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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. Here are some of the most important tools teams are already using.

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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

Ivalua commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study , offering key insights into how companies can unlock substantial financial benefits and operational improvements by adopting Ivalua’s unified Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems.

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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Key Takeaways Procurement vs Purchasing: Procurement is a strategic function focused on long-term value, while purchasing handles the tactical execution of buying. Aligning procurement and purchasing ensures efficiency, cost control, and reduced risk across the organization. What is Procurement?

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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

ivalua

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.

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Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Insights

Zycus Overview: A pioneer in cognitive procurement with a GenAI-powered Source-to-Pay suite (Merlin AI), serving large enterprises. Tech Modernization: Automates 70-80% of P2P tasks, cutting $15K-$400K in legacy waste and enhancing visibility across Chevrons operations.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process. The era of intelligent procurement We expect 2024 to be the year of intelligent procurement, driven by AI, automation and data analytics.

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Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. . Additionally, the software may allow add-on solutions for third-party applications or integration with existing network systems. . ProcureWare.