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Third-party RiskManagement (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.
In a Forrester Consulting survey of over 400 procurement decision makers at companies with over 1000 employees, the top barrier to ensuring supply continuity was an inability to effectively assess the overall risk across suppliers in a category. The post It’s Time to Rethink Supply Chain RiskManagement appeared first on Ivalua.
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.
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spendmanagement cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. . About Ivalua.
The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier riskmanagement and more advanced strategies and capabilities to deal with Procurement and supply chain managementrisks and challenges – while not forgetting cost and operational perspectives.
Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spendmanagement, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. Ivalua is a leading provider of cloud-based SpendManagement software. Click here to download a copy of the report.
These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and riskmanagement. By harnessing detailed spend data, CPOs can align procurement decisions with strategic goals, driving long-term savings and value.
Ivalua, a global leader in spendmanagement , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and RiskManagement (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023.
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 supply chain riskmanagement thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua.
July 20, 2020 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced that it has achieved FedRAMP Ready status for moderate impact certification and is listed on the FedRAMP Marketplace. trillion federal acquisition spend,” said Michael Arthur, Federal Business Development Leader.
Discover the key strategies and best practices for effective tail spendmanagement. What is Tail SpendManagement? Tail Spend is often regarded as the problem child of an organisation’s spend profile. We recognise that one size does not fit all and this is certainly relevant in Tail Spendmanagement.
With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. Ivalua is a leading provider of cloud-based SpendManagement solutions. About Ivalua.
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. Tail spendmanagement: Unveiling hidden treasures Often overlooked, the tail end of spend holds untapped potential for cost optimization.
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. 9] Risk mitigation is another driver.
Vendors in focus in Q1 In Q1, Spend Matters published 18 Vendor Analyses as part of our Insider coverage. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier riskmanagement.
In this episode of the Procuretech Podcast, host James Meads is joined once more by Ward Karson, Chief Operating Officer of Raindrop – an enterprise spendmanagement suite based in California. Today they discuss the pros and cons of tackling supplier riskmanagement from within an S2P Suite. Introducing Raindrop.
But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (riskmanagement, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.
31 March, Redwood City, CA – Ivalua, a leading provider of global spendmanagement cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Businesses must now navigate sustainability, riskmanagement, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets. However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly.
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? Download PDF Whats your goal today?
The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain riskmanagement/mitigation, and supplier performance management.
A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spendmanagement strategy.
Malmö, Sweden 9 September, 2020 – Stretch Procurement, a leading Scandinavian consulting company, today announced a partnership with Ivalua, a leading provider of global SpendManagement Cloud solutions. Under the partnership, Stretch will provide implementation and transformation services leveraging Ivalua’s platform. .
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. The data insights into spendmanagement make spotting cost-saving opportunities easier. Proper riskmanagement protects against these situations.
We will also look at how spendmanagement software , like Planergy, can help keep track of expenses and control spending within budget limits. Using spendmanagement software, like Planergy, will allow you to gain real-time spend visibility and make better decisions. Why is Business Budgeting Important?
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? Download PDF Whats your goal 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? Download PDF Whats your goal today?
Part 1 Part 2 Sourcing ivoflow ‘s direct spendmanagement solution combines internal procurement data and external market intelligence to surface new value-delivery opportunities and allow initiative management that ensures these opportunities are actually realized.
Often, inefficiencies are created in sourcing or Procure-to-Pay from inaccurate supplier information, payment delays stemming from inaccurate supplier master data, inconsistencies of supplier master data across systems, out-of-date credentials, disconnected supplier risk information, etc.
Enables tail spend auditing to prevent savings leakage. Improved supplier riskmanagement. Contact Una today to learn how we enable astronomically higher cost savings than those created through centralized spendmanagement. Higher purchasing volume equates to better discounts.
Ivalua SpendManagement 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. To download the full report, click here.
While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes.
Supplier failure and supply shortages are the biggest risks, yet many businesses are unprepared to mitigate these events in the future. Without detailed contingency plans in place, UK businesses leave themselves open to risk factors which could cause customer dissatisfaction, damage corporate reputation and ultimately profits.”.
How Choosing the Right SpendManagement Solution Can Help. Mature spendmanagement solutions can help Procurement overcome these challenges in a number of ways.
Coupa Software: Agentic AI Role: Coupas AI-driven Business SpendManagement platform automates sourcing, payments, and supplier tracking, recognized by Gartner for Source-to-Pay innovation. Its agents handle real-time spend analytics under tariff volatility (Emergen Research, Feb 1, 2024).
To truly gain control of enterprise-wide supplier data, leaders must implement vendor master data management (MDM). Such solutions, especially if embedded in spendmanagement suites, can help unify data across the enterprise and fix duplicates and other issues at the source.
Ivalua SpendManagement 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.
They all include enhancements of: SpendManagement. The underpinning of effective spendmanagement is the capacity to formulate and execute an Annual Buying Plan. Historical Spend: A summary of the previous years’ expenses for procuring each commodity. A good buying plan should include the following components.
Improve spendmanagement by implementing a buying plan Effective spendmanagement is crucial for any organization’s financial health. Properly identifying and mitigating risks is essential to ensuring success and sustainability.
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, riskmanagement, and flexibility in sourcing and logistics. Supply Chain Visibility and RiskManagement 3. Here’s why: 1. Comprehensive Supplier Network 2.
This strategy unlocks benefits like cost reduction, riskmanagement, and strong supplier relationships. RiskManagement Strategies : Supplier qualification processes ensure reliability and quality. Strong contract negotiation helps managerisks. Diversifying suppliers avoids a single point of failure.
Now in fairness to CEOs if you don’t have strong leadership from your Supply Chain team, then they are likely just playing and perpetuating the traditional roles and long held paradigms of what Supply Chain is.
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