Latest news with #procurementteams
Associated Press
4 days ago
- Business
- Associated Press
Helping Beverage Companies Navigate the EUDR: Beverage Industry Environmental Roundtable (BIER) Releases Sector-Specific Interpretation Guide
August 7, 2025 /3BL/ - The Beverage Industry Environmental Roundtable (BIER) has released the Beverage Industry EUDR Interpretation Guide, a practical, sector-specific resource designed to help beverage companies understand and meet the requirements of the European Union Deforestation Regulation (EUDR) (EU 2023/1115). Effective June 29, 2023, the EUDR introduced strict due diligence requirements for companies placing cattle, coffee, cocoa, soy, palm oil, rubber, or wood - or products derived from them - on the EU market or exporting them from it. For the beverage industry, this regulation is highly relevant as it covers both raw ingredients (like coffee, cocoa, and palm derivatives) and select wood-based packaging (such as barrels and branded wooden crates). Full compliance for large and medium-sized operators begins December 30, 2025, with Small and Medium-sized Enterprises (SMEs) following by June 30, 2026. The guide is designed for beverage manufacturers, brand owners, and procurement and sustainability teams who need clear, actionable direction on how to implement EUDR compliance across their supply chains. It provides: By providing a beverage-focused lens on a complex regulation, the guide empowers companies to reduce compliance risk, maintain market access, and build robust, future-proof sustainability practices. 'The EUDR presents both a challenge and an opportunity for the beverage sector. Our members needed clear, actionable guidance on how to navigate this complex regulation, and that's exactly what this guide delivers, helping companies meet their obligations while advancing environmental stewardship.' ~ Erica Pann, Executive Director of BIER. The Beverage Industry EUDR Interpretation Guide reinforces BIER's mission to accelerate environmental progress in the beverage sector by turning complex sustainability challenges into actionable solutions. The Beverage Industry EUDR Interpretation Guide is available for download at For more information, please contact: Erica Pann, BIER Executive Director [email protected] About BIERBIER is a technical coalition of leading global beverage companies working together to advance environmental sustainability within the beverage sector. Formed in 2006, BIER is a common voice across the beverage sector, speaking to influence global standards on environmental sustainability aspects most relevant to the sector, affect change both up and down the supply chain, and share best practices that raise the bar for environmental performance of the industry. By doing so, BIER is able to monitor data and trends, engage with key stakeholders, develop best practices, and guide a course of action for the future. BIER members include Anheuser-Busch InBev, Asahi Group Holdings, Bacardi, Brown-Forman, Carlsberg Group, The Coca-Cola Company, Constellation Brands, Diageo, Heineken, Keurig Dr Pepper, LION, Molson Coors, Monster Energy, Ocean Spray Cranberries, PepsiCo, Pernod Ricard and Suntory Global Spirits. For more information, visit Visit 3BL Media to see more multimedia and stories from Beverage Industry Environmental Roundtable
National Post
6 days ago
- Business
- National Post
Euna Solutions' 2025 State of Public Procurement Report Finds Budgets Flat, Costs Up, and Teams Pushed to the Brink by Last-Minute Requests
Article content Survey of 300+ public procurement professionals and suppliers finds agencies turning to digital tools, full-cycle automation, and strategic leadership to navigate a new era of fiscal pressure while laying the groundwork for AI-driven innovation Article content ATLANTA & TORONTO — Euna Solutions®, a leading provider of purpose-built, cloud-based solutions for the public sector, today announced the release of its 2025 State of Public Procurement Report. It offers a comprehensive look into how public procurement professionals across North America are confronting economic volatility, budget constraints, and rising stakeholder demands by leveraging technology, streamlining operations, and reimagining their roles as strategic leaders. Article content Article content 'This year's report makes clear that procurement teams are not just managing spend, they're becoming strategic stewards of public trust in a time of economic uncertainty,' said Tom Amburgey, CEO of Euna Solutions. 'This year's State of Public Procurement Report shows that with the right tools, even small teams can drive outsized impact. As automation and AI reshape what's possible, Euna is committed to helping public agencies modernize procurement in a way that's not only efficient, but intelligent, equitable, and future-ready.' Article content Based on survey responses from 86 public procurement professionals and 252 suppliers, along with anonymized data from over 3,000 procurement teams using Euna Procurement, the 2025 State of Public Procurement Report reveals a sector that is at a critical inflection point. Despite flat budgets, public procurement teams face shrinking purchasing power due to inflation and rising costs, with 2025 emerging as a pivotal year for transformation. The report's key findings include: Article content Rising Costs Are Undermining Stable Budgets: Although most agencies report that their budgets have remained steady year over year, procurement professionals consistently identified rising costs as their top external challenge. More than 50% of survey respondents flagged inflation and market volatility as a critical constraint; these factors are eroding real purchasing power, making it harder for teams to achieve the same outcomes with the same dollars. Small Teams Face Big Demands: Many public procurement departments consist of just one to three individuals, often tasked with managing the full-cycle procurement process across multiple departments. Complex projects can take upwards of 130 hours without streamlined workflows, highlighting the need for automation and digital transformation. Manual Processes Are Slowing Progress: Outdated systems and fragmented workflows contribute to inefficiencies. Teams spend significant time on routine tasks, limiting their ability to focus on strategy and supplier relationships. Technology Adoption Is Accelerating but Barriers Remain: Nearly 70% of survey respondents have established or plan to establish contract lifecycle management software in the next year, while agencies are also prioritizing investments in supplier performance tracking and invoice automation. However, budget limitations remain the biggest barrier to adopting modern procurement solutions. Digital Tools Drive Real Savings: Procurement teams using Euna Procurement save an average of nearly $35,000 per project through more efficient sourcing, contracting, and supplier engagement. Euna's AI-powered savings advisor has saved agencies over $4.5M through cart optimization at checkout. Full-cycle automation also leads to faster contract execution, reduced late payments, and improved compliance. AI Adoption Slow but Emerging in State Operations: According to the National Association of State Procurement Officials (NASPO), 42% of states now have official AI policies, and all 54 U.S. chief procurement officers included in the polling named AI as a key priority for 2025. While adoption is early, practical use cases are already demonstrating value, such as AI-enabled invoice analysis that flags payment discrepancies before they become costly errors and marketplace tools that rapidly analyze and compare goods for best-value purchasing decisions at scale. Euna's AI-driven procurement solutions alone saved public agencies $1.25M in 2024 and flagged more than 75,000 invoice discrepancies, underscoring the technology's potential to deliver meaningful cost and time savings. Article content The themes within the 2025 State of Public Procurement Report, especially the trend toward automation, full-cycle digital workflows, and data-driven decision-making, point the way toward AI's growing role in the future of public procurement. Article content 'AI is poised to play a pivotal role in public procurement by automating difficult tasks and enabling faster, more strategic decision-making based on real-time data and performance trends,' said Amburgey. 'The foundations being laid today with automation and modern cloud-based platforms are paving the way for intelligent systems that can help procurement teams do even more with their limited resources.' Article content To read the full 2025 State of Public Procurement Report visit: About Euna Solutions Euna Solutions® is a leading provider of purpose-built, cloud-based software that helps public sector and government organizations streamline procurement, budgeting, payments, grants management, and special education administration. Designed to enhance efficiency, collaboration, and compliance, Euna Solutions supports more than 3,400 organizations across North America in building trust, enabling transparency, and driving community impact. Recognized on Government Technology's GovTech 100 list, Euna Solutions is committed to advancing public sector progress through innovative SaaS solutions. To learn more, visit Article content Article content Contacts
Associated Press
6 days ago
- Business
- Associated Press
Euna Solutions' 2025 State of Public Procurement Report Finds Budgets Flat, Costs Up, and Teams Pushed to the Brink by Last-Minute Requests
ATLANTA & TORONTO--(BUSINESS WIRE)--Aug 5, 2025-- Euna Solutions®, a leading provider of purpose-built, cloud-based solutions for the public sector, today announced the release of its 2025 State of Public Procurement Report. It offers a comprehensive look into how public procurement professionals across North America are confronting economic volatility, budget constraints, and rising stakeholder demands by leveraging technology, streamlining operations, and reimagining their roles as strategic leaders. 'This year's report makes clear that procurement teams are not just managing spend, they're becoming strategic stewards of public trust in a time of economic uncertainty,' said Tom Amburgey, CEO of Euna Solutions. 'This year's State of Public Procurement Report shows that with the right tools, even small teams can drive outsized impact. As automation and AI reshape what's possible, Euna is committed to helping public agencies modernize procurement in a way that's not only efficient, but intelligent, equitable, and future-ready.' Based on survey responses from 86 public procurement professionals and 252 suppliers, along with anonymized data from over 3,000 procurement teams using Euna Procurement, the 2025 State of Public Procurement Report reveals a sector that is at a critical inflection point. Despite flat budgets, public procurement teams face shrinking purchasing power due to inflation and rising costs, with 2025 emerging as a pivotal year for transformation. The report's key findings include: The themes within the 2025 State of Public Procurement Report, especially the trend toward automation, full-cycle digital workflows, and data-driven decision-making, point the way toward AI's growing role in the future of public procurement. 'AI is poised to play a pivotal role in public procurement by automating difficult tasks and enabling faster, more strategic decision-making based on real-time data and performance trends,' said Amburgey. 'The foundations being laid today with automation and modern cloud-based platforms are paving the way for intelligent systems that can help procurement teams do even more with their limited resources.' To read the full 2025 State of Public Procurement Report visit: View source version on CONTACT: Media contact: Michael Tebo Gabriel Marketing Group (for Euna Solutions) Phone: 571-835-8775 Email:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CANADA GEORGIA INDUSTRY KEYWORD: PAYMENTS PUBLIC POLICY/GOVERNMENT STATE/LOCAL TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Euna Solutions Copyright Business Wire 2025. PUB: 08/05/2025 06:10 AM/DISC: 08/05/2025 06:09 AM
Tahawul Tech
11-07-2025
- Business
- Tahawul Tech
'Today, we're not launching a feature—we're activating the intelligence foundation for our future.' – Jon Lawrence, JAGGAER
JAGGAER has introduced to customers and partners its latest bold leap forward in enterprise procurement transformation. JAI, pronounced 'Jay', an intelligent human-guided AI orchestrator, provides next-level guidance and navigation, but also offers a critical opportunity to deliver new value. JAI is more than an assistant; JAI is an insightful partner for procurement teams. As agentic AI is beginning to reshape global commerce, JAGGAER has reimagined the relationship between procurement and technology. JAI is part of JAGGAER One and an evolution of JAGGAER Assist. JAI is an embedded conversational chatbot powered by LLMs, incorporating Q&A capabilities, PO invoice anomaly detection and Gen AI drafting & summarization with new, more powerful orchestration. With JAI customers will experience intuitive and efficient end-user experiences across the platform – all with an equally important 'Human in the Loop'. JAGGAER customers can start using JAI Assist today, a conversational assistant with contextual coaching that streamlines procurement by answering questions, guiding navigation, and initiating tasks like RFP creation and supplier evaluation. Looking further ahead into 2025, JAI Copilot will offer advanced contextual support, identifying outliers and suggesting actions, with real-time guidance across sourcing, contracting, and supplier management saving hours of analysis – followed by JAI Autopilot, the no code/low code agentic platform for autonomously managing complex procurement workflows to elevate strategic decision-making. This pragmatic evolution offers JAGGAER customers speed and scale they can trust. While previous releases delivered self-service help, knowledge retrieval, and the ability to trigger workflows using natural language, JAGGAER is taking AI capabilities a step further. Beginning this fall, JAI will offer the full orchestration of intelligent features by developing agent orchestrators to handle tasks like forecasting, spend management, cash flow management, contract management, and RFx automation, into a unified, conversational, and outcome-driven experience. JAI has been designed to revolutionize how users engage, decide, and deliver outcomes. While to date AI agents have been mainly able to execute tasks such as PO match and supplier outreach end-to-end, JAI is able to orchestrate those agents in copilot mode with its human users, toward a business goal. JAI thus is a trusted digital advisor that coordinates across domain agents—be it sourcing, contracting, or category strategy. The JAGGAER AI roadmap sees JAI evolve into an autopilot, enabling truly autonomous procurement thanks to their ability to execute adaptive as well as deterministic workflows independently, while users act as high-level overseers and decision-makers. 'Today, we're not launching a feature—we're activating the intelligence foundation for JAGGAER's future', says Jon Lawrence, Chief Product Officer at JAGGAER. 'This isn't about adding AI to procurement. It's about transforming procurement into an intelligent system—one that learns, adapts, and gets better with every decision. JAI is how we'll scale expertise, accelerate outcomes, and unlock a new era of value for our customers.' Customers are invited to reach out JAGGAER to be part of this revolution and join the Early Access program for co-innovation.
Finextra
13-05-2025
- Business
- Finextra
On-Demand – Solving procurement challenges with embedded payments
What are the key challenges that procurement teams are facing in 2025? What is the role of financial institutions in streamlining procurement processes? New solutions and payment methods are entering the procurement space, such as account-to-account payments and virtual cards. What are the implications of these developments, and how do they unlock value and benefits for procurement teams? What does the future of procurement look like, and what are the value-added services emerging? The days of procurement being viewed as 'only' sourcing and purchasing are long gone. Today, procurement is a vital part of overall business strategy and working capital optimisation. Yet while the expectations of procurement have changed, the underlying technology and procedures leave room for improvement. These challenges are not new, and financial institutions have a strong overall understanding of their client procurement challenges and needs. However, many banks are overlooking the importance of user experience and underestimating the impact of value-added services for their clients, such as embedded payments or integrated working capital solutions. In the B2C space, customers have long grown accustomed to seamless, integrated and flexible payments. These innovations are still missing in B2B payments, and procurement teams are looking for better end-to-end experiences, increased visibility across sourcing, contracting and supplier onboarding, as well as PO and invoice management. Digital and embedded payment solutions can help bridge the gap and drive growth for organisations – both in terms of operational efficiency and financial gains. As procurement practitioners seek more consumer-like experiences, financial institutions need to enhance their corporate offerings to better serve their customers and help resolve existing challenges. Register for this Finextra webinar, hosted in association with Visa, to join our panel of industry experts who will discuss the current challenges and needs in the procurement sector, and why offering embedded payment options and value-added services can bolster efficiencies and help drive sustained growth.
