CPO Rising’s ProcureTech Pulse series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you. Please drop us a note at info at cporising dot com. Thanks, and enjoy!
RFPpower Launches Utility-Scale Energy Procurement Solution
SEATTLE — RFPpower Inc. announced the launch of its end-to-end energy procurement solution, PowerPrint. PowerPrint includes a process blueprint and AI tools to address contemporary energy procurement challenges. The solution is built on the utility industry’s leading workflow automation platform, PowerClerk.
The company stated that the solution is driven by rapid data center development, electrification across transport, buildings and industry, and manufacturing reshoring, as U.S. electric utilities and other load serving entities face accelerating load growth and mounting pressure on energy procurement.
According to Laura McCarty, RFPpower CEO, “We have balanced the configurability features of PowerClerk and the structured process discipline in PowerPrint to arrive at an easily implemented solution to manage the energy procurement process,” she said.
“We are pleased to be working with Clean Power Research and its PowerClerk platform that delivers a proven technology already deployed at more than 85 utilities globally.”
The company added that PowerPrint streamlines solicitation preparation, proposal intake and collaborative evaluation efforts; enabling load-serving entities to reach consensus quickly and auditably as they secure long-term energy resources.
Read the full announcement here.
Quadient Release New Cash Dashboard Capability, Bridging AP and AR
PARIS — Quadient, a global automation platform powering secure and sustainable business connections, announced the addition of cash dashboard capabilities to Quadient’s Accounts Payable and Accounts Receivable solutions, enabling finance teams to transform cash and working capital management from a reactive process into a proactive, strategic advantage, improving forecasting accuracy, accelerating decision-making. and unlocking capital for growth.
According to Lilac Schoenbeck, SVP of Digital Solutions at Quadient, “The modern business landscape demands flexibility and clarity, with CFOs and finance teams needing a constant, clear and reliable understanding of cashflow without the need to chase numbers,” she said.
“By highlighting data and insights from across accounts payable and accounts receivable, these new cash dashboard capabilities provide the end-to-end financial overview organizations need to turn cash management from a back-office task into a strategic growth driver.”
The company noted that the new AI-powered cash dashboard capabilities help finance leaders easily turn data into action. The service features an AI assistant that automatically summarizes the metrics that finance teams say are most important to them, such as available working capital and total payables and receivables, and provides contextual insights into business performance, while conversational AI allows users to ask questions about forecasts, payment activity, and working capital trends in natural language.
Read the full announcement here.
Pivot Raises $40 Million Series B to Replace Legacy Procurement Software with an Enterprise AI Operating System
NEW YORK — Pivot, a leading AI operating system for procurement, announced that it has raised $40 million in a Series B funding round, taking the total amount raised since the company’s founding in 2023 to $70 million. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound and procurement industry veterans, including the former Global VP Sales at Ariba and the founder of EcoVadis, as well as existing investors including Hedosophia, Visionaries Club, and Emblem.
According to Marc-Antoine Lacroix, Co-Founder of Pivot, “Finance and procurement leaders tell us the same thing: they don’t need another workflow layer. They need to know what the business is committing to spend before it becomes a problem at close,” he said.
“Pivot gives enterprises that visibility, reinforced by agentic AI that shifts the manual grind from a human burden to a machine burden. This funding lets us bring that approach to more customers, more markets, and more complex enterprise environments.”
The capital will accelerate further development of Pivot’s agentic AI capabilities, expand into new enterprise markets, and deepen integrations with ERPs and financial systems across complex enterprise environments.
Read the full announcement here.
Sunstice Announces New Agentic AI Solution for Supply Chain Decision-Making
PARIS — Sunstice announced Helios™, the latest addition to its supply chain planning and revenue growth management platform built for permanent uncertainty.
According to Yacine Zeroual, CEO of Sunstice, “In a world of permanent uncertainty, planning has become a strategic performance lever. Companies need to assess, decide, and act faster without losing control,” he said.
“Sunstice Helios™ is an important step in that direction, helping organizations shorten decision cycles and accelerate the journey towards Structured Agility™ in everyday operations,” said Yacine Zeroual, CEO of Sunstice.”
The company shared that despite advances in analytics, many planning cycles remain sequential and slow, particularly in S&OP processes where demand, supply, and executive alignment are still managed through time-intensive review steps. The result is delayed action in environments where responsiveness has become a critical performance driver.
Read the full announcement here.
