Compliance & Control
Relieve the burden of compliance without compromising business agility
Discover Ivalua Source-to-Pay solutions
In the last decade, legislation has grown significantly to ensure business relationships with suppliers are transparent, secure, ethical and sustainable. Procurement has now become an essential gatekeeper to ensure supplier relationships and spend are committed in full compliance with all the rules. However, ensuring adherence to ever-changing regulations while maintaining business agility can be a challenge.
Ivalua empowers Procurement with a unique Source-to-Pay suite which does not compromise between compliance and business agility. Ivalua platform automates control, offers full transparency on supplier relationships and has the flexibility to adapt effortlessly to a changing environment.
Ivalua Empowers You to Ensure Compliance and Control
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Comply with ever changing legislation
- Ensure you collaborate with trustworthy suppliers
- Check against sanctions lists
- Document every step of the supplier lifecycle
- Comply with e-invoicing compliance
- Comply with prompt payment requirements
- Get your tax calculations right
- Satisfy audit requirements
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Effortlessly enforce corporate policies
- Control spend amount & engagement channels
- Ensure price consistency with negotiated contracts
- Automate the use of your legal framework
- Ensure delivery quality against negotiated Service Level Agreements
- Monitor savings progress against financial objectives
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Benefits
- Automated compliance & control
- Successful regulatory audits
- Flexible with ever-changing rules
- Cost-avoidance from non-compliant purchases
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The Ivalua Advantage
- ALL spend & process steps controlled in one single platform
- Flexible rules & workflow engine
- Highly configurable alert & notification system
- Real-time data visibility & reporting
- 3rd party data enrichment
We chose the Ivalua platform because of its usability, seamless integration across modules and our back end systems and its configurability, which allows us to easily meet our unique and evolving requirements. This ensured that we achieved our objectives of broad adoption, transparency, compliance and efficiency.Read Their Story
Resources
Boosting Compliance to Policies and Regulations at University of Chicago Medecine
The 2021 Pivot: How Leading CPOs Are Mastering Procurement’s Post-Pandemic Response
Improving Spend Control and Compliance to meet regulatory requirements while managing 20k vendor contracts at Credit Suisse