Cost Reduction
Realize the possibilities of an integrated Source-to-Pay suite
Ivalua empowers you with deep capabilities to capture and realize savings
Reduce Unit Costs
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The Ivalua Advantage
- Gartner-recognized LEADER in Strategic Sourcing
- Manage 100% of your spend in a single solution
- Manage the full strategic sourcing cycle including Projects, RFX, Auctions
- Spot buy capabilities
- Enterprise-wide visibility and insights across all sourcing projects and events
- Simple, powerful collaboration
- Advanced total cost breakdown features
- Best practice templates
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Benefits
- Reduce sourcing and contract cycle time
- Greater savings
- Accurate TCO measurement
- Improved supplier collaboration
Realize Negotiated Savings
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The Ivalua Advantage
- Seamless flow of contract terms to catalogs, orders and invoices
- Negotiated savings linked directly to budgets
- Track actual and planned spend commitments against budget
- Supplier initiated catalog and pricing updates
- Flexible, business-specific approvals
- Complex cost allocation support
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Benefits
- Savings hit bottom line
- Ensure contract compliance
- Catalog prices remain current
- Reduced off contract spend
- Effective budget planning and visibility
Ivalua’s solution has proven to be extremely efficient in helping us manage complex sourcing processes and capture huge saving opportunities. We deployed the Ivalua solution rapidly and achieved ROI within a few weeks.
Reduce Operating Costs
30% reduction in operating costs
The Ivalua Advantage
- Natively integrated Source-to-Pay suite
- Unified data model
- Leading capabilities throughout
- Powerful, flexible workflows
- Seamless ERP integration
Benefits
- Automate transactional procurement
- Free capacity for higher value activity
- Significant reduction in operating costs
Resources
Strengthening Supply Chain and Managing Global Complexity
- 19% Average annual cost savings over 4 years
- 75% Reduction in process cycle for contracts and catalogs
- 40% Reduction in PR/PO cycle (5 days to 3 days)
Digitizing Procurement to Drive Compliance, Efficiency and Transparency
- 100% Compliant Procurement Processes
- > 30,000 Contracts in the System
- 15,000 Digital Sourcing Projects
Delivering Bottom-line Value
- Over 55% spend sourced in 6 months
- 17% savings across categories
- Exceeded sourcing savings targets by 25%