Extends leadership position to new categories and demonstrates a strong platform that drives customer success
Redwood City, CA – October 26, 2017 – Ivalua, the leading global Spend Management Cloud provider, was recognized by Spend Matters as a Value Leader across the broadest set of solution categories of any vendor in the latest SolutionMap. Combined with a record growth to over 300 customers and an industry-leading retention rate of 98%, this is further validation of Ivalua’s ability to truly empower procurement organizations and deliver results.
The latest release of SolutionMap by Spend Matters covers the full Source-to-Pay spectrum. To achieve Value Leader positioning, the highest level, requires both high product and customer feedback scores relative to competitors. Ivalua achieved Value Leader ranking in both of the broader categories of Procure-to-Pay and Strategic Procurement Technologies (includes Sourcing, Spend Analytics, Supplier Relationship and Risk Management and Contract Lifecycle Management). Ivalua was also ranked as Value Leader in the individual categories of Spend Analysis, Sourcing, Supplier Relationship Management & Risk, e-Procurement & Invoice-to-Pay.
With its SolutionMap, Spend Matters takes a refreshing persona-based approach to technology selection, emphasizing that customers have unique technology needs based on their maturity, preferences, industry and other factors. Ivalua aligned particularly well to the “Deep” and “Configurator” personas, which speaks to the depth, breadth and flexibility of the platform and its ability to deliver impactful solutions.
“[Ivalua offers] a very flexible solution which gave us the possibility to cover all our processes, and to change them by ourselves if we wanted to,” said Marek Dyczek, Procurement and Cost Optimization Director at AmRest, the largest independent chain restaurant operator in Central and Eastern Europe. “Ivalua has everything in one place, with clear pictures and pricing so it’s easy for our people to manage and order.”
“Spend Matters is validating what Ivalua has always known – that a rigid, one-size-fits-all technology approach isn’t the way to empower Procurement,” said David Khuat-Duy, Ivalua Corporate CEO. “Ivalua is uniquely able to balance the rapid time to value and deep capabilities expected by today’s customers, with the flexibility to meet unique requirements and evolve over time. That and our close collaboration with customers are why we’ve consistently achieved the highest retention rates in the industry.”