PROCUREMENT TECHNOLOGY
Recent years have brought significant uncertainty for procurement, with global volatility reshaping how organisations manage spend and resilience. In response, procurement leaders and solution providers like Soldo and SpendHQ are leveraging technology, real-time visibility and AI-driven analytics to revolutionise spend management and deliver true strategic value.
This technological transformation is evidenced by major enterprises partnering with advanced spend analytics providers to unlock substantial cost savings and operational efficiencies.
Spend analytics is set to dominate the procurement analytics market in 2025, capturing 47.8 % of revenue, according to Future Market Insights. By revealing purchasing patterns and supplier costs, it helps organisations uncover savings, reduce risk and negotiate stronger contracts.
As supply chains grow more complex, companies increasingly depend on these tools for transparency and control. Advanced data integration and the ability to process unstructured data are accelerating adoption, making spend analytics essential to procurement transformation.
From efficiency to resilience Procurement has evolved well beyond traditional cost-cutting. Today’ s function centres on creating resilient, diversified supply chains, anticipating risks before they materialise, and supporting wider business objectives.
106 January 2026