Ivalua Launches Innovations to Improve Supply Chain Resilience and Employee Productivity

New platform release features a broad set of enhancements across Ivalua’s complete Source-to-Pay suite, including deep integration with Amazon Business

Ivalua, a global leader in Cloud Spend Management solutions, 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. Customers can now ensure greater supply chain resilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. The release also adds or deepens integrations with Ivalua’s growing partner ecosystem to improve decision-making and optimize the purchasing experience for users.

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Ivalua has been increasingly recognized by analysts and other 3rd parties for the strength of its platform, product strategy and ability to execute. In 2020, Ivalua was named a Leader in the 2020 Gartner “Magic Quadrant for Procure-to-Pay Suites” and by Forrester Research Inc. in “The Forrester Wave: Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.” Ivalua was also awarded the best P2P Specialist Provider by an independent panel of industry veterans at the 2020 World Procurement Awards and this release will support extending its leadership by delivering ever greater value to customers.

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Supplier Management Innovations:

• Improved Supplier Diversity and Inclusion – With corporate social responsibility growing in importance, customers can more easily manage Minority and Women-Owned Business Enterprise (MWBE) classification and credentials.
• Faster Supplier Discovery and Enrichment – The pandemic highlighted the importance of having accurate supplier information and being able to quickly identify alternate sources of supply. Out-of-the-box integration to Tealbook now enables customers to discover new suppliers with a single click and access a high-quality source of supplier information.
• Improved Supplier Collaboration – As suppliers become increasingly important to organizational success, customers can create and project manage various types of supplier collaborations, including Innovation Plans and Corrective Action Plans.

“The Covid-19 pandemic highlighted the importance of effectively managing spend and suppliers,” said Pascal Bensoussan, Chief Product Officer. “This release empowers procurement and supply chain leaders to better ensure resilience, control costs and optimize employee productivity.”

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