Gartner Insights : Hype Cycle for Procurement and Sourcing Solutions, 2024

AI is transforming procurement—are you keeping up? The 2024 Hype Cycle highlights how AI-driven sourcing, predictive analytics, and procurement orchestration are reshaping supplier management, cutting costs, and boosting efficiency.  

Key Insights:

✅ AI adoption is accelerating – 70% of procurement teams use AI for sourcing, contracts, and analytics.

✅ Automation eliminates inefficiencies – AI removes manual tasks, speeds cycles, and ensures compliance.

✅ Predictive analytics enables smarter decisions – AI helps forecast trends and mitigate risks.

📢 OpenEnvoy is recognized as a vendor under AP Automation.

Stay ahead of the AI revolution in procurement. Download the full report now!