Procurement news and trends

Spendesk Adds Procure-to-Pay Solution for European Small Businesses
SMBs // 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 (SMBs) of up to 1,000 employees, the company said in a Tuesday (Oct. 22) press...

Procurement Startup Zip Valued at $2.2 Billion After $190 Million Funding Round
Investments // 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 procurement technology in more than 20 years, according to a Monday (Oct. 21) press release....

Buyers’ Market, Sellers’ Strategy: Business Payments Networks Tackle Age-Old B2B Dilemma
B2B Payments // October 16, 2024

The bench of B2B payment mechanisms is becoming deeper. From technologies like virtual cards and tokenization, real-time payments and beyond, businesses have a wide array of tools at their disposal. But when the whistle blows, many businesses trot out the same old paper processes and...

White House Issues Guidance for Federal Agencies’ Procurement of AI
artificial intelligence // 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 in the “Advancing the Responsible Acquisition of Artificial Intelligence in Government” memorandum (M2418) — builds...

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
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 (SMBs) of up to 1,000 employees, the company said in a Tuesday (Oct. 22) press release. The launch of the procure-to-pay solution comes six months […]

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...

Amazon Doubles Down on SMB Focus With Business Prime Rewards

October 02, 2024
Amazon Business, the branch of Amazon that offers businesses wholesale and procurement solutions, is rolling out Business Prime Rewards. The program is exclusive to Business Prime members and allows them to...