Procol, Agentic AI procurement platform in India, has announced that it has been recognised as an ‘Influencer’ in Everest Group’s Innovation Watch: Agentic AI Applications in Procurement assessment, making it the only Indian company featured in the global evaluation. The recognition places Procol among a select group of global technology providers shaping the next phase of procurement, as enterprises increasingly adopt AI to automate and manage end-to-end procurement operations.
Everest Group evaluated 24 procurement technology providers developing agentic AI capabilities, including low-code/no-code platforms and pre-built AI agents. Companies were assessed across Market Performance (maturity, scale, and adoption of use cases) and Ecosystem Drivers (partnerships, investments, and community engagement), and categorized into Luminaries, Fast Followers, Influencers, and Seekers.
Procol’s inclusion reflects its growing presence in the global procurement technology landscape and its focus on building execution-driven AI systems that go beyond visibility to run procurement workflows actively.
Key highlights of Procol’s approach:
● Use of AI to streamline procurement workflows and reduce operational complexity
● Increasing adoption among enterprises across industries
● Focus on building intuitive platforms that enable faster and more informed decisions
● Continued investments in expanding AI capabilities across sourcing and supplier management
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.”
As enterprises transition from manual, fragmented workflows to AI-native operations, procurement is emerging as a high-impact function for automation. Agentic AI is enabling organisations to move from reactive processes to continuous, intelligent execution, improving speed, control, and cost efficiency.
Procol’s recognition as an Influencer signals its growing momentum in this space, as it continues to work with enterprises across sectors to modernize procurement and unlock measurable business outcomes.
