Ivalua Named a Leader in 2015 Gartner Magic Quadrant for Strategic Sourcing Application Suites
Ivalua positioned as a leader in “Completeness of Vision” and “Ability to Execute”
Redwood City, CA – February 10, 2015 – Ivalua, a leading global Spend Management Solutions Provider, announced today that Gartner has positioned the company in the Leaders Quadrant of its 2015 Magic Quadrant for Strategic Sourcing Application Suites.
This recognition is based on Ivalua’s ability to execute and on its completeness of vision in the strategic sourcing application suite category. There were 14 different companies reviewed by Gartner and Ivalua made a significant leap in the 2015 report.
“It’s such an honor for us to be named as a leader in Gartner’s Magic Quadrant for Strategic Sourcing Application Suites,” said Daniel Amzallag, CEO of Ivalua Inc. “We believe this recognition from one of the most respected analyst groups is a strong indication of the value that our clients continue to experience with our innovative solutions and services, our expertise in deploying strategic sourcing applications and the outstanding support we are able to deliver in the rapidly evolving procurement and sourcing space.”
We believe Ivalua achieved its leadership position by providing a natively integrated Analytics-to-Contract and Vendor Management solution consisting of 11 modules addressing all aspects of Gartner’s definition of Strategic Sourcing. The result is a procurement and finance focused, highly flexible Platform as a Service offering that industry leading companies have adopted to help model their unique business processes in the cloud. The modules evaluated by Gartner include:
- Sourcing Projects
- Contract Repository
- Contract Lifecycle
- Spend Analysis
- Action Plans/Savings Tracking
- Spend Enrichment
- Procurement Project Management
- Supplier Management
- Supplier Performance and Risk Management
“Being able to construct specific solutions from this granular list of modules is one thing, but our clients also benefit from a full, integrated suite including these plus many more on the Procure-to-Pay side,” concluded Amzallag. “Our clients like having the choice between one of these modules, few of them or our Spend Management full suite. Our A la carte Solutions adjust perfectly to their needs.”
For a complimentary copy of the report, please click here.
Gartner, Inc., Magic Quadrant for Strategic Sourcing Application Suites, Deborah R. Wilson, et al, Feb 4, 2015.
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Since they were founded in 2000, Ivalua has become a trusted global provider of Cloud Spend Management solutions.
Ivalua supports quick deployments through a single platform and robust functionality including Performance and Risk tracking, Sourcing, Contracts, Procure to Pay, Invoice Automation and Analytics. Clients can increase adoption, coverage, and savings with the industry’s widest range of configurability and integration capabilities. Ivalua has successfully implemented more than 200 customers worldwide (most among the Fortune 500) and is used daily by more than 500,000 users and millions of suppliers from over 70 countries.
Ivalua provides a unique technology experience and highly differentiated value proposition to Procurement and Finance organizations looking to bring more spend under management and achieve a lower total cost of ownership.