Gartner Analyst Research - How Generative AI Progress Will Shape the Future of Procurement
With new model releases and additional functionality, generative AI is progressing rapidly.
Generative AI's Impact on Procurement: A Gartner® Report
This Gartner research delves into how Generative AI will transform procurement and the potential challenges that Chief Procurement Officers (CPOs) may encounter in the future. Raindrop, with its AI-enabled Source to Pay platform, has been at the forefront of this AI revolution from its inception, after all – it’s even in our name!
Read about the impact, including how:
- Agentic reasoning will enable autonomous decision making
- Multimodality will make AI more intuitively consumable
- AI agents in procurement will emerge to shift the role of people in the procurement process
Raindrop has integrated AI throughout our solution. This includes Generative AI to streamline contract creation, summarize sourcing events, and expedite procurement decisions. Additionally, our AI Agent Rain can create requisitions, initiate sourcing events, provide invoice status updates, and alert users about expiring contracts.
Gartner Disclaimer:
Gartner, How Generative AI Progress Will Shape the Future of Procurement, October 2024
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