AI IN PROCUREMENT
HEADQUARTERS: SAN FRANCISCO, US NUMBER OF EMPLOYEES: ~ 750
Security receives particular focus from Pierre. SpendHQ’ s“ hybrid approach” means clients can host the platform in the cloud for speed or“ on their own infrastructure” for compliance and data sensitivity. The platform is“ model agnostic, LLM agnostic” – companies can even hook agents to internally trained models for absolute control over where data lives and how it’ s processed.
The window for strategic advantage Ironclad closes its report sharply:“ The experimentation phase served its purpose. The question now is whether procurement organisations will learn from their success or spend another year piloting what’ s already been proven to work.”
The 80 % adoption rate for AI in contracting might seem like evidence that the opportunity has passed – that this is now table stakes rather than competitive advantage. But the variation in benefit scores and application sophistication suggests otherwise.
The data is clear; the vendors are ready. The question is whether procurement organisations will learn from the 80 % who’ ve already moved forward – or spend another year piloting what’ s already been proven to work.
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