Last week, tech giants IBM and SAP Ariba made the announcement that they would be joining forces to transform the future of procurement.
Together, the two will launch a hub for delivering cognitive procurement solutions to redefine the source-to-settle process. Additionally, the companies will launch a Cognitive Procurement hub to further the development of intelligent procurement solutions and services.
SAP Leonardo, IBM Watson and SAP Ariba will be used to pool together intelligence from procurement data and predictive insights from unstructured information.
Procurement, according to IBM, is about to get smarter, faster and more efficient.
