Ivalua
Streamlined 'Buy-Side' Contracts

A More Reliable Path to Net Zero: Ivalua's Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

Wednesday, March 01, 2023

Ivalua's new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions.

EIC's Unique Capabilities:

• Ensure transparent carbon emissions baseline based on reliable emissions data

• Identify and prioritize emissions reduction opportunities

• Monitor and manage emissions at the product level

REDWOOD CITY, Calif., - Ivalua, a global leader in Cloud Spend Management Solutions, announced the launch of its Environmental Impact Center (EIC), a solution that enables organizations to measure and reduce their value chain (or Scope 3) emissions. By integrating the EIC's functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

With regulatory requirements [1], sanctions regimes, and public scrutiny on the rise, sustainability is a top priority for every organization globally. Any efforts to impact emissions and reach net zero targets must involve the reduction of Scope 3 emissions, which constitute over 75% of total emissions at most organizations[2]. This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment.

Through Ivalua's EIC, emissions data can be imported from recognized third-party emissions data sources or directly from suppliers; the data is then combined with other information such as environmental risk scores, policies, published targets, or certifications. This data is accessible across Ivalua's Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations. As products are purchased within an organization, category managers can precisely track the year-to-date carbon emission trajectory for their purchases.

"Procurement and supply chain teams play a crucial role in reducing scope 3 emissions and contributing to corporate objectives around supply chain sustainability", said David Khuat-Duy, Founder and CEO. "By combining relevant and reliable data with supplier collaboration capabilities, Ivalua will enable customers to make meaningful progress on their sustainability journeys."

"In contrast to other solutions, the EIC will allow procurement to build baseline estimates for products and categories where verifiable supplier data does not exist", said Pascal Bensoussan, Chief Product Officer at Ivalua. "They can use these models to focus on high-emitting categories and products. They can then collaborate with suppliers to verify actual product emissions, define improvement plans to reduce emissions, and, ultimately, accurately track and report progress. EIC will aid our customers in establishing a more sustainable supply chain to reduce both greenwashing and green-guessing."

Best Places To Work - Ivalua Continues its Award-Winning Streak with Comparably

Monday, April 10, 2023

Ivalua has been awarded Best Company for Global Culture, Future Outlook, and Engineering, Marketing, and Sales Departments.

REDWOOD CITY, Calif.: Ivalua, a global leader in spend management, today announced that it has been ranked by Comparably among the top 100 companies with the best outlook, best global culture, and best departments in engineering, marketing, and sales. The award methodology takes into account anonymous votes from employees across all Ivalua's departments and international office locations.

The list of award winners is part of Comparably's Best Places to Work series and includes the overall top-rated companies of 2023 according to their employees. Employees answer questions about different workplace topics such as leadership, team, compensation, perks & benefits, work-life balance, career growth, environment, outlook, etc. The final data set was compiled from over 15 million ratings across 70,000 companies globally. In December 2022, Ivalua had been awarded Best Company for Culture, Women, and Diversity.

"We are thrilled to receive these awards, a testament to our ongoing commitment to our core values, in particular, Care for & Grow People," said David Khuat-Duy, founder and CEO of Ivalua. "I strongly believe that it is our people who shape our company culture through their daily interaction with colleagues, customers, and partners."

Ivalua employs 900 people worldwide who are united by an empowering vision, mission, and five core values that underpin the company's culture.

Vision: Ivalua believes that digital transformation will make supply chains more efficient, sustainable, and resilient, and unlock the power of supplier collaboration.

Mission: Ivalua's mission is to empower its customers through a truly unified platform providing them with the automation, collaboration, and business insight they need to better manage their spend and suppliers

Culture & Values: Customer-centric, Collaboration, Results-oriented, Care for and Grow people, and Integrity.

Ivalua and CKS Consulting Announce Successful Implementation of Requests-for-Quotations Solution at CERN

Wednesday, July 19, 2023

REDWOOD CITY, Calif., -- Ivalua, a global leader in spend management, and CKS Consulting, one of its longtime European implementation partners, announced today that the European Organization for Nuclear Research (CERN) has successfully deployed the Request for Quotation (RFQ) module (Spot bid).

After conducting an extensive and competitive bidding process, CERN determined that Ivalua was the most suitable choice to fulfill its primary needs. These requirements encompassed automating Requests for Quotations, including tasks such as inviting registered and prospective bidders, managing bid reception, and ranking bids. Additionally, Ivalua was selected for its capability to ensure compliance with CERN's procurement rules, seamless integration with existing CERN systems, and its ability to provide an exceptional user experience.

CKS Consulting, acting as a partner and authorized reseller of Ivalua, served as the sole point of contact for the CERN project team. Their responsibilities involved configuring the Ivalua platform and seamlessly integrating it within CERN's complex IT landscape. Furthermore, CKS Consulting played a vital role in supporting change management activities throughout the implementation process.

"CKS and Ivalua provided us with an easy-to-use and efficient solution that allows us to simplify processes for our users," said Vlad Armeanu, Product Manager, Procurement and Supply Chain business software solutions at CERN. "We look forward to opening a new chapter of procurement digitalization with Ivalua and CKS Consulting."

"CKS is extremely proud to partner with Ivalua to bring value to CERN, a globally recognized, flagship scientific institution. We have delivered a highly flexible solution that meets CERN's current requirement and can seamlessly evolve alongside the organization's digitalization roadmap," underlined Pierre-Edouard Labbé, Partner at CKS.

"Streamlining sourcing processes is key to increasing efficiency and we are delighted to combine the capabilities of the Ivalua platform with CKS' expertise to enable CERN to successfully continue its digital transformation," said Dan Amzallag, Ivalua's Chief Operating Officer (COO).

Half of procurement and supplier management processes have yet to be digitized

Thursday, October 19, 2023

REDWOOD CITY, Calif., -- New research from Ivalua has found more than half (53%) of procurement and supplier management processes have yet to be digitized. This is creating inefficiencies, with procurement teams estimating they are wasting more than a fifth (22%) of their time each year dealing with paper-based or manual processes.

The study reveals that half of procurement leaders (50%) think that the rate of digitization within procurement is too slow, while 47% say existing procurement systems are not flexible enough to keep up with constant change and deal with market and economic uncertainty.

This is having a major impact on procurement's ability to work on strategic tasks, as a lack of digitization:

• Limits organizations' ability to make quick, informed decisions regarding their suppliers (47%).

• Prevents organizations from tackling rising inflation and spiraling costs (46%).

• Makes it almost impossible to attract and retain the best talent (41%).

"Organizations are wasting millions in staff time every year on manual processes. This is bogging teams down in low-value tasks, limiting their ability to focus on more strategic priorities," comments Alex Saric, smart procurement expert at Ivalua. "Given inflation remains high and the economic outlook uncertain, it's never been more important to digitize procurement processes, and free up teams to tackle these challenges."

Procurement needs a solid data foundation to harness AI and emerging technologies

The study shows that 85% of organizations have implemented or plan to implement data analytics within the procurement and supplier management function. A further 63% say they have already implemented or plan to implement AI or machine learning technology.

However, just 30% of respondents say they are "very confident" in the quality and accessibility of their supplier data when it comes to supporting effective procurement.

Other areas organizations have implemented or plan to implement to transform their procurement and supplier management function include:

• Full end-to-end Source-to-Pay platforms (72%) – which can help to better manage their spend and suppliers.

• Chatbots (63%) – which can help users make more informed purchasing decisions.

• Blockchain technology (56%) – which can improve provenance when purchasing goods.

• Robotic Process Automation (RPA) (55%) – which can reduce reporting time and assist with contract and category management.

"AI can be the catalyst for procurement transformation, with clear use cases for processing data, driving automation, creating actionable insights, and informing strategies to augment procurement and supply chain operations," concludes Saric. "But poor-quality data will limit the insights produced by AI. Organizations need to walk before they can run, and this starts with digitization. This means taking a cloud-based approach to procurement that builds a solid data foundation that will inform decision making and reduce the risk of 'garbage in, garbage out'."

Ivalua Empowers Exiros to Streamline Procurement with Over 80,000 Suppliers

Friday, October 27, 2023

edwood City, CA,. Ivalua, a global leader in spend management today announced that it has extended its partnership with Exiros enabling them to continue to streamline purchasing operations globally for the company’s extensive supplier network.

Exiros is a global procurement company present in 29 cities across 15 countries and is part of the Techint Group.

A customer since 2016, Exiros has been using Ivalua’s platform to onboard, qualify and record all its suppliers for its indirect spend, direct spend and CapEx. Exiros currently manages more than 81,000 registered suppliers across 100 countries worldwide, processing 2.8 million transaction items every year. Exiros consolidates over USD 13 billion in purchases yearly across a wide range of categories including spare parts, supplies and raw materials, transportation and logistics, and specialized services.

A critical aspect of the successful collaboration between Ivalua and Exiros is the seamless integration of the Ivalua platform with the respective ERP and CRM systems of the companies operating under the Techint umbrella. This enables Exiros to consolidate global supplier management operations from a central platform.

“Ivalua has been instrumental in effectively managing our vast and complex network of valued suppliers,” said Francisco Severi, Director of IT and Corporate Services at Exiros. “Ivalua’s robust, yet flexible integration capabilities enable us to streamline our supplier management operations across the companies, achieving transparency and fostering collaboration; we look forward to continuing our procurement digitization journey”.

“Thanks to its unrivalled flexibility and integration capabilities, Ivalua empowers large companies like Exiros to efficiently manage all suppliers across multiple business entities from a centralized platform”, said Dan Amzallag, Chief Operating Officer at Ivalua. “We are delighted to extend our successful partnership with Exiros.”

Ivalua Named a Market Leader in the Ardent Partners 2024 Strategic Sourcing Technology Advisor

Wednesday, May 29, 2024

Comprehensive evaluation of Ivalua's solutions notes robust functionality across all modules and leadership in Generative AI


REDWOOD CITY, Calif-- Ivalua, a global leader in spend management, today announced that it has been named a Market Leader in the Ardent Partners "2024 Strategic Sourcing Technology Advisor." The report evaluated the 8 vendors Ardent identified as solution and market leaders in the strategic sourcing space, placing Ivalua in the Market Leaders Quadrant based on its solution and provider strength.


The report placed Ivalua strongly in the Market Leaders quadrant with an assessment of good or market leading in every individual capability evaluated, noting "robust functionality across all modules". It also specified the advantages to transparency and the user experience of Ivalua's platform being truly unified with a single code base and data model. The report highlighted particular strengths in the following areas:


• Generative AI. The report noted that Ivalua is a "pioneer when it comes to deploying Generative AI and has already released nine use case capabilities in strategic sourcing. Customers can use the AI tools as designed or build upon them with their own configurations."


• Direct Materials. The report noted that Ivalua's platform can support all categories of spend. While most providers can support indirect goods, direct requires specific, advanced capabilities and the report noted that "Ivalua has built the market leading solution for direct materials sourcing and materials master data management."


• Supplier Management, noting that "Ivalua offers market-leading supplier management capabilities, especially when it comes to supplier master data management, supplier risk management, and supplier collaboration."


Effective strategic sourcing is critical to several top business objectives, including increasing profitability, ensuring supply resilience, improving sustainability and ensuring compliance with regulations. Ardent Partners defines strategic sourcing as "the business process that leverages process automation tools to quickly identify, evaluate, negotiate, implement, and adjust the optimal mix of goods and services that best support the constantly evolving objectives of the enterprise." Core technology solutions in scope of this evaluation include Spend Analysis, eSourcing, Contract Management and Supplier Management.


"Ivalua is proud to be recognized by Ardent Partners as a Market Leader in this comprehensive assessment of Strategic Sourcing capabilities," said David Khuat-Duy, Founder and CEO of Ivalua. "For organizations to succeed in today's complex and uncertain market, they must be able to effectively manage their suppliers. Ivalua's innovative approach provides the transparency, automation and collaboration capabilities needed to select, monitor and engage all suppliers."

Ivalua Recognized as a Leader in Supplier Value Management Platforms, Q3 2024 Report

Thursday, September 26, 2024

REDWOOD CITY, Calif-- Ivalua , announced that it has been named a leader in The Forrester Wave™: Supplier Value Management Platforms, Q3 2024. Supplier Value Management (SVM) platforms include the various applications used to automate and manage activities with suppliers, including Spend Analysis, Supplier Risk & Performance Management (SRPM), Sourcing, Contract Lifecycle Management (CLM), and Procure-to-Pay (P2P).

In today's challenging and uncertain business environment, strong supplier relationships are a key competitive advantage. Having a complete view of all activities across the Source-to-Pay process is essential to building effective and resilient supplier relationships. Furthermore, suppliers play a pivotal role in innovation, sustainability, risk management, quality, supply continuity, and many other critical organizational objectives.

The Forrester report evaluated the 9 technology providers deemed most significant by Forrester on a broad set of criteria looking at the strength of their current offerings and strategy. Ivalua was placed in the Leaders band. Only 3 providers were placed in the Leaders band in this year's report. Forrester noted that "Ivalua has strength across its entire suite, particularly in source-to-contract."

"We are proud to be recognized as a Leader by Forrester in this strategically important category," said David Khuat-Duy, Founder and CEO of Ivalua. "Our complete, unified Spend Management platform provides the transparency, automation and collaboration capabilities required to effectively assess, engage and monitor suppliers and compete in today's global economy."