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Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud SpendManagement solutions, announces an extension of its Procure-to-Pay solution with a new InventoryCollaboration capability. Ivalua is a leading provider of cloud-based SpendManagement solutions. min, max levels) . min, max levels) .
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.
Each function’s objectives often overlap, particularly in areas such as financial reporting, cost management, budgeting and data-driven decision making, so when procurement strategies align with finance-led initiatives, organizations gain greater financial visibility, improved efficiency and stronger risk control.
In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. All of these processes are critical components for managing procurement activities strategically. You can then track trends over time to guide renewal or exit decisions.
Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. 393% ROI from process automation, better visibility, and replacing old systems. Elimination of manual data-cleaning tasks, giving teams more time for strategic endeavors.
Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Distinguishing the two helps enterprises optimize spend and strengthen supplier relationships. It’s a strategic function that covers both direct and indirect spend and emphasizes total value creation. What is Procurement?
Using technology to bridge the Finance-Procurement gap Once a well-defined technology adoption strategy is established in the collaboration phase, organizations can move to the next step: leveraging technology to bridge the finance-procurement gap. To resolve this, companies need to do the following: 1.
Lack of visibility hindering sustainability progress. The role that procurement takes here is vital, particularly when it comes to collaborating with the wider business and suppliers to address environmental concerns. This provides a solid data foundation from which businesses can assess their environmental impact in realtime. .
After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. With real-time pricing and inventory information to ensure that the items selected are available.
After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. With real-time pricing and inventory information to ensure that the items selected are available.
Categories: Conferences , SpendManagement Tags: PRO The question of how to manage direct materials can yield polarized answers and requires deeper evaluation than simply evaluating a few narrow use cases. The most significant enhancement is the new ‘Coupa supply chain collaboration’ solution.
Achieving true alignment between finance and procurement goes beyond initial collaboration it requires ongoing monitoring and measurement of shared objectives. Tracking performance over time is key to measuring the business value the collaboration is delivers.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.
In any case, organizations need to pull indirect spending out of the shadows and into the open. In this article, we’ll go over a few ways to improve the process: education, gaining spendvisibility , categorizing spend by supplier or department, etc. What Happens When Indirect Spend Isnt Managed?
But to do that effectively, you need the right tech stack to streamline processes, automate tedious tasks, and provide real-time financial insights. The best virtual CFOs combine multiple tools to create a system that reduces manual work and improves financial visibility. What are virtual CFO tools?
Especially when it comes to continuity and longer term collaboration based on mutual trust. Sheldon Mydat, CEO of Suppeco is my guest this week to walk us through how stakeholder relationships and supplier development can flourish when these relationships can be managed in one single place.
Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud SpendManagement solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Notes to Editors.
16th July 2020, London – Research from Ivalua, a leading provider of spendmanagement cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. Lack of visibility slowing plans to tackle environmental concerns.
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. But digital transformation also has longer-term benefits for supplier collaboration.
Notable among these were: SAP Ariba : Overview : SAP Ariba provided comprehensive procurement and supply chain solutions, facilitating efficient supplier collaboration and spendmanagement. Significance : GEP’s platform was recognized for its comprehensive capabilities in managing procurement processes.
Ivalua SpendManagement 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.
Well be talking about the importance of collaboration, and how Reveel and Deposco make it happen through deep integration. And, from driving savings to enhancing the customer journey, well be shining a light on the many tangible benefits of the Reveel and Deposco collaboration. Guest bios: Marc Aliotta, VP of Partnerships at Reveel.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY?
The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.
supplier analysis, spend optimization), automating workflows like order approvals. It aims for 500+ AI skills by 2025, enhancing real-time decisions (Forbes, Jan 21, 2025). SIDE NOTE: What Self-learning algorithms are they using to analyze suppliers, e.g., historical and real-time? Human Replacement?: cosmetics $0.07/unit
Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud SpendManagement solutions , today announced the general availability of its new platform release 168. The release includes a broad set of innovations to help organizations better manage their spend and suppliers. Sourcing Innovations: .
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Real-Time Payments (RTP) Gained Traction: RTP adoption transformed B2B transactions, with 49 million transactions worth $22.7 What's PLANERGY? The result?
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.
Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Increasing Supplier Visibility.
New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. The latest innovations extend the existing strength of Ivalua’s Supplier Management solution, which had already been recognized as a Leader by Forrester Research Inc.
Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better managespend and suppliers and increase operational efficiency.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.
Ivalua SpendManagement 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. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.
These issues can waste time, increase expenses, and cause frustration for your team. Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers. Over time, these small problems add up, making it difficult to grow smoothly. Thats why switching to an can help.
The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
Determined to transform the way they work, they embarked on a bold journey, choosing Coupa as their cutting-edge spendmanagement platform and partnering with Barkers for expert implementation. While it had served its purpose, this was a chance to modernise, unlocking cost savings, efficiency, and better spendvisibility.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.
Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. From procure-to-pay software to spendmanagement and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Contract and compliance management.
Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. Visibility. visibilityStep 1 is to get good spendvisibility and understand what you are buying and how much you are spending across all your spend categories. Without visibility of spend you cannot progress.
The Execution and Collaboration modules give you the ability to track tasks and approvals individually, bringing you closer to project completion. Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes.
Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time? How Can Finance & Procurement Collaborate? Not by a long shot.
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