Rivio and HEX Advisory Group Partner to Bring AI-Powered Procurement Intelligence Automation to Enterprise Procurement
Publish Date: 2026-03-12 04:51:00
Source Domain: aithority.com
- Rivio’s procurement intelligence automation platform and HEX Advisory Group announced a strategic partnership and released a joint research study on the impact of agentic AI in procurement processes.
- The research demonstrates that agentic AI saves $10 million and 2,000 hours per year in procurement processes, primarily by reducing preparation time by 90%.
- The primary value of AI in this context is seen to be in efficiency rather than in automation of analytical output.
- Rivio’s AI procurement agent, Sheldon, is integrated with HEX’s HEX Index®, enabling procurement teams to gain negotiation-ready context instantly.
- The integration of Sheldon with HEX Index® aims to empower procurement teams with market knowledge traditionally requiring a high-cost consulting process.
- The partnership signifies a disruption to traditional advisory models by making advanced intelligence accessible to procurement teams.
- This research is the first in a series that aims to explore how agentic AI is transforming procurement strategy and execution.
