Cost Reduction
Realize the possibilities of an integrated Source-to-Pay suite
Procurement Value Measurement A Spotlight Report from The Hackett Group
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 and Procure-to-Pay
- 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
- Capture savings with contract compliance
- Reduce maverick spend with a simpler and guided buying experience
- Analyze all spend to identify value opportunities
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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 really helped us understand spend in a much deeper way. We have real-time updates of the data and full transparency in how items are classified, which really changed the way we are working in Procurement."
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
Complete Digital Transformation of Procurement with High ROI
- 3 Billion Euros Spend Under Management
- 80 Million Euros Saved in First Few Years of Using Ivalua
- 100% Digitization Across all Procurement Processes
