Banking and Financial Services

The Banking and Financial Services (“BFS”) sector has under-performed in earnings and stock performance in the recent past, due largely to the burdens of excess regulation, the onslaught of intense global competition and the disruptive innovation by Fintech companies targeting Millennials.

Even now, BFS firms face potential top-line pressures from bond portfolio losses and decline in mortgage applications. BFS firms global third-party supply base continue to pose compliance risks in an uncertain regulatory environment. Reducing costs, mitigating supplier risk and improving digital efficiency is a key priority for Procurement and Finance executives.

The fundamental question is not whether BFS Firms should try to achieve the aforementioned objectives, but how they can most effectively be accomplished. The core solution to this challenge is to optimize the end-to-end Source-to-Pay and Supplier Risk Management process with a focus on improving savings, control, visibility and efficiency. Source-to-Pay automation offers the finely choreographed solution that manufacturers need to meet their strategic objectives.

The Definitive Banking
& Financial Services Guide


Download

Improve Banking Value
with Better Spend Management

 

  • Shorten Procurement Cycle Times
  • Comprehensive supplier information and risk management
  • Strategic Sourcing and contract management
  • Improve Operational Efficiency
  • More transparency and improved analytics
  • Maintain business integrity controls

Ivalua’s Advanced Banking and
Financial Services Functionality

 

Realize Savings
& Conserve Cash
  • Multi-Envelope Bidding
  • Contract Compliance
  • Vendor Managed Catalogs
Automate End-
To-End Processes
  • SLA management with self-service evaluation scorecards
  • Services procurement using Rate Cards. Services Profiles
Enable Agility
& Innovation
  • Third Party Information management (OCC)
  • Risk Tracking from Idea through Contract
  • Invoice Data Capture
  • Dynamic Discounting
Improve Control
& Lower Risk
  • Contract Risk (rolling to Third Party risk)
  • Mandatory Conditional Supplier Document mgmt
  • Supplier Audits
  • eSignature

Ivalua helps Banking and Financial Services Innovate

Ivalua customers see immediate and sustainable results

 

$88M

Saved in the first year by a leading European bank

30%

Cost reduction in hard-copy storage and retrieval cost by a leading finance services provider

$500K

Per year in savings on transaction processing by a banking and finance firm

1 Global S2P Plaform

for 66 entities across 60 countries by a major banking services provider

100%

Current accessible spend data by a leading information services provider

95%

Invoice matching accuracy by a leading government contract agency

Proven – Reliable Partner for Banking and
Financial Services

Ivalua helps banking and financial service firms streamline processes so that they can focus on being a strategic partner in the organization.

Ivalua unlocks value in high priority areas from faster processing, greater efficiency in sourcing and contracting, and clear auditability.

Ivalua won us over through its intuitive ergonomics and extensive flexibility. The Ivalua solution will enable operational and decision-making staff to transparently follow-up on their procurement activities and to have a qualitative supplier database

— Vice President, Technology and Information Systems