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Why Procurement Automation Is Really About Rules

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Artificial intelligence and robotics could automate more than half of all work carried out in the United States — with existing technology — according to a new report from the McKinsey Global Institute.

That pitch still exists, but it no longer captures the most interesting change in the category. The real shift is that procurement platforms are increasingly being used not just to digitize transactions, but to turn management rules into something people have to follow. Deloitte’s 2025 Global Chief Procurement Officer Survey describes procurement as being at a turning point, while a 2025 Harvard Business Review article, based on research with Digital Procurement World, says companies have ambitious plans to digitize procurement rapidly, especially through AI. Put simply, procurement software is being asked to do more than speed up routine tasks. It is being asked to support management discipline.

That change matters because many companies do not really struggle with a lack of procurement activity. They struggle with a lack of consistency. One team adds suppliers one way, another routes approvals differently, and a third keeps critical exceptions in private messages. By the time leadership wants better reporting, it discovers that the problem is not the dashboard. The problem is that the underlying rules were never clear enough to produce clean data in the first place. Deloitte’s survey makes a related point in a broader way: better enterprise performance is linked not to technology alone but to the combination of technology and talent capabilities, and humans still need to remain “in the loop” if digital investment is going to work. That is a useful reminder because it cuts against the fantasy that software can settle governance questions on its own.

This is where Precoro becomes worth closer examination. External coverage places the company in a fairly specific part of the market. In Forbes Advisor’s 2024 review of supply chain management software, Precoro was identified as the option “best for approval workflow,” with the review highlighting threshold-based approvals, mobile authorization and strong report customization. The same review also noted limits: inventory features needed work, and users reported weak invoice integration. Capterra’s 2025 procurement shortlist places Precoro alongside products such as Procurify, Tipalti and SAP S/4HANA Cloud, giving it an overall score of 79 out of 100, a ratings score of 50 out of 50 and entry-level pricing from $499 a month. Taken together, those sources suggest that Precoro is not best understood as a giant all-purpose enterprise suite. It is better understood as a platform focused on centralized purchasing control, with its strongest identity sitting around approvals, structure and workflow discipline.

That positioning is important because approval logic is often where procurement automation becomes real. Many companies can live with messy intake for a surprisingly long time. The strain appears when they start growing, add layers of management, spread spending across more teams and need faster decisions without losing control. Precoro’s approval workflow documentation is revealing here. It does not begin with efficiency language. It begins with three steps: decide what rules should affect approvals, configure the steps and assign the people responsible. It lists departments, projects, locations and thresholds as common variables, and it includes direct-manager approval and over-budget approval as explicit workflow options. That does not prove that Precoro is unique. But it does show that the product is built around a practical view of procurement: if the rules are unclear, the system will not magically make them clear.

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The same pattern appears in how the product treats forms and fields. Precoro’s documentation says companies can create custom forms for purchase orders, purchase requisitions, invoices, expenses, service orders and suppliers. Fields can be made mandatory, tied to approval logic and linked through dependencies so that one choice controls what appears next. There is also an important restriction: if a custom document field is involved in approval, it cannot simply be hidden through dependencies. That sounds like a detail only an implementer would care about, but it says something larger about the product’s logic. A field is not just a box on a screen. It can determine what information is required, who is accountable for entering it and whether a document can keep moving. In that sense, procurement automation starts to look less like digitized administration and more like process rules made visible.

Supplier control tells a similar story. In its July 2024 product updates, Precoro introduced supplier approval dependencies tied to custom supplier fields. In its multi-entity documentation, the company explains that suppliers can be assigned to legal entities, custom-field options can depend on legal entities and tax lists can be filtered automatically based on the legal entity chosen in a document. A separate legal-entity guide adds that all legal entities inside Precoro use the same currency, processes and approval flows. None of this is made for headline features. But it is exactly the kind of detail that matters once a company has more than one entity, more than one approval layer or more than one tax context to manage. At that point, procurement is no longer just about getting a request approved. It becomes a question of who can buy, from whom, under which entity and according to which internal logic.

Even the company’s vacation coverage feature says something about how it approaches workflow. Precoro’s Vacation Mode lets users assign backup approvers and substitute users so that approvals and document handling continue during absences. The distinction matters: a backup approver can approve or reject documents, while a substitute user is there to manage documents in statuses such as Matching, Pending and In Revision. It is a small feature, but it reflects an important operational truth. Many workflow systems seem disciplined until a key manager is away and the queue stops moving. A product that makes room for exception handling is often a product that has been shaped by real process friction rather than by a neat diagram of the “normal” path.

This is also where the limits of Precoro help define the company more clearly. Forbes Advisor did not present it as a deep inventory tool, and Capterra places it in a crowded market of procurement and spend software rather than among the largest enterprise platforms. That is not necessarily a weakness. For many mid-sized companies, the bigger problem is not replacing an entire supply chain stack. It is stopping approvals, supplier setup, entity-level controls and reporting inputs from drifting apart as the business gets more complex. In that context, a platform with a clearer main focus may be more useful than one that tries to do everything. External reviews suggest that Precoro’s main strength lies in approval logic and structured purchasing control, and the product documentation broadly supports that reading.

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The broader lesson is that procurement automation is becoming a test of management quality as much as software quality. HBR’s reporting suggests companies want to move quickly, especially with AI in view. Deloitte’s survey suggests that digital investment pays off best when paired with the skills and decision discipline needed to use it properly. Against that backdrop, Precoro is interesting not because it promises a dramatic reinvention of procurement, but because it reflects a more practical reality in this category. The software can route decisions, enforce fields, assign substitutes and structure approvals. What it cannot do is decide what the rules should be. That still belongs to management. The companies that benefit most from procurement automation are likely to be the ones that understand that difference early.

What makes Precoro worth in-depth coverage, then, is not simply that it is another tool in a crowded market. It is that the company offers a useful lens on where procurement software is heading. The category is moving away from the old promise of “less paperwork” and toward a more practical task: turning internal policy into repeatable behavior across teams, entities and exceptions. External reviewers seem to recognize one part of that in Precoro’s approval strengths. The company’s own documentation fills in the rest by showing how much of the product is built around rule-setting, dependencies and continuity in roles and approvals. Looked at that way, Precoro is less a story about automation replacing judgment than about software exposing how much judgment needed to be defined clearly all along.

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Multi-asset funds that combine equities, gold and fixed income are designed to smooth portfolio volatility, but their role extends beyond just reducing drawdowns. Over the past 16 years, actively managed multi-asset portfolios have outperformed domestic equities, delivering an annualised return of 11.4% compared with 10.7% for the BSE Sensex TRI, or Total Returns Index, according to a study by WhiteOak Capital.

The strategy has, however, lagged higher-returning asset classes such as gold and global equities, with 14.7% and 18.6% annualised returns, respectively, over the same period. “How gold, equity or debt behaves in isolation is very different from how a well-constructedcombination performs,” said Aashish Sommaiyaa, ED & CEO, WhiteOak Capital Mutual Fund.

Screenshot 2026-04-16 071042ET Bureau


The study analysed a model portfolio allocating 25% to the BSE Sensex TRI, 45% to the CRISIL Short Term Bond Index, 25% to gold (MCX) and 5% to the S&P 500 TRI, with annual rebalancing. The key trade-off is consistency. The multi-asset portfolio did not post a loss in any calendar year, compared with domestic equities, international equities and gold, which recorded losses in four, one and two years, respectively.

In a multi-asset portfolio, gold helped offset equity weakness through FY25 and into FY26. While equities underperformed after September 2024, with the Sensex TRI gaining 6.4% in FY25 and shedding 6% in FY26, gold’s run-up of 32% and 65% in these two financial years on safe-haven demand provided a counterbalance, driving overall portfolio returns.

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This has boosted the popularity of multi-asset allocation funds, which have garnered ₹65,210 crore, or 62% of net inflows in the hybrid category, in 2025–26. Though allocations to various assets vary depending on the fund houses, investors are taking comfort in their stable returns compared to the wild swings in equities.
“Many investors get scared of equity, especially when drawdowns like March happen, and they lose two years of returns in a short time frame,” said Vineet Nanda, founder, SIFT Capital. “In such times, people holding pure equity funds tend to lose patience and opt for multi-asset products.”“A big advantage is the scheme rebalances assets at regular intervals with no tax implication for the investor,” said Juzer Gabajiwala, director, Ventura Securities.

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At present, the Securities and Exchange Board of India (Sebi) rules require companies to refile their draft prospectus if the issue size changes by more than 20% from the original estimate.

“Sebi has received representation from the industry on difficulties faced by the issuers in mobilising resources and accessing the capital market in the backdrop of ongoing geopolitical tensions in West Asia,” the regulator said in a letter to the Association of Investment Bankers of India (AIBI).

An email query sent to Sebi remained unanswered.

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The relaxation will be available for IPOs opening before September 30, 2026.Any company looking to revise its issue size by up to 50% must submit a request to the regulator, explaining the reasons for the change, the regulator said in a letter to AIBI.


“By allowing increased flexibility in changing the IPO size, the regulator has provided much-needed relief to the issuers who were genuinely ready to access the markets but were waiting for geopolitical concerns to subside, without the burden of filing fresh DRHPs,” said Abhinav Kumar, partner — Capital Markets, TT&A.
Last week, Sebi gave one-time relaxation to IPO-bound companies by giving more time to launch their IPOs where deadlines were set to expire between April 1 and September 30. These companies can now launch the IPO until September 30.“It’s a timely and proactive move by Sebi, especially in the context of heightened global volatility,” said Dharmesh Mehta, MD and CEO of DAM Capital Advisors Ltd. “In such an environment a pragmatic and responsive regulatory approach is essential which facilitates capital raising activity while maintaining strong standards of governance,” he said.

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Here’s What It Brings You

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Google Gemini AI is Here
Google Gemini AI is Here

Google has finally launched a dedicated native Gemini app for the Apple Mac platform, which delivers a built-in AI-powered experience to the computers and offers the full power of the machine learning model.

Google Launches Gemini App for Mac

Google has announced in its latest blog post that the native Gemini app is now available for the Mac platform, and it delivers the many intuitive features that users enjoy on mobile.

With this dedicated app, users may access the many featured experiences, including native keyboard shortcuts that let users launch Gemini with just a press.

Users will get to take full advantage of all Gemini’s features, especially those that they have enjoyed with the iOS app, and they no longer need to worry about going to the browser to use the generative AI.

With the dedicated app, users may click on the shortcut combination of Option + Space to pull up Gemini’s assistance without the need to switch tabs.

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Google also stated that users will get to enjoy the impressive generative features available on the Gemini platform, like Nano Banana and Veo.

Here’s What You Get from the Gemini for Mac

Additionally, Gemini will be available right on the Menu bar at the top of the Mac’s screen, which also offers an easier way to access the chatbot.

Lastly, users may pin Gemini on the Application Dock to also easily access it.

In addition, users may enjoy a contextual experience with Gemini as they may enable the Google chatbot to analyze or read anything on their screen by sharing it with the chatbot.

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According to Google, users may also share local files to easily have Gemini examine them.

The native Gemini app for the Mac is available for all devices running macOS 15 or later. It can be accessed by global users via the Apple App Store for free.

Originally published on Tech Times

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