Procol, India’s first Agentic AI procurement platform, has been recognized as an ‘Influencer’ in Everest Group’s Innovation Watch: Agentic AI Applications in Procurement assessment. Notably, Procol is the only Indian company featured in the global evaluation, highlighting its growing presence in the AI-driven procurement technology landscape.
Everest Group Evaluates Global AI Procurement Leaders
Everest Group evaluated 24 procurement technology providers developing agentic AI capabilities, including platforms offering low-code/no-code solutions and pre-built AI agents. Companies were assessed based on market performance—including maturity, scale, and adoption—and ecosystem drivers such as partnerships, investments, and community engagement.
Based on these parameters, companies were categorized into Luminaries, Fast Followers, Influencers, and Seekers, with Procol earning a place among the Influencers.
Driving the Shift Toward Execution-Driven AI
Procol’s recognition reflects its focus on building execution-driven AI systems that go beyond visibility and analytics to actively manage procurement workflows. The platform is designed to automate end-to-end procurement operations, helping enterprises transition from manual processes to AI-native workflows.
Key Strengths Behind Procol’s Recognition
The company’s approach centers on using AI to streamline procurement workflows, reduce operational complexity, and improve decision-making speed. Procol has seen increasing adoption across enterprises in multiple industries, driven by its intuitive platform design and focus on delivering measurable business outcomes.
Additionally, the company continues to invest in expanding its AI capabilities across sourcing, supplier management, and procurement automation, positioning itself as a forward-looking player in the space.
Procurement Emerges as a Key AI Transformation Area
As enterprises accelerate digital transformation, procurement is becoming a critical function for AI adoption. Agentic AI enables organizations to move from reactive, fragmented workflows to continuous, intelligent execution, improving efficiency, control, and cost optimization.
Strengthening India’s Presence in Global AI Innovation
Procol’s inclusion in the Everest Group matrix underscores the growing role of Indian startups in global AI innovation. As the only Indian platform in the evaluation, the company’s recognition signals increasing international confidence in India’s capability to build advanced, enterprise-grade AI solutions.
Expanding Momentum in Enterprise Procurement
With this recognition, Procol is expected to further strengthen its position in the global procurement technology market. The company continues to work with enterprises across sectors to modernize procurement operations and unlock greater efficiency through AI-led automation and intelligent execution systems.
Leadership Quote
Commenting on the recognition, Gaurav Baheti, Founder & CEO, Procol, said, “Procurement is at a point where teams are looking for systems that can do more than just track processes. There is a clear shift towards solutions that can actively drive execution and improve outcomes. This recognition reflects the direction the industry is moving in, and our focus remains on building technology that helps teams operate faster, with better visibility and control.”
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