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John Cockerill was looking for a unified end-to-end spendmanagement platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimizecollaboration between internal stakeholder and suppliers in a highly secure environment. “As
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
Ivalua SpendManagement Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, 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).
Accelerated digital transformation of healthcare supplychains to lower the cost of care and improve patient outcomes now possible. Redwood City, CA June 16, 2020 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced the availability of a pre-packaged suite of solutions for healthcare providers.
Helping businesses reduce the risk of supplychain disruption, optimize inventory levels and make better buying decisions. 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 Inventory Collaboration capability.
Ivalua, a global leader in spendmanagement, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua.
Both Metaprise and Orchestration & Intake models are emerging frameworks designed to unify and optimize procurement processes , but they serve different purposes and operate at different levels. Interoperability: Supports multi-enterprise collaboration , ensuring different procurement platforms work together as one.
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. Key considerations when selecting S2P solutions Not all S2P solutions are built the same.
Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , SpendManagement , SupplyManagement , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.
Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #1: Inter-Enterprise Collaboration .
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Consus is a recognized and trusted global supplychain solutions provider.
Categories: Analysis , Procurement Systems & Architecture , SpendManagement , SupplyChain , SupplyChainManagement , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation SpendManagement (TSM) solution.
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. The close cooperation between supplychainmanagement and internal stakeholders as well as external partners made a major contribution to this. The goal was to increase efficiency across the Group’s Business Areas.
Network Member Question Aside from the basics of spend analysis and eliminating redundancy, Im curious to hear of others experiences in dealing with merger/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.
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. Category-based budgeting should align with corporate financial strategies.
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supplychain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials.
Ivalua SpendManagement Insights [ivory-search] Get Ready for Success! Change management plans should anticipate potential resistance and facilitate adoption by nurturing a culture of collaboration and buy-in. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?
When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supplychain. They streamline expense reports, improve supplychainmanagement, and prioritize operational efficiency to stay ahead. Create vendor and supplier expense management policies.
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.
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: . About Ivalua.
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's PLANERGY?
Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Use these eight tips to optimize your SMD for smoother processes, more accurate information and better business value. This means optimizing in all directions.
A prime example of this is sustainability: since a large portion of emissions lie within the supplychain, procurement holds a crucial lever here think Scope 3. Procurement teams can also optimize operational activities through shared services or outsourcing. Proper orchestration of supplychains enhances corporate resilience.
Categories: Solution Providers , SpendManagement , SupplyManagement , Technology Tags: Coupa Inspire , EU , supply We are witnessing a pivotal change in the market for some of the big source-to-pay (S2P) suite players (like Coupa, SAP and their peers) as they move toward a broader platform and ecosystem approach.
Each stage contributes to a more strategic approach to procurement: Spendmanagement: Despite the title, source to pay cannot really start with sourcing. Category management: Whereas spendmanagement aims to depict the entire landscape, category management fills in the detail for each major spend category.
Ivalua, a global leader in spendmanagement , today announced that Hillenbrand, Inc. The solution adopted will include Ivalua’s supplier risk and performance management and contract lifecycle management modules and will feature a number of integrations to ensure optimal user experience and maximum efficiency.
Here, spend analytics, e-sourcing and tail spendmanagement have emerged, not just as business tools but also as catalysts of change, sculpting a new narrative in the source-to-pay domain. The strategic use of spend analytics transforms procurement from a reactive cost center to a proactive value driver.
Best practice supplychain & procurement capabilities now available for rapid deployment to manufacturers. Redwood City, CA July 10, 2019 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced the availability of a pre-packaged suite of solutions for manufacturers.
Massy, France 05 July , 2021 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation. Ivalua is a leading provider of cloud-based SpendManagement solutions.
John Cockerill was looking for a unified end-to-end spendmanagement platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimizecollaboration between internal stakeholder and suppliers in a highly secure environment. “As
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. Secondly come eProcurement, SupplyChainCollaboration, Invoicing, and Payments. But digital transformation also has longer-term benefits for supplier collaboration.
Instead, you are responsible for driving financial strategy, optimizing cash flow, and helping businesses make smarter financial decisions. vCFOs need the right technology stack to streamline accounting, forecasting, reporting, and collaboration. Cin7 Core A cloud-based inventory and order management platform with real-time tracking.
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supplychain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.
Laying out the relevant details such as the quality standards, quantities, and specifications of the subject goods or services as well as the other dependencies will allow for an effective collaboration and avoid misinterpretation. To continue to optimize procurement processes, implement these lessons in future job orders.
Ivalua SpendManagement Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
Ivalua SpendManagement Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. May 18, 2023 | | Ivalua NOW by Eloise Barnum They say city lights got nothin’ on country nights—and well–they ain’t wrong!
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.
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?
Ivalua SpendManagement Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Paris! Breakout Sessions This year, we’ve invited industry thought leaders to join 8 expert panels covering data, supplier collaboration, procurement finance, and vendor management. Listen, learn, and contribute your ideas!
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.
May 3, 2021 /PRNewswire/ — Ivalua, a leading global spendmanagement cloud provider, and PwC, a trusted Ivalua implementation partner, today announced that Arkad S.p.A. The Ivalua platform was built to enable effective, scalable collaboration and complete transparency into suppliers and spend. REDWOOD CITY, Calif.,
A well-defined procurement strategy is the key to optimizing your procurement process. Supplier Relationship Management : Build strong, collaborative relationships with key suppliers. Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supplychain efficiency.
In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Donna Wilczek, EVP Strategy and Innovation at Coupa , spendmanagement suite provider and one of Spend Matters 50 Procurement Providers to Know.
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