Public Sector

Transformation and Digitization of Public Sector Procurement

The public sector globally is undergoing massive changes with new administrations greater fiscal spending, tax changes, constrained budgets and much more scrutiny and regulation. Public Procurement and Finance officials are keen to implement policies and programs to better manage public spending and automate processes, increase efficiency and transparency. Now more than ever, there is a need for visibility and accountability into how government funds are spent.

Public procurement officials at the national and local level and the suppliers they work with feel the impact of this as do the recipients of all public services. Many public entities are taking the opportunity to begin initiatives that will provide the necessary level of control, efficiency and visibility. They must do this in adherence with changing policies, regulations and directives while continuing to maintain supplier relationships, keep processes and operations going and effectively managing risk.

Ivalua for Public Sector

With Ivalua public Procurement teams can drive significant value across their entities with complete source-to-pay automation that will help to reduce costs, achieve regulatory compliance, enhance performance, and surpass strategic initiatives with high user and supplier adoption.

We really changed up our strategic sourcing methodologies and we adopted a new public procurement standard, allowing for better decision making and deeper engagement with vendors.

Ivalua customers see immediate and sustainable results

96%

Suppliers enabled electronically by leading information services provider

70%

Electronic invoice adoption within three months by a major city agency

0

Overpayments by a government agency

100%

Current accessible spend data by a national security information provider

95%

Invoice matching accuracy by a leading government contract agency

Proven, reliable partner for public sector organizations.

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