Resources

Your AI Procurement Playbook to Reduce Costs & Increase Spend Efficiency

According to a KPMG report, AI can reduce procurement process costs by 47% and lead to time savings up to 80%.

If you’re not letting AI work for you, you’re behind—and it's time to catch up.

By eliminating manual effort, integrating swathes of spend data and market intelligence, and surfacing actionable insights from these sources throughout the procurement process, AI is helping finance and procurement teams make faster, more informed spend decisions.

In this playbook, you'll learn:

  • 3 procurement outcomes business leaders are prioritizing today
  • 3 practical ways teams are using AI (major emphasis on analyzing large datasets)
  • 5 tips to implement AI in your organization successfully

If you’re not letting AI work for you, you’re behind—and it's time to catch up.

By eliminating manual effort, integrating swathes of spend data and market intelligence, and surfacing actionable insights from these sources throughout the procurement process, AI is helping finance and procurement teams make faster, more informed spend decisions.

In this playbook, you'll learn:

  • 3 procurement outcomes business leaders are prioritizing today
  • 3 practical ways teams are using AI (major emphasis on analyzing large datasets)
  • 5 tips to implement AI in your organization successfully

If you’re not letting AI work for you, you’re behind—and it's time to catch up.

By eliminating manual effort, integrating swathes of spend data and market intelligence, and surfacing actionable insights from these sources throughout the procurement process, AI is helping finance and procurement teams make faster, more informed spend decisions.

In this playbook, you'll learn:

  • 3 procurement outcomes business leaders are prioritizing today
  • 3 practical ways teams are using AI (major emphasis on analyzing large datasets)
  • 5 tips to implement AI in your organization successfully

Spend Management Is a Competitive Advantage

Companies are spending millions on growth software, but without intelligent spend management, they’re bleeding cash through inefficient processes. Prioritizing spend management delivers benefits across the entire organization, not just in finance. Yet, many businesses are quick to invest in sales and marketing tools while neglecting spend control—and that discrepancy is costing them. This report shows how modern spend management delivers greater ROI and helps you build the case for necessary resources.

99% of finance execs say spend management boosts efficiency.

Without it, you’re wasting time on manual tasks that could, and should, be automated.

78% of leaders link it directly to revenue growth.

Spend management isn’t just back-office—it's fueling top-line growth.

Companies using modern tools are 26% more confident in their operational efficiency.

Integrated systems mean better control, fewer errors, and more impact.

Drive savings and efficiency at any stage

Discover why hundreds of companies choose Tropic to gain visibility and control of their spend.