Innovation Watch: Agentic AI Applications in ProcurementDecember 2025Copyright © 2025 Everest Global, Inc. | this document has been licensed to GEP SMARTCopyright © 2025 Everest Global, Inc.We encourage you to share these materials internally in accordance with your license. Sharing these materials outside your organization in any form – electronic, written, or verbal – is prohibited unless you obtain the express, prior, and written consent of Everest Global, Inc. It is your organization’s responsibility to maintain the confidentiality of these materials in accordance with your license of them.2Proprietary & Confidential. © 2025, Everest Global, Inc. | this document has been licensed to GEP SMARTFor more information on this and other research published by Everest Group, please contact us:Amy Fong, PartnerBhanushee Malhotra, Vice PresidentAmit Lad, Practice Director4Introduction and overview5Background of the research 6Overview and value chain of procurement7Key business problems and challenges in procurement8Agentic AI’s impact in solving business problems in procurement12Everest Group Innovation Watch Assessment13Summary dashboard 15Provider profile16GEP SMART18Appendix19GlossaryContentsInnovation Watch: Agentic AI Applications in ProcurementProprietary & Confidential. © 2025, Everest Global, Inc. | this document has been licensed to GEP SMART3Introduction and overviewBackground of the research Overview and value chain of procurementKey business problems and challenges in procurementAgentic AI’s impact in solving business problems in procurementEverest Group Innovation Watch AssessmentSummary dashboard Innovation Watch: Agentic AI Applications in ProcurementProprietary & Confidential. © 2025, Everest Global, Inc. | this document has been licensed to GEP SMART4Background of the researchScope of this reportGeography: globalProviders: Akiro Labs, Archlet, Fairmarkit, GEP SMART, Globality, Pactum, Procol, Raindrop, Tonkean, ZipServices: procurementAgentic AI has emerged as a transformative force in procurement, offering novel solutions across various phases of the procurement value chain. As organizations strive to innovate and accelerate their procurement processes, the demand for AI-powered tools that streamline development tasks continues to rise. Agentic AI, with its ability to automate complex tasks, is reshaping how procurement functions.Solution providers are likely to play a crucial role in meeting these requirements by offering a suite of AI-driven products, tools, and services designed to enhance various aspects of procurement and supplier management. By providing robust AI capabilities, these providers help enterprises increase productivity, improve user experience, and accelerate procurement.In this study, we assess solution providers that offer agentic AI solutions for procurement use cases. They are offered either as pre-built AI agents in the technology provider’s plat...