Ivalua Launches Innovations to Improve Sourcing Decisions, Savings Capture and Supply Chain Visibility

REDWOOD CITY, Calif., June 18, 2020 /PRNewswire/ -- Ivalua, a leading provider of global spend management cloud solutions, today announced the general availability of its new platform release 166. The release features a broad array of innovations to empower customers to better manage their spend and suppliers. Innovations focus on supporting smarter and faster decisions around supplier relationships and sourcing initiatives, improving the capture and recognition of savings, increasing accounts payable automation and ensuring accessibility for all.

Specific release highlights include:

    --  Sourcing Decision Center (SDC) - Ivalua's Sourcing solution now includes
        intuitive and powerful sourcing optimization capabilities. Sourcing
        optimization tools have traditionally been for the select few due to the
        complexity involved. Through its ease of use and native integration with
        the sourcing solution, SDC will empower any user to leverage
        optimization and make smarter allocation and supplier selection
    --  Sub-Tier Supplier Management - The Covid-19 crisis revealed the risk
        exposure of many organization's supply chains due to their suppliers'
        suppliers. The new release enables visibility into a supplier's Sub-tier
        network so customers can better understand their true supply chain risk.
        A visual mapping of the sub-tier network allows customers to identify
        supplier dependencies, areas of high risk or opportunities to drive
        innovation and better orchestrate spend.
    --  Savings Tracking - Significant enhancements to Ivalua's existing
        solution allow Procurement and Finance to easily define, manage and
        track savings according to their own internal guidelines. Procurement
        leaders can ensure the significant savings they generate are recognized
    --  AP Automation - The foundations of Ivalua's next generation Accounts
        Payable automation solution. With streamlined AP workflow, touchless
        non-PO handling, and powerful new tax compliance capabilities, invoice
        processing is now significantly faster. These capabilities ensure
        customers can process any invoice from anywhere in an efficient and
        effective manner.
    --  Web Accessibility - Ivalua's Public and Supplier Portals now meet the
        requirements of the international standard known as Web Content
        Accessibility Guidelines (WCAG) 2.1 Level AA criteria to provide access
        for all workers. This is an area of significant importance to Ivalua and
        many of its customers, especially in the public sector and EU.

"The Covid-19 crisis has reinforced the importance of having visibility into all levels of a company's supply chain, and being able to quickly and efficiently analyze scenarios regarding supplier selection," said Pascal Bensoussan, Chief Product Officer. "With Ivalua's current release, procurement and supply chain leaders are empowered to do so, not only to address the current crisis, but also to put in place a stronger risk and compliance management discipline for the years ahead."

About Ivalua

Ivalua is a leading provider of cloud-based Spend Management solutions. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, lowering risk and improving employee productivity. Trusted by hundreds of the world's most admired brands and recognized as a leader by Gartner and other analysts, Ivalua maintains the industry's leading 98%+ customer retention rate. Learn more at www.ivalua.com.

Media Contact
Michael Gallo
Lumina Communications for Ivalua

View original content to download multimedia:http://www.prnewswire.com/news-releases/ivalua-launches-innovations-to-improve-sourcing-decisions-savings-capture-and-supply-chain-visibility-301079753.html