Question: Are there any AI-powered tools that can help automate and optimize sourcing, supplier management, and contract management processes?

JAGGAER is a comprehensive procurement software platform that uses AI to automate procurement, including contract management and predictive analytics. It has a broad range of features including cost optimization, supplier management and spend analytics, so it's a good fit for big companies looking to cut costs and streamline operations.

Another good option is GEP, which offers a variety of AI-powered software and services for procurement and supply chain management. Its GEP SMART platform handles direct and indirect procurement, and GEP NEXXE handles end-to-end supply chain management. GEP's AI-First Approach is designed to improve efficiency, productivity and speed, and the company has a lot of customers across many industries.

Ivalua offers a cloud-based procurement software package with a unified source-to-pay platform. It uses generative AI to automate processes like sourcing, contract management and supplier risk management. Industry analysts have named Ivalua a leader in its category, so it's a good option for companies that want end-to-end visibility and automation.

For a broader range of automation options, Esker offers document automation and order management software. It spans the entire business lifecycle, including sourcing, supplier management and contract management, and is designed to help you save time and improve customer satisfaction. The software is backed by a global cloud infrastructure and multi-ERP integration.