The purchasing function must contribute a little more each day to the financial results of the company. Procurement action plans are regularly developed to meet that objective, but in a complex environment, with a large number of actions and numerous players, the tracking of actual savings is a real challenge.
The Action Plans and Savings Tracking module was designed to solve this problem, simplifying the day-to-day management of procurement action plans and providing management with a comprehensive visibility on operations.
It allows Purchasing Management to roll out their central procurement action plans into effective local actions within each entity, with their own goals. Action plans can be managed by a team collaboratively, and the savings are monitored closely from their initial estimates to their final validation by the financial controllers.
Ivalua’s teams and consulting partners provide the skills and expertise necessary for the successful deployment of the Spend Analysis tool, and for the best possible use of the analyses that it produces.
Starting with the client’s functional specifications, Ivalua experts work in close collaboration with their teams to configure the activated modules, set up the validation workflows, the alert systems, the data import, treatment and export procedures, the interfaces with other tools and the analytical indicators and reports.
It is important to migrate existing historical data to Ivalua Buyer, to maximize the analytical potential of the system, right from the start of production. Ivalua assists customer’s data migration with its ETL tool (extract, transform, load), to mass transfer historical data from existing sources (Excel, other information systems, ERP, etc.).
Ivalua’s teams install the interfaces necessary to perfectly integrate Ivalua Buyer into each client’s environment, using our standard connectors designed for the principal ERP (Enterprise Resource Planning)/accounting systems on the market.
In addition to the application documentation and existing help screens, Ivalua and its partners offer onsite training or e-learning courses adapted to each type of user group.
The software is licensed and installed locally by the client. The client’s IT service takes charge of the administration of the application. They can subscribe to the application maintenance and user support services provided by Ivalua as they see fit.
Ivalua’s SaaS offer includes the provision of the application, the maintenance and the hosting of the software on account of the customer. This comprehensive service is offered over a contractually determined period for a monthly fee.
The On Demand offer allows the client to subscribe to the same service as in SaaS mode, but over a much shorter period, linked to a particular event: for example, an RFQ or an auction. Therefore, pricing is established on an event-by-event basis and on the frequency of tool usage in order to manage these events.