ERS

In 2025 , AI- powered procurement solutions are expected to increase transaction speeds by

UP

40 %

TO

and significantly reduce operational costs

CLOSE TO

11 %

of the organisations spent more than US $ 1mn of their annual budgets on Gen AI capabilities for sourcing and procurement in 2024

Accelerating digitalisation ranks highest among procurement priorities for the next 12-18

11 %

of leaders emphasise AI adoption