The Ivalua Platform offers a number of additional solutions that enable customers to address processes that are tied to the source-to-pay process. These solutions work seamlessly with any other Ivalua solutions and offer the same consistent user experience.
Fix it, once and for all. Ivalua’s Vendor Master Data Management (VMM) capability captures, cleanses, and maintains clean and accurate vendor master data across business units, processes, and multiple and various ERP(s) systems in the required format. VMM enables efficient processes ensuring an accurate, complete, and auditable process to support opportunity identification and minimize the costs of poor quality.
A single source of truth for all items and services. Ivalua’s Item and Service Master capability provides organizations with a way to manage, simplify and harmonize the complexity of item and service data across the ERP ecosystem. The solution maintains and standardizes data across all ERPs, ensuring global teams and supply chains have access to the right information at the right time. This reduces errors, improves opportunity identification, and maximizes value of negotiations, contracts, and supplier and category strategy.
Centrally track and manage asset & tooling lifecycles. Ivalua’s Assets & Tooling enables organizations to collaboratively track locations, usage, depreciation, maintenance, and decommissioning of key assets. The solution promotes collaboration with workflow between stakeholders and suppliers, to manage activities across an asset or tools lifecycle. Assets and Tooling provides centralization and organization, so Procurement has a clear picture of budgetary needs for replacement or maintenance timelines, reducing or largely eliminating unplanned expenses.
Realize the value of external workforce. Leverage all types of external labor with an efficient engagement and follow-up channel. Get visibility into the delivery and progress of services purchases and avoid unnecessary costs.
Embed expense management into your AP journey. Today’s workers are mobile and may not have an office location. Expenses can be submitted from anywhere. To this end, our Expense Stream handles the flow of claims and their images into the Payables team. With duplication and tax checks making light work of every claim, touchless expenses are possible. Ivalua’s mobile-friendly interface makes expense submission quick and easy, regardless of the work location.
Capture new savings with early payment discounts. The optional Early Payments module includes all the content and interfaces needed to run an early payment discount program. It enables additional savings to be captured from suppliers by offering sliding-scale discounts based on early payment. Invite suppliers into the program via the Supplier Portal, and from there, they can select the best dynamic discount options. The module includes all the workflow needed to set up and run the program.