- In October 2023, SAP SE announced enhancements to its spend management and business network solutions, integrating AI and improving user experience to help businesses reduce costs, mitigate risks, and enhance productivity. The announcement was made at SAP Spend Connect Live in Vienna, a premier event for spend management professionals. These advancements aim to streamline procurement and drive greater efficiency for SAP customers
- In April 2022, SAS and Microsoft announced a collaboration to enhance healthcare analytics accessibility by integrating SAS Health on Azure with Azure Health Data Services, supporting FHIR standards for improved interoperability
- In January 2022, SAP SE and Icertis expanded their partnership to enhance contract management, aiming to boost efficiency, reduce risk, and drive compliance through AI-powered insights and automation. The collaboration includes a potential financial investment from SAP and deeper technological integration to maximize enterprise-wide value
- In July 2022, SpendHQ merged with procurement performance management firm Per Angusta, backed by a USD 65 million investment from Pamlico Capital to support the transaction
- In March 2022, Xeeva, an AI-driven spend management and procurement software provider, launched Spend Analytics with Intelligent Opportunities. This new release features an enhanced user interface, enabling customers to identify and act on AI-generated savings and sourcing opportunities more effectively
