Procurement news and trends

Zip Adds Generative AI Procurement Assistant to Spend Orchestration Platform
B2B Payments // June 26, 2024

Zip has added a generative artificial intelligence (AI) procurement assistant to its spend orchestration platform. The company has also added two other AI-powered capabilities — document extraction and intake automation — to help companies streamline procurement, Zip said in a Wednesday (June 26) press release....

Amazon Doubles Down on Procurement With New Business-Buyer Solutions 
Business // June 20, 2024

When the operating landscape is uncertain and dynamic, businesses must prioritize controlling for what’s controllable. And with the news Thursday (June 20) that Amazon Business, Amazon’s online business-to-business procurement store, has announced a number of new technology features designed to help large business customers simplify...

Airbase Adds Analytics, Vendor Management to Spend Orchestration Platform
B2B Payments // June 11, 2024

Airbase has added spend analytics and vendor management capabilities to its spend orchestration software designed for mid-market and larger organizations. These new features aim to help companies optimize spending by providing decision-makers with real-time insights into all spending, including accounts payable (AP), employee expenses and...

Can Virtual Cards Overcome Their ‘Achilles Heel’ of Supplier Acceptance?
B2B Payments // June 11, 2024

Virtual cards promise a revolution in B2B payments, offering efficiency and certainty in transactions, yet their adoption remains stymied by a critical bottleneck: suppliers’ reluctance to accept them. Despite a clear economic advantage, the uptake is far from the potential growth projected on the horizon,...

Interviews & Exclusives
B2B Marketplaces Unlock New Opportunities for Commercial Procurement

June 06, 2024
The B2B landscape finds itself on the cusp of a new, digital era. And with the news Thursday (June 6) that eCommerce platform Alibaba has launched a new B2B-focused marketplace solution, Alibaba Guaranteed, embracing the future of digital procurement is top of mind for buyers and suppliers across industries. That’s because while traditional B2B procurement […]

Why the World’s Biggest Buyer Relies on Online B2B Marketplaces

April 19, 2024
Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest...

Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 

October 11, 2023
Technology simplifies, at least that is its promise. That’s because, when effectively implemented, digital solutions can break down legacy silos and remove countless man hours from laborious and redundant processes....

Walmart Business Has a Plan to Boost SMB Cash Flow

September 11, 2023
Inflation remains top of mind for small business owners grappling with margin pressure. Ashley Hubka, senior vice president and general manager of Walmart Business, told PYMNTS in a recent interview...

Quick Reads
Basware Integrates With Amazon Business to Streamline Purchasing

July 01, 2024
Accounts payable automation and procurement solutions provider Basware announced an integration with Amazon Business. The collaboration is designed to streamline purchasing and procurement for customers, Basware said in a news release Monday (July 1). A new Amazon Business Integrated Search feature lets buyers search for items from Amazon Business and check out directly within Basware’s […]

Zip Adds Generative AI Procurement Assistant to Spend Orchestration Platform

June 26, 2024
Zip has added a generative artificial intelligence (AI) procurement assistant to its spend orchestration platform. The company has also added two other AI-powered capabilities — document extraction and intake automation...

Airbase Adds Analytics, Vendor Management to Spend Orchestration Platform

June 11, 2024
Airbase has added spend analytics and vendor management capabilities to its spend orchestration software designed for mid-market and larger organizations. These new features aim to help companies optimize spending by...

Bamboo Rose Introduces Supplier Relationship Management Capabilities

June 06, 2024
Bamboo Rose has added supplier relationship management (SRM) capabilities to its retail management platform. The new SRM capabilities joins the product lifecycle management (PLM) and supply chain solutions already offered...