Ivalua has enabled our transformation journey effectively, making Procurement more agile and digital. It really began with a focus on suppliers and clean supplier master data to make better decisions. Resolving this empowered efficiency, visibility and much more value creation for the business.Contact Sales
Manage vendor relationships, conduct assessments, and perform due diligence and risk management monitoring of your supply base using the information that is most important to your business. Ivalua provides you the ability to proactively assess the risk factors that are important to your business.
Our solution allows you to configure the type of risks, metrics, and scorecards needed to meet the unique needs of your business. Ivalua’s solution allows you to combine objective risk and performance data with stakeholder feedback to arrive at an assessment that informs your business processes. The automated campaign feature allows you to automate and track this process to assess the level of risk at an entity or contract level.
Additionally, Ivalua’s third-party risk management ecosystem can enhance your internal data with data from third-party risk management experts to complete the overall risk profile and provide data to make informed and actionable decisions.
Ivalua’s solution does more than monitor and assesses risks and performance. With the ability to collect data from across the entire Source-to-Pay platform and the ability to collaborate with vendors and suppliers, you can receive alerts and collect real-time data to drive quick and effective actions on performance management issues such as late deliveries, invoice issues, or service level non-compliance.
This can greatly mitigate production or business impacts. Further, our solution provides the ability to engage with your vendors on improvement plans to address systemic issues or drive continuous improvement initiatives.
Vendors and internal stakeholders can review the improvement plans, assign and track action items, review key metrics, and perform project management actions on these improvement projects in the solution.
Contact one of our associates to see how Ivalua can meet your vendor relationship management needs.