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Innovation Watch: Agentic AI Applications in Procurement December 2025 Contents 4Introduction and overview 5Background of the research 15Provider profile16GEP SMART 18Appendix19Glossary Introduction and overview Background of the research Overview and value chain of procurementKey business problems and challenges in procurement Background of the research Agentic AI has emerged as a transformative force inprocurement, offering novel solutions across variousphases of the procurement value chain. As organizationsstrive to innovate and accelerate their procurement The report assesses 10 leading providers of agentic AIsolutions for procurement using Everest Group InnovationWatch Assessment framework, segmenting the providers Scope of this report Geography:global Providers:Akiro Labs, Archlet,Fairmarkit, GEP SMART, Globality,Pactum, Procol, Raindrop, Tonkean, Zip Everest Group Innovation Watch Assessment, acomparative assessment of 10 leading agentic AIsolution providersOverview of their agentic AI solutions for procurement Services:procurement Solution providers are likely to play a crucial role in meetingthese requirements by offering a suite of AI-drivenproducts, tools, and services designed to enhance variousaspects of procurement and supplier management. By In this study, we assess solution providers that offer agenticAI solutions for procurement use cases. They are offeredeither as pre-built AI agents in the technology provider’s Overview and value chain of procurement Overview The key activities in procurement are spend analysis, category management and sourcing, contractmanagement, supplier management, and procure-to-pay. It focuses on planning and sourcing Agentic AI architecture for procurement Potential benefits of agentic AI for procurement Increased efficiency and productivity Enhanced user experience Automation of repetitive tasks reduces manualeffort and time required, in turn helping Context-aware virtual assistants convert plain-languagerequests into instant, correct outcomes, turning everyinteraction into a swift, personalized, almost friction-free Easy scalability Cloud-native agents can replicate almostinstantly across functions or regions, meetingsurges in demand without a matching surge in Cost reduction With their self-optimizing capabilities,agents can continuously spot waste, averterrors, and reallocate resources on the fly, Ever-learning systems track streams of internal andexternal signals to surface fresh patterns and ideas, Everest Group Innovation Watch Assessment Agentic AI Applications in Procurement Summary dashboard | market performance and ecosystem drivers assessment for agentic AItechnology providers in procurement (page 1 of 2) Summary dashboard | market performance and ecosystem drivers assessment for agentic AItechnology providers in procurement (page 2 of 2) Provider profile GEP SMART GEP SMART | overview Company overview Recent deals/investments/announcements GEP is a provider of procurement and supply chain solutions that combinesoftware, strategy, and managed services. It enhances business operationswith the use of advanced technologies. It serves a global clientele, whichincludes Fortune 500 and global 2000 enterprises and has developed its July 2024: GEP acquired OpusCapita, a leading provider of e-invoicing and procurement solutions Industry mix Energy and utilities CPG and retail Headquarters:Clark, New Jersey Healthcare and life sciences Website:www.gep.com Travel and logistics Key leaders Key clients CitiHondaITA AirwaysLenovo Dr. Subhash Makhija, CEO and Co-FounderRoopa Gandhi, President and Co-Founder Available Pricing models Outcome-based (e.g., basisthe savings generated) Per developer/user-based Fixed-fee enterprise-widelicense with unlimited usage Usage-based (e.g., per hourof license usage) Subscription licensing Key partnerships Service providers Technology providers Amazon BusinessDun & BradstreetEcovadisTealbook CognizantDeloitteDXC TechnologyKPMG GEP SMART | applications and use cases Capabilities/Features Everest Group commentary GEP offers a pre-built suite of AI agents spread across category management,sourcing, supplier management, contract life cycle management, and procure-to- It also allows users to build AI agents through Quantum studio that are tailored totheir specific needs along with allowing them to modify GEP’s out-of-the-box GEP Minerva, which was previously an AI assistant is now a context-aware UIagent that facilitates interactions between users and GEP’s supervisor agent,which further co-ordinates with the domain-specific agents to execute tasksGEP’s agentic AI platform is LLM-agnostic, meaning clients can integrate LLMs oftheir choice enabling users to select models that best suit their use case, datagovernance requirements, or internal investments Development opportunities: Although GEP’s agents can autonomously execute actions, they rely o