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procure.blog

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

Monk adds automated corporate AP portal integration to its AI platform, closing procurement-system onboarding for suppliers

Monk, an AI-native accounts receivable platform, released third-party portal automation that directly integrates with more than 600 corporate AP portals to register suppliers, submit invoices into buyers’ procurement and AP systems, and resolve rejections and credential checks.[7

PR Newswire

Raiven launches Raiven 2.0 with patented Best Value sourcing for building-trades procurement

Product Launches

Aug 15, 2026

Raiven launches Raiven 2.0 with patented Best Value sourcing for building-trades procurement

Raiven released Raiven 2.0, embedding its patented Raiven Best Value sourcing engine directly into the platform to automate supplier quote collection, comparison, and sourcing decisions for contractors, extending capabilities out to the field to handle complex many-to-many contra

PR Newswire

Product LaunchesAug 13, 2026

GME Supply Launches Gearcor PRO, a Digital Procurement Platform Unifying B2B Purchasing Across Three Brands

GME Supply introduced Gearcor PRO to unify purchasing across three brands on a single digital procurement platform. The launch points to continued investment in consolidated buying experiences and procurement workflow digitization.

PR Newswire

Product LaunchesAug 12, 2026

The Cyber Exchange Launches Structured Sourcing and Guided RFP Platform for Cybersecurity, IT, and OT Services

The Cyber Exchange introduced a structured sourcing and guided RFP platform aimed at cybersecurity, IT, and OT services procurement. The release indicates a new procurement startup/product entry focused on complex services sourcing.

PR Newswire

ResearchAug 11, 2026

AI's Dual Role in Procurement Transformation

SAP published a procurement-focused article on how AI is changing procurement workflows. The piece is an analyst-style thought leadership item rather than a product launch, but it reflects current vendor positioning around AI-enabled procurement transformation.

SAP News

ResearchAug 10, 2026

AI-First Procurement: 2026 Research and Insights

Ivalua published research framing AI-first procurement as a model built on connected data, standardized workflows, and governance before agents can be trusted with real work. The piece is relevant analyst-style research for enterprise procurement teams evaluating AI adoption.

Ivalua

OtherAug 9, 2026

Arkestro Momentum Drives Leadership Growth and Appoints Industry Powerhouse Veterans

Arkestro announced leadership additions tied to its growth momentum. The release suggests continued commercial expansion for the procurement optimization vendor.

PR Newswire

OtherAug 8, 2026

Indigo IT Awarded NASA SEWP VI Government-Wide Acquisition Contract

Indigo IT said it was awarded NASA SEWP VI, a major government-wide acquisition contract. While this is not a commercial procurement-platform story, it is a notable procurement-tech and sourcing-services contract event.

Business Wire

Product LaunchesAug 6, 2026

Ironclad Launches AI Agents to Help Procurement Teams Save Money, Move Faster, and Manage Risk

Ironclad introduced new AI agents embedded in its contract lifecycle management platform that automatically triage and negotiate procurement contracts, aiming to accelerate sourcing cycles, reduce cost, and improve supplier risk oversight for enterprise buying teams.

PR Newswire

PlatformsAug 4, 2026

SOVRA Expands Leadership Team to Accelerate AI-Powered Public Procurement Platform

AI procurement platform SOVRA announced new senior leadership appointments aimed at accelerating rollout of its **AI-powered public procurement** and supplier discovery solution.[4] The company positions its technology to bring automated tender analysis, supplier matching, and co

PR Newswire

Product LaunchesAug 3, 2026

KT Automation Launches AI-Powered Industrial Procurement Platform for Engineering and Safety Buyers

KT Automation introduced an AI-powered procurement platform designed to help engineers, buyers, and safety managers quickly source industrial safety, security, and automation products by parsing scattered catalogues, PDFs, and vendor spec sheets.[4] The platform is now live and t

GlobeNewswire

ResearchAug 2, 2026

Vertice Named a Leader in IDC MarketScape: Worldwide AI-Enabled Spend Orchestration 2026 Vendor Assessment

Vertice said IDC MarketScape named it a Leader in the 2026 worldwide AI-enabled spend orchestration vendor assessment. The announcement positions Vertice in the fast-growing AI-enabled procurement and spend management category.

PR Newswire

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