Supplier Management
All your supplier information, risk and performance in one place
Forrester Wave ™: Supplier Risk And Performance Management Platforms, Q1 2018
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360-degree view of supplier information and activity
Get a view into all supplier activity across source-to-pay and ensure all processes are informed with accurate supplier, risk and performance data.
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Supplier and operational risk assessment and action
Retrieve information from stakeholders and suppliers, measure transactional and contractual activity and incorporate 3rd party data to get an accurate risk assessment.
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Single source of truth for supplier data
Fix it, once and for all, maintain clean, accurate supplier master data across the board.
Suppliers are the key to it all.
Collaborate with them to get accurate information, assess risk and improve performance while informing all procurement activities.
Scotiabank needed a comprehensive solution that would allow us to more effectively manage the source-to-pay process, as well as improve enterprise visibility into supplier performance and risk...Ivalua’s integrated solution and experience in the financial services industry made it the clear choice for us.
Supplier Management
Supplier Information Management
Let supplier information help, not hurt
- Simple, quick onboarding Supplier self-registration, qualification and onboarding in no time.
- Collect and validate information Let your suppliers provide you with the information you need including certifications, qualifications, financials and more.
- Segmentation and approval Supplier segmentation and configurable workflow for changes and updates.
- Supplier Portal Free access to a robust portal with complete profile, information and transaction management capabilities.
Third-Party Risk
Understand, monitor and mitigate supplier and contract risk
- Assess risk factors important to you Configure risk types, metrics, questions and scorecards based on your business to get subjective and objective information.
- Proactive mitigation Set up business rules and metrics to ensure teams are notified about high risk suppliers early in the process.
- Campaign management Save valuable time by automating risk scoring campaigns at the supplier or contract level.
- Incorporate 3rd party data Integrate different sources of risk data to get the full picture. For example, Dun & Bradstreet, Ecovadis, Bureau Van Dijk.
Issues Management
Track and resolve issues across all supplier activities
- Focus on high priority issues Quickly resolve issues such as deliveries, invoices or non-compliance to SLA’s
- Fast resolution Verify follow-up actions and review required documents with validation workflow.
- Real-time tracking Receive team notifications and real-time alerts on issues and resolutions.
Improvement Plans
Work closely with suppliers to improve performance
- Collaborate and improve Provide metrics and transparency to your suppliers from performance evaluations, exceptions or issues in order to collaborate on solutions.
- Visibility and accountability Gain visibility and report on key metrics shared between business stakeholders and suppliers. Assign actions and track ongoing status.
- Project management Project management functionality for complex improvement plans and access to previous projects.
Vendor Master Data Management
Fix it, once and for all
- Single source of truth Use Ivalua to capture and maintain clean and accurate supplier master data across your business. Feed your ERP(s) clean data.
- Cleanse your supplier data across all ERPs Smart deduplication and merge capabilities to so you can work with clean data in any source-to-pay process.
- Keep it up to date Powerful and configurable change request process and audit trail for your supplier’s records.
Resources
Ivalua Named a Leader for 3rd Year in a Row
Gartner Magic Quadrant for Strategic Sourcing Applications Suites 2018
