Procurement is a vital function in the back office—and one that helps the business to function properly. Over the past few years, Levvel has noticed an interesting distinction emerge in the procurement technology space between “computerization” and “automation.” Specifically, as organizations have worked to improve their procurement processes with technology, many have computerized their procurement, but few have truly automated it. Levvel Research’s 2020 Procurement Insight Report presents observations on the current and future state of the procurement technology market with industry trends, organizational benchmarks, and an actionable procurement technology buyer’s guide. Organizations may use this report to identify, select, and introduce a procurement technology that fits their specific needs for efficiency and operational excellence.