Get visibility into the automated process of cleansing and classifying millions of lines of spend.
Compliance issues can be detected closer to when they happen so that actions can be taken quickly. Expensive outside spend classification processing can be actively monitored or even brought in-house with the clues and rules workbench user-interfaces readily accessible.
Organize and budget for negotiated savings and then track it as it reaches the bottom-line.
Savings goals and real-time updates to progress against them allow for efficient allocation of resources throughout the year to best achieve savings. Sourcing owners are not spending 20-30% of each month reporting on their work. Instead, the reporting is a natural output from their work and updated as progress is made.
Track qualitative and quantitative performance data on your suppliers and buyers.
Save valuable time from your team by automating performance scoring campaigns. Set up business rules and metrics to ensure teams are contracting and awarding business to high performing suppliers.
Project manage various procurement activities for internally relevant initiatives.
Save time reporting details to project team members outside of procurement. Organize information from Sourcing to help with a project to generate cost-based sales proposals, to address a new product introduction initiative or to pass project requirements for something like a construction or oil-field project directly into sourcing and contracting vehicles with sub-contractors.
Extend and configure cube-based analytics and dashboards across the full suite to analyze new indicators from 3rd party ERP and legacy systems in conjunction with data in Ivalua.
Extending existing spend analytics with outside data gives valuable enterprise-wide insights affecting procurement, sourcing, finance and executive management. Leveraging the analytics user interface, reporting across the suite and beyond does not require IT, SQL or anything else but a browser and a goal.