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Finance and accounting (F&A) are critical to the operational eciency and strategic decision-making of any business. The advent of artificial intelligence (AI) presents a transformative opportunity for these functions. This article analyzes manual, analytical, and strategic activities within these functions and determines the most optimal AI adoption roadmap.

Gone are the days when procurement was just about pinching pennies. Thanks to AI, it's now stepping into the spotlight as a key player in shaping business strategy. In this webinar, we'll dive into how AI is shaking things up in the world of procurement. We'll explore how these smart tools are revolutionizing financial decision-making, from predicting spending patterns to foreseeing market trends. Whether you're a procurement pro or just curious about the buzz, you'll learn how AI can turn your procurement team into financial fortune-tellers and strategic superstars. Get ready to discover how to harness AI's power to streamline operations, build stronger supplier relationships, and make your procurement function the talk of the C-suite.

Speakers:

• Frank Musero, Deputy Head of Production, ProcureCon
• Gaurav Tandon, Software Engineering Fellow, BILL
• Jeff Ball, Chief Procurement Officer, MediaNews Group
  

This report examines the evolving collaboration between Chief Procurement Officers (CPOs) and Chief Information Officers (CIOs), as well as their respective departments. The findings reveal that while collaboration between procurement and information technology (IT) departments is generally effective, there are notable gaps in preparedness for advanced technologies like artificial intelligence (AI).

Artificial intelligence has the potential to completely change how procurement teams operate, as it will enable them to streamline processes, remove manual tasks, and generate unprecedented intelligence about the supply chain. Nonetheless, many procurement leaders are still struggling to adopt and implement AI, while others are struggling to keep up with the rapidly maturing technology. This report will explore how effectively procurement teams are currently leveraging AI, as well as their plans for the technology in the future.

Procurement leaders face multiple challenges in their efforts to implement and generate value from AI technology. Data silos, internal skepticism, and the inability to identify specific use cases are some of the most common barriers to adoption. This eBook contains insights from a recent discussion between leaders from Asana and Coupa about practical AI applications in procurement. Here, readers will gain actionable insights into how they can implement AI to improve specific segments of the procurement function and scale their projects to create additional value.

This eBook is based on a recent webinar hosted by GEP about the value of total procurement orchestration and its impact on the future of procurement. Featuring insights and suggestions from leaders at GEP, the eBook explores recent trends in the procurement function, the shift in procurement driven by AI advancements, and the role of procurement orchestration in addressing key challenges. Readers will also learn about GEP’s approach to total procurement orchestration, which spans intake management, end-to-end source to-pay processes, and cross-domain orchestration, enabling procurement to become a strategic enabler of business value.

This report features insights from a discussion during a 2024 webinar between Cijo Joseph, Chief Technology and Digital Officer, and Shaun Carroll, Chief Procurement Officer, both from Mitie, a leading UK facilities management company. During the discussion, the leaders noted that Mitie’s data capabilities were made possible through a data lake approach and by their implementation of Coupa spend management software, which helped them eliminate silos and significantly improve decision-making.

This report presents the findings of the ProcureCon 2025 Chief Procurement Officer Survey, which gathered insights from 100 industry leaders across supply chain, procurement, and risk management roles.

The survey reveals a shift in the strategic importance of Chief Procurement Officers (CPOs) within organizations, with 53% of respondents reporting that their CPOs play a more substantial role in high-level decision making. This represents a significant increase from last year’s study, in which only 46% of the respondents said the same.

Inside, we'll delve into various aspects of the evolving CPO role, including strategic partnerships, technology initiatives, and future challenges, providing a comprehensive outlook on the changing landscape of procurement leadership.

This report presents an insightful exploration of the exciting future of Artificial Intelligence in the realm of procurement, as discussed by GEP technology leaders. It delves into essential advancements from rule-based AI to generative AI, and how these transformations are reshaping the interactions between sourcing managers and AI tools, particularly in the context of RFX engagements and negotiation assistance. Finally, the report highlights key recommendations for adopting AI in procurement processes.