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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.

Ivalua unveils Intelligent Virtual Agent to automate end-to-end Source‑to‑Pay

Ivalua detailed its new AI-based Intelligent Virtual Agent (IVA), describing it as a fully agentic system that can execute any Source‑to‑Pay process from day one, orchestrating sourcing events, supplier interactions and workflow automation for procurement teams.

Procurement Magazine

Enterprise AdoptionJun 16, 2026

Eurowag Modernises AP and Spend Management with Coupa, Rossum and Accenture

Mobility solutions provider **Eurowag** implemented a modernised AP and spend management stack built on Coupa and Rossum, supported by Accenture, to automate invoice capture and unify spend visibility. The deployment focuses on AI-first document processing and end-to-end workflow

Procurement Magazine

OtherJun 15, 2026

This Week's Top Five Stories in Procurement

Procurement Magazine’s weekly roundup spotlights the week’s most notable procurement stories, including coverage involving Accor, Amazon, McCormick and Kering. It is a useful catch-all digest of current procurement news flow.

Procurement Magazine

Enterprise AdoptionJun 14, 2026

Switch Secures Expanded US$10bn Credit to Underpin AI Data Centre Power Procurement

Data centre operator Switch has extended its credit facilities to US$10bn to support long-term energy procurement and utility partnerships for AI data centre campuses.[7] The financing underwrites large-scale power purchase and grid-connection commitments that are becoming prereq

Procurement Magazine

Enterprise AdoptionJun 13, 2026

UPS Invests US$50m in Automated Procurement-Ready Logistics Network

UPS announced a US$50m investment in network upgrades, including RFID-driven procurement visibility and cross‑border automation, to tackle procurement challenges such as border delays and poor supply chain transparency. The initiative is designed to give enterprise shippers and p

Procurement Magazine

Product LaunchesJun 12, 2026

Ivalua Launches IVA Studio, Redefining How Procurement Works with AI

Ivalua unveiled **IVA Studio**, an AI workbench that lets enterprises design and orchestrate AI agents across sourcing, supplier management and spend workflows on its unified procurement platform, aiming to embed generative and predictive AI directly into day‑to‑day procurement p

PR Newswire

Enterprise AdoptionJun 11, 2026

Tractor Supply taps AI to help scale last-mile delivery network

Tractor Supply is using AI tools to help managers build delivery routes and improve delivery-time estimates. The company says additional AI-driven improvements are in development for its last-mile network.

Supply Chain Dive

Product LaunchesJun 10, 2026

Ramp hits US$44bn valuation and launches AI-powered procurement and spend tools

Fintech firm Ramp reached a US$44bn valuation as it introduced new automated procurement features, AI-based token and spend tracking, and an integrated accounting ecosystem aimed at helping global enterprises manage sourcing, approvals and spend under a single platform.

Procurement Magazine

Product LaunchesJun 9, 2026

Verdantix launches Atlas platform to help CPOs de-risk AI software procurement

Research firm Verdantix launched **Atlas**, an analyst-designed digital platform to guide enterprise technology buyers through AI and software procurement, helping them compare vendors, validate marketing claims and structure buying decisions.[5] The tool is aimed at CPOs and CIO

Procurement Magazine

Contract IntelligenceJun 8, 2026

Latest Contract Management News: From Digitisation to True Contract Intelligence

Procurement Magazine’s refreshed **Contract Management** section argues that in 2026 the gap between basic contract digitisation and advanced contract intelligence has become a multi‑trillion‑dollar differentiator for global procurement teams.[9] Coverage focuses on how AI‑driven

Procurement Magazine

FundingJun 7, 2026

Vertice acquires Vendr to create the world's largest procurement intelligence dataset

Vertice announced on June 1, 2026 that it is acquiring Vendr, combining software pricing data with procurement intelligence to support autonomous AI negotiation. The company says the merged dataset will be the largest of its kind in procurement.

PR Newswire

Product LaunchesJun 6, 2026

ADR International launches GenAI virtual tutor to upskill procurement professionals

ADR International introduced what it calls the world's first generative AI virtual tutor for procurement, built with CodeBaby technology to provide on-demand training, coaching, and scenario-based lea

PR Newswire

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