Best AI Procurement Software

AI procurement software uses artificial intelligence to automate sourcing, spend management, supplier evaluation, and contract processing. These tools help businesses cut costs, improve compliance, and speed up procurement cycles by analyzing large data sets and identifying savings opportunities. Key capabilities include spend analytics, predictive demand forecasting, supplier risk assessment, automated RFx generation, and contract clause extraction. With integration into ERP, supplier management platforms, and finance systems, AI procurement software offers seamless workflow automation. Organizations can benefit from community-powered insights, negotiated savings, and real-time decision dashboards. Pricing options range from free tiers to enterprise packages depending on scale and features. Explore our curated list below to compare features, pricing, use cases, and reviews so you can select the best AI procurement software solution to optimize spend and drive efficiency.
  • 4 avg. rating from 01 reviews

Last Updated: September 03, 2025

  • All Software All Software

17 Software

Popular Picks in Procurement Software

Coupa

Coupa

Contact Vendor

GEP SMART

GEP SMART

Contact Vendor

JAGGAER

JAGGAER

$1 Per year

Kissflow

Kissflow

$1500 Per month

Top AI Procurement Tools

Pricing Options

Monthly Subscription

Annual Subscription

One-Time Payment

Quote Based

Features

No Features

Company Size

Self Employed

Small Business

Medium Business

Enterprise

I'm looking for Procurement Software that is:

Accounts Receivable Automation Software

Esker transforms business processes with its innovative automation solutions. This versatile platform optimizes document processing from order to payment. Esker's user-friendly interface simplifies tasks like invoice processing and order management, enhancing overall operational efficiency. The system leverages intelligent technology to automate mundane tasks, reducing manual errors and saving tim... Read more about Esker

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Smarter business buying decisions start here

Coupa is a feature-rich cloud-based platform that simplifies businesses’s accounts payable processes. It helps organizations control expenses and streamline procurement. The tool eases the purchasing process with user-friendly interfaces to ensure compliance and cost efficiency. Coupa's features include automated invoicing, expense tracking, and vendor management. Its analytics tools offer insig... Read more about Coupa

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Business Process Automation & Workflow Software

   4.0

 (1 Reviews)

Pipefy is a versatile business process management software designed to streamline workflows and optimize efficiency. Serving as an intuitive process management tool, Pipefy empowers users to create, automate, and monitor workflows seamlessly. It offers a range of features, including customizable process templates, automation rules, and dynamic forms for tailored solutions. With a user-friendly int... Read more about Pipefy

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

SIMPLIFY PROCUREMENT with a Unified Source-to-Pay Platform

Ivalua is an advanced contract management software designed to streamline the entire contract lifecycle for organizations. This platform offers tools for contract creation, negotiation, and compliance tracking, enabling businesses to enhance their contract management processes effectively. With its user-friendly interface, Ivalua allows users to create custom contract templates, monitor key milest... Read more about Ivalua

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Zycus Procure-to-Pay Solution is an advanced procurement software designed to streamline the entire purchasing process for organizations. This platform offers a comprehensive suite of tools for sourcing, purchasing, invoicing, and payment management, ensuring that businesses can operate efficiently and cost-effectively. With its user-friendly interface, Zycus enables users to manage supplier relat... Read more about Zycus Procure-to-Pay Solution

Free Trial

Available

Pricing Type

$1 Per feautre

Location

United States

GEP SMART is a comprehensive Contract Management Software designed to streamline and optimize the entire contract lifecycle for businesses of all sizes. It offers a unified platform for creating, negotiating, executing, and managing contracts, ensuring efficiency and compliance at every stage. Key features include automated contract creation, intelligent clause libraries, and real-time collaborati... Read more about GEP SMART

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Autonomous sourcing ‍for all spend

Fairmarkit is an advanced expense report software that streamlines the process of expense management for businesses. Designed to automate and simplify the approval process, Fairmarkit helps organizations track employee expenses, enforce policy compliance, and gain insights into spending patterns. The platform offers features like receipt scanning, automatic categorization of expenses, and real-tim... Read more about Fairmarkit

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

IntelAgree is a comprehensive contract management software designed to streamline the lifecycle management of contracts for businesses. This platform offers tools for contract creation, tracking, and compliance, ensuring that organizations can manage their agreements efficiently. With IntelAgree, users can easily generate contracts using customizable templates, track key milestones, and receive al... Read more about IntelAgree

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Manage all legal work from intake to reporting

Checkbox is a versatile document generation software designed to automate the creation and management of legal, financial, and business documents. With Checkbox, businesses can streamline their document workflows by generating customized documents based on user inputs or predefined templates. The software uses logic-based workflows to ensure that documents are tailored to the specific needs of eac... Read more about Checkbox

Free Trial

NA

Pricing Type

$5000 Per year

Location

Australia

Unlock the shared value in your procurement ecosystem

JAGGAER is a comprehensive quality management software designed to help businesses optimize their quality assurance processes, ensuring the highest standards of performance, compliance, and customer satisfaction. The software provides end-to-end solutions for managing the entire quality lifecycle, including supplier quality management, audit management, and non-conformance tracking. JAGGAER integr... Read more about JAGGAER

Free Trial

NA

Pricing Type

$1 Per year

Location

United States

SAP Ariba is a cloud-based billing and invoicing software solution designed to help businesses manage procurement, supplier payments, and billing processes more effectively. The platform streamlines the entire invoice lifecycle, from purchase order creation to invoice receipt and payment approval. SAP Ariba integrates with various enterprise resource planning (ERP) systems, allowing for seamless d... Read more about SAP Ariba

Free Trial

NA

Pricing Type

Contact Vendor

Location

Germany

ConWize is a powerful construction estimating software designed to streamline the estimating process for contractors and project managers. With its intuitive interface and robust features, ConWize allows users to create accurate cost estimates quickly, ensuring that projects stay on budget and on schedule. The software offers tools for takeoffs, bid management, and collaboration, enabling teams to... Read more about ConWize

Free Trial

Available

Pricing Type

Contact Vendor

Location

Israel

FactWise is a comprehensive procure-to-pay (P2P) software designed to streamline procurement and financial processes for organizations. This platform provides users with robust tools that facilitate the entire procurement lifecycle, from requisition and supplier management to invoice processing and payment. With FactWise, organizations can easily manage purchase orders, track supplier performance,... Read more about FactWise

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Stop Building Software, Start Building Value

Cyferd is a no-code platform software designed to help businesses build custom applications and workflows without the need for coding expertise. The platform offers an intuitive drag-and-drop interface, enabling users to create apps, automate tasks, and integrate with various systems without writing a single line of code. Cyferd includes features for creating dashboards, connecting APIs, and manag... Read more about Cyferd

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Kojo is a powerful procurement software platform designed to simplify and streamline the procurement process for businesses of all sizes. The software allows procurement teams to manage everything from supplier selection and purchase orders to invoice approvals and supplier payments. With Kojo, businesses can automate routine procurement tasks, improving efficiency and reducing the chances of erro... Read more about Kojo

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Tomorrow.io is a state-of-the-art GIS (Geographic Information System) software designed to provide businesses with accurate, real-time weather data to optimize decision-making and operations. The platform offers a wide range of geospatial analytics tools that enable businesses to plan for weather-related risks, optimize resource allocation, and ensure operational continuity. Tomorrow.io integrates... Read more about Auditoria SmartVendor

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Procure Ai is an advanced artificial intelligence (AI) software designed to revolutionize procurement processes. The platform uses AI and machine learning algorithms to optimize procurement decision-making, enabling businesses to reduce costs and improve supplier relationships. Procure Ai automates tasks like vendor selection, purchase order creation, and invoice reconciliation, significantly cutt... Read more about Procure Ai

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

No buyer guide found.

Frequently Asked Questions

Software that uses AI to automate sourcing, spend analytics, supplier selection, risk assessment, and contract processes.

AI analyzes purchasing data and supplier metrics to identify patterns and recommend cost-saving strategies.

Common use cases include demand forecasting, supplier risk management, contract lifecycle automation, and fraud detection.

Yes, generative AI can draft RFPs, RFQs, purchase orders, and supplier documents based on templates and sourcing rules.

AI evaluates suppliers based on performance, financial stability, compliance, and ESG metrics to recommend best-fit vendors.


 Yes, many offer entry-level pricing and scalable features ideal for SMB procurement teams.

Key challenges include data quality, legacy system integration, lack of AI skills, and change management.

Yes, they analyze transaction and invoice patterns in real time to flag inconsistencies and prevent fraud.

Yes, most solutions integrate with ERP platforms, finance tools, CRMs, and supplier management systems.

AI tools can extract and review clauses, flag compliance issues, and automate contract creation to improve speed and accuracy.