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What is Procure Ai?

Procure Ai gives enterprise procurement teams an agentic operating system: 40+ specialised AI agents that run source-to-pay work rather than only advising on it. The agents cover spend analytics, generative intake, autonomous sourcing and negotiation, strategic sourcing, supplier management, purchasing operations and tail spend. Routine volume is handled end to end - spend classified, requests routed, RFQs run, suppliers negotiated with and kept current - while anything needing judgement is escalated with the reasoning attached. Procure Ai connects to the ERP and P2P stack already in place, so fragmented buying data resolves into a single view of spend. It is built for the tail: the low-value, high-count categories most suites leave unmanaged because the manual cost to serve outweighs the saving. Kärcher, DMG MORI, EnBW, Dr. Oetker and Diebold Nixdorf are among the enterprises managing more than €50bn in combined annual spend on the platform. Founded 2020, headquartered in London.

What is Ivalua?

The Source-to-Pay (S2P) process encompasses a detailed series of actions that connect organizations with their suppliers, starting from the selection of appropriate suppliers to meet particular requirements, and progressing through negotiations and contract finalization for the procurement of goods and services. Ultimately, this sequence wraps up with the invoicing and settlement of payments to these suppliers. Beyond the basics, S2P integrates strategic procurement elements such as spend analysis, sourcing, contract oversight, and supplier management, which includes evaluating supplier data, assessing risks, and measuring performance. It also incorporates downstream procedures like electronic procurement, managing purchase orders, automating invoices, and handling accounts payable tasks. By utilizing the Source-to-Pay framework, organizations aim to reduce costs, manage risks more effectively, stimulate innovation, strengthen supplier relationships, and fulfill various strategic goals. Furthermore, Ivalua’s Source-to-Pay platform enhances and digitally transforms the entire procurement process across diverse categories of spending and supplier interactions, boosting both efficiency and effectiveness. This comprehensive methodology not only enables companies to adapt swiftly to market fluctuations but also optimizes their entire supply chain management processes, ultimately leading to improved overall performance.

Media

Media

Integrations Supported

Coupa
SAP Ariba

Integrations Supported

Adobe Acrobat Sign
Beamy
Docusign
Entrio
Fairmarkit
IntegrityNext
Leah
Procure Ai
Punchout Catalogs
Shortways
TCS ADD
TCS CHROMA
TCS HOBS
TCS MasterCraft DataPlus
TCS MasterCraft DevPlus
TCS MasterCraft TransformPlus
TCS OmniStore
TCS Optumera

API Availability

Has API

API Availability

Pricing Information

Contact sales
Procure Ai is licensed as an enterprise software subscription. Pricing is scoped to the agents and capabilities deployed and the number of connected source systems. Contact sales for a quote.

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Procure Ai

Date Founded

2020

Company Location

London, United Kingdom

Company Website

www.procure.ai/

Company Facts

Organization Name

Ivalua

Date Founded

2000

Company Location

United States

Company Website

www.ivalua.com

Categories and Features

AI Procurement

Not specified

AI Tools

Not specified

Procurement

Bid Management
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Categories and Features

AI Procurement

Not specified

Contract Management

Contract Lifecycle Management
Electronic Signature
Pre-built Templates
Workflow Management

eProcurement

Not specified

Procurement

Asset Management
Auction Management
Budget Management
Catalog Management
Contract Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

Catalog Management
Compliance Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Spend Management
Supplier Management

Spend Analysis

Not specified

Spend Management

Expense Tracking
Procurement Management
Spend Analysis
Supplier Management

Vendor Management

Audit Management
Contact Management
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Performance Rating
Vendor Qualification Tracking

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