Procurement/page/7 news and trends

Data Quality: The Unsung Hero of AI-Powered B2B Procurement
artificial intelligence // December 09, 2024

An efficient business-to-business (B2B) procurement process can separate the wheat from the chaff. Procurement has the potential to become a strategic lever for value creation and protection, going beyond traditional cost, quality and delivery metrics. With the news that Feenix.ai has integrated with Buy with...

Prima to Expand Supply Chain Integrator Offering Across North America
Investments // December 06, 2024

Mexico City-based Prima has raised $23 million in funding to expand its offerings as a manufacturing and supply chain integrator across North America. The latest funding brings Prima’s total funding, including previously undisclosed rounds, to $42.5 million, the company said in a Friday (Dec. 6)...

3 Ways B2B Innovation Is Embedding Holiday Magic Into Supply Chains
B2B Payments // November 19, 2024

During the chaotic holiday season, delays can derail operations. Streamlined logistics, on the other hand, can make peak periods immensely profitable. And as the holiday season peeks its head around the corner, businesses are bracing themselves for the surge in spending — potentially $240.8 billion in the...

Global Growth and Painless Payments Headline This Week in B2B
B2B Payments // October 24, 2024

As the monthlong B2B Payments: Outlook 2030 event has revealed, the future of B2B payments is fast, global and all about innovation. Still, uncertainty remains an invisible expense on nearly every company’s ledger. Finance teams are scrambling to maintain control while juggling cash flow concerns,...

Interviews & Exclusives
Data Quality: The Unsung Hero of AI-Powered B2B Procurement

December 09, 2024
An efficient business-to-business (B2B) procurement process can separate the wheat from the chaff. Procurement has the potential to become a strategic lever for value creation and protection, going beyond traditional cost, quality and delivery metrics. With the news that Feenix.ai has integrated with Buy with AWS, offering custom storefronts for streamlined software procurement, simplifying AWS […]

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...

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....

Quick Reads
Prima to Expand Supply Chain Integrator Offering Across North America

December 06, 2024
Mexico City-based Prima has raised $23 million in funding to expand its offerings as a manufacturing and supply chain integrator across North America. The latest funding brings Prima’s total funding, including previously undisclosed rounds, to $42.5 million, the company said in a Friday (Dec. 6) press release. Prima uses a technology-first model to manage every […]

Spendesk Adds Procure-to-Pay Solution for European Small Businesses

October 23, 2024
Spendesk launched a procure-to-pay solution designed alongside the company’s existing spend management platform. The resulting fully integrated procurement and spend management tool is designed for European small– to medium-sized businesses...

Procurement Startup Zip Valued at $2.2 Billion After $190 Million Funding Round

October 21, 2024
Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023). The investment is one of the largest in...

White House Issues Guidance for Federal Agencies’ Procurement of AI

October 04, 2024
The Office of Management and Budget (OMB) has released guidance to help federal agencies manage risk and performance when procuring commercially provided artificial intelligence (AI) products. This guidance — provided...