become generally available in November 2026.

SAP News

PlatformsOct 20, 2026

SAP Connect 2026 recap: Key takeaways for SAP Business Network suppliers

SAP highlighted its consolidated Business AI Platform and introduced a Business Network Assistant powered by Joule Agents. The assistant is designed to support buyer-supplier collaboration across sourcing, contracting, and exception handling.

SAP Community

FundingOct 19, 2026

Ramp Reaches $60B Valuation as It Pushes Deeper into AI

Ramp raised $1.85 billion in a new funding round, bringing its valuation to $60 billion. The expense-management company is expanding its AI capabilities across its broader finance and spend-management platform.

TechCrunch

PreviousPage 2 of 15Next

The Month in Procurement: October 2026

Fragment Launches with $56 Million in Funding for Direct Procurement Automation

Naboo Acquires pro-ven to Lead Global M&E Spend Market

Oracle Introduces Claw-Powered Fusion Agentic Applications for Supply Chain

CobbleStone Partners with Hatch Advisory to Advance Strategic Execution and Organizational Change

Top Five Procurement Stories: Vertice, Innowise, UST, Ivalua

nicklpass Selected for Engage Cohort 17, Delivering Scalable AI Spend Tracking to Fortune 500s

Visa, BILL and Billtrust Launch First Live Pilot for Trusted AI Agents

Pactum Launches Intake Agent, Cutting Purchase Request Cycle Time by 90%

SAP unveils AI innovations for SAP Ariba, SAP Fieldglass and SAP Concur

SAP Connect 2026 recap: Key takeaways for SAP Business Network suppliers

Ramp Reaches $60B Valuation as It Pushes Deeper into AI