2024

IVALUA NOW
Procurement Reimagined

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Cost reduction strategies

Cost Reduction


Realize the possibilities of an integrated Source-to-Pay suite

See Ivalua’s Source-to-Pay Solution in Action

Ivalua empowers you with deep capabilities to capture and realize savings

Reduce Unit Costs

The Ivalua Advantage


  • Ivalua is a Leader in the 2024 Gartner “Magic Quadrant for Source-to-Pay Suites
  • Industry-leading customer retention rate year after year with agility that evolves to your needs
  • Address unique challenges amid pressure to improve procurement efficiency and reduce costs
  • A single code base for consistent user and supplier experience with maximum automation
  • Faster, better-informed decision-making by giving users easy access to a range of intelligence across full S2P
  • Unified data model ensures accurate insights from anywhere in the process
  • Effectively managed supplier performance and risk that improves disruption and sustainability efforts
  • Activate specific capabilities necessary to expand and address more processes, spend and suppliers as you grow

Benefits


managing categories in procurement

Realize Negotiated Savings

Solutions - Business - Cost Reduction - The Ivalua Advantage

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

Benefits


  • Validated savings hit the bottom line
  • Ensure contract compliance
  • Catalog prices remain current
  • Reduced off contract spend
  • Effective budget planning and visibility
Technology - Process and Information Collaboration
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With Ivalua, we realized tremendous speed-to-value and benefit from a simpler and more focused source-to-contract solution. We have already achieved 10x ROI in a very short time.Quote - Right - White

Logo - Dole - Full

Arindam SENGUPTA

Global VP Strategic Sourcing & Procurement

Dole

Case Study - Dole - Huge load of bananas on a truck

Reduce Operating Costs

30% reduction in operating costs

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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

Related Resources

Customer Story

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)

Customer Story

Digitizing Procurement to Drive Compliance, Efficiency and Transparency

  • 100% Compliant Procurement Processes
  • > 30,000 Contracts in the System
  • 15,000 Digital Sourcing Projects

Customer Story

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