Unlocking deep value: The impact of agentic AI on S2P

As purchase orders and contract values reduce in size, there is less value to be obtained through applying professional procurement rigour. Eventually, the point is reached at which the cost of extracting the value exceeds the value itself.

However, artificial intelligence in the form of generative large language models and autonomous AI agents can successfully take on a wide range of procurement activities, deploying human-like skill and competence at a fraction of the cost. This is transforming the thoroughness and depth with which procurement is carried out – extracting lost value by treating tail spend with a rigour comparable to strategic spend.

Download Unlocking deep value: the impact of agentic AI on source-to-pay published in partnership with Procurement Leaders, to gain insights into:

• The potential impact of AI on procurement processes including sourcing, contract management and P2P.
• How AI can maximise existing sources of value – and open up opportunities that have did not previously exist.
• Quantifying the potential ROI of implementing artificial intelligence.