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A Procurement System refers to a sophisticated framework or software designed to streamline and automate various stages of the procurement process within an organization. These systems come in diverse forms, ranging from best-of-breed solutions to comprehensive full-suite solutions. Best-of-breed solutions often specialize in specific aspects of procurement, while full-suite solutions seamlessly automate multiple process steps.
When does a purchase actually begin? For enterprise teams, it starts long before a vendor is selected or a PO is sent. A critical but often overlooked step in managing spend, enforcing policy, and gaining visibility across the procurement process, creating a purchase requisition is the first step in the process. Purchase requisitions are a foundational element of mature, well-governed procurement operations, and at Ivalua, we’ve helped global organizations turn this early-stage process into a po
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. Strategies that worked just a few years ago are now too rigid, manual, or disconnected to keep up. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable?
Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. Sound familiar? If you’ve been feeling the pressure, you’re not the only one. Many organizations are discovering that without clear procurement software best practices, costs spiral, risks multiply, and efficiency stalls. At Ivalua, we’ve helped some of the world’s most complex organizations transform their procurement operations, giving us deep expertise in what works – and what doesn’t.
E-procurement is a digital process spanning the entire procurement lifecycle, from sourcing and contracting to ordering, invoicing, and payment. Unlike basic online purchasing tools, a sophisticated e-procurement system provides an integrated solution that connects all procurement functions. This connectivity helps to eliminate spreadsheets, email threads, and manual approval bottlenecks that can slow down processes and drive up costs.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. Strategies that worked just a few years ago are now too rigid, manual, or disconnected to keep up. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable?
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. At Ivalua, we help organizations harness AI to transform procurement from a tactical function into a strategic advantage – and our Intelligent Virtual Assistant (IVA) is leading the next w
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. At Ivalua, we help organizations harness AI to transform procurement from a tactical function into a strategic advantage – and our Intelligent Virtual Assistant (IVA) is leading the next w
Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Streamlining operations in indirect procurement helps maintain an agile and cost-effective organizational structure, while direct procurement emphasizes ensuring the quality and availability of key materials necessar
In a world of ever-growing economic uncertainty, procurement is at the heart of organizations’ aim to drive efficiency and cost savings. The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Spend analysis is often the entry point. That’s because procurement professionals like you are under constant pressure to cut costs, reduce risk, and deliver data-backed insights to the business.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step.
In our previous posts ( part 1 , part 2 ), we explored the potential of AI agents in procurement, how they can drive efficiency, and the organizational changes required to adopt them effectively. Now, we turn to a crucial but often overlooked piece of the AI puzzle: Where do these AI agents get their data, and how do you ensure it’s accurate and compliant?
Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time. At Ivalua, we’ve worked with hundreds of global enterprises to bridge these gaps, streamline operations, and build stronger, more connected processes.
Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors.
Still struggling under the weight of paper or PDF invoices? If so, it’s costing you more than time, it’s impacting your working capital as well. Inefficient invoice processing drains resources, increases risk, and keeps your AP team stuck in the weeds. The right invoice automation software can change that, bringing speed, accuracy, and cash control to even the most complex environments.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. If you’re exploring procurement technology, chances are you’re not just looking for a better tool – rather, you’re looking for a smarter, scalable strategy. This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supply chain and adapt at the pace of business.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. Vendors naturally make promises on the speed and level of value realized from their platforms, but 3rd party validation and actual results from past projects is needed to validate such claims and better build your own bu
Choosing the right Source-to-Pay (S2P) tools can be overwhelming. It requires you to juggle multiple priorities: unifying systems, improving visibility, reducing risk, and proving ROI across every stage of the procurement process. So where should you start, and what capabilities truly matter in a modern S2P platform? In this blog, we walk through the most important tools for supporting each stage of the S2P lifecycle and what to look for in an enterprise-ready solution.
Organizations today operate in an environment that demands agility, precision, and forward-thinking strategies to stay ahead of the competition. For Chief Procurement Officers (CPOs) and their teams, selecting the right Source-to-Contract (S2C) solution is an essential step toward strategic procurement transformation. This decision shapes the efficiency of procurement operations, impacts stakeholder perceptions, and creates measurable business value.
If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. Disconnected supplier records, inconsistent processes, and limited visibility can impair efficiency and open the door to shadow spend. All of which diminishes procurement’s impact across your organization. The good news is you can solve this problem without starting from scratch.
We came, we connected, and we conquered! Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. The vibrant energy of the “Big Easy” served as the perfect backdrop for two days of discussions, technology showcases, networking opportunities, and a few beignets along the way.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. At Ivalua, we recognized the need to stay ahead of these developments and organized our first annual Ivalua Summer Symposium in London on a wonderful sunny evening on the Thames to discuss
Ivalua Spend Management Insights [ivory-search] Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation June 14, 2023 | | Thought Leadership by Vishal Patel Implementing a procurement application requires careful planning and execution, but combining it with a successful strategy can also ensure stakeholder buy-in, improve communications, support change management, reduce cost, and increase speed to market.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD). This new regulation builds upon its predecessor, the Non-Financial Reporting Directive (NFRD), and brings about significant changes that impact organizatio
Ivalua Spend Management Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! May 18, 2023 | | Ivalua NOW by Eloise Barnum They say city lights got nothin’ on country nights—and well–they ain’t wrong! We can’t recreate Ivalua NOW 2023 Nashville–but we’ll always have the memories! From the sessions and keynotes to the electrifying nighttime events–we want to extend a heartfelt thanks to all our customers, sponsors, partners, attendees, and team for making Ivalua NOW “Breaking N
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities.
Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Though the private and public sectors may appear to be distinct entities, a closer look reveals many shared characteristics.
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today. While inflation has eased from 9.1% last June to 6.5% in December and is expected to fall to 3.1% by the end of this year, business and academic economists pol
Ivalua Spend Management Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Paris! March 6, 2023 | | Ivalua NOW by Eloise Barnum 5 Reasons to Attend 2023 Ivalua NOW Paris – Breaking New Ground We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. This year, we’re exploring uncharted territory – embodying the spirit of those who take strides in “Breaking New Ground” !
Ivalua Spend Management Insights [ivory-search] Let’s Get Digital: Introducing your Source-to-Pay Guide March 9, 2023 | | Source to Pay (S2P) by Vishal Patel In today’s highly competitive business environment, it’s essential for organizations to have a comprehensive Source-to-Pay (S2P ) solution to reduce costs, strengthen supplier relationships, manage risk, and gain better visibility into spend and the overall supply base.
Ivalua Spend Management Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Nashville! March 22, 2023 | | Ivalua NOW by Eloise Barnum Y’all Ready? We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Nashville. This year we’re embarking on a journey toward “Breaking New Ground” !
E-invoicing Mandate | France 2024 Ivalua Spend Management Insights [ivory-search] Wake Up AP, Before it’s Too Late! E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared?
Ivalua has been awarded Best Company for Global Culture, Future Outlook, and Engineering, Marketing, and Sales Departments. Redwood City, CA, March 31, 2023. Ivalua, a global leader in spend management , today announced that it has been ranked by Comparably among the top 100 companies with the best outlook , best global culture , and best departments in engineering , marketing, and sales.
Ivalua Spend Management Insights [ivory-search] 2023 Ivalua NOW Paris: Recap + Photos! April 6, 2023 | | Ivalua NOW 2023 Ivalua NOW Paris Day 1 + 2 Recap Paris may be the City of Lights, but Ivalua NOW was a bright beacon in its own right! With the same enthusiasm and innovation as always, we gathered together this year to explore a new frontier of possibilities in procurement.
Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process. Ivalua is at the forefront of this transition, providing a comprehensive card-based solution that operates with leading banking partners.
CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing. These advancements in public procurement processes have driven a critical yet growing demand for procurement software solutions that support efficient planning, execution, management – ultimately result
Ardent Partners defines “Market Leaders” as providers with universal strength across their ePayables offering matched with an ability to execute at the highest level. Redwood City, CA, 18 April, 2023. Ivalua, a global leader in spend management , today announced that it has been named as a market leader in the Ardent Partners 2023 ePayables Technology Advisor.
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