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Navigating procurement: Creating value in economic uncertainty


SOUTHFIELD, MI, January 7, 2021 – Xeeva, Inc., a global provider of award-winning AI-powered procurement solutions, announced today that it was awarded “Best Emerging Procurement AI Software Company” by Corporate Vision Magazine. This award is part of the magazine’s 2020 Corporate Excellence Awards, which showcases companies that provide the very best products and services to clients across a wide range of industries. Nominees are committed to innovation and business growth and are assessed against multiple criteria,...
The procurement and sourcing software firm Xeeva has announced an investment of more than $40mn led by PeakEquity Partners that it says will promote AI as “the future of procurement”.
No matter the industry, managing spending is always a fundamental focus for any executive team, and nothing impacts spend as much as variation in the purchase price of goods and services. Purchase price variance (PPV) is one of the key metrics – arguably the most important metric – used by procurement teams to measure the variation in the price of purchased goods and services. It is a prime measure of how effective the procurement team...