REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, a global leader in cloud spend management solutions is named a leader for the second year in a row in the study recently published by Gartner “Magic Quadrant for Strategic Sourcing Application Suites 2017*”. Ivalua’s solution enables procurement and finance leaders to realize savings and conserve cash, automate end-to-end source-to-pay processes, improve control, lower risk, enable agility and innovation.
"We consider our positioning in the Leaders quadrant by Gartner, a confirmation of Ivalua’s mission to help Procurement and Finance leaders create a competitive advantage by delivering Value Beyond Savings," said David Khuat-Duy, Ivalua Group CEO & Founder. "We are proud to be again among the Leaders in such a prestigious report and are grateful to our customers for their continued adoption of Ivalua solutions."
The Strategic Sourcing Application Suites review includes an entire range of upstream procurement functionality including spend analysis, e-sourcing, contract management and supply base management. For this research, Gartner evaluated 14 vendors on completeness of vision and ability to execute. Leaders demonstrate market-defining vision and the ability to execute against that vision.
“As end users increasingly require integrated suites and consumerlike user experiences to support and automate their strategic sourcing processes, vendors are investing to meet these expectations. Application leaders for procurement can use this report to assess the top solutions in this market.” - Magic Quadrant for Strategic Sourcing Application Suites, 8 February 2017, Analyst(s): Magnus Bergfors, Deborah R Wilson, Desere Edwards.
“Ivalua’s solution has proven to be extremely efficient in helping us manage complex sourcing processes and capture huge saving opportunities. We deployed the Ivalua solution rapidly and achieved ROI within a few weeks. We’re now looking forward to the next step of our partnership with the deployment of Ivalua’s SRM solution enabling visibility into our entire supplier network,” declared Francesco CANTONI, Strategic Procurement and Supply Chain Manager at Lucchini RS.
Ivalua’s Strategic Sourcing solution helps clients manage the full strategic sourcing cycle (including Projects, RFX and Auctions), advanced sourcing of components and bills of materials, the New Product Introduction process, deep collaboration on specifications and designs, total cost of ownership via advanced total cost breakdown features and demand aggregation and planning process across globally dispersed sites. Pre-integration of Sourcing with Contracts, Supplier Relationship and Risk Management functionality allows clients to qualify the best performing suppliers, execute concurrent sourcing and reduce third-party risks from the sourcing process.
“Gartner surveyed dozens of Ivalua customers as part of this research, and we are thankful for your participation. Your feedback inspires us to work harder and continue innovating,” said Daniel AMZALLAG CEO, Ivalua Inc. “We feel Gartner’s selection of us in the leader quadrant speaks volumes about how we are transforming the Sourcing solutions space and validates the trust that our customers place in us every day. We look forward to building on our leadership position by further innovating our single organic application that helps Sourcing teams comprehensively manage direct, services, project-based, asset-based, expense and indirect spend.”
Read the full report here to learn why, in Gartner’s words, Ivalua is a leader again for the second year in a row.
*Magic Quadrant for Strategic Sourcing Application Suites, 8 February 2017, Analyst(s): Magnus Bergfors, Deborah R Wilson, Desere Edwards.
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Located in the heart of Silicon Valley, Ivalua helps Procurement leaders create a competitive advantage by maximizing Value Beyond Savings. Ivalua’s Single Organic Application provide broad Procurement impact across end-to-end Source-to-Pay, Supplier Information, Performance and Risk, Advanced Analytics, Master Data Management and Early Payments. Ivalua’s Out-of-the-box Deep Functionality and Configurable Cloud is fast to deploy and enables high supplier and employee adoption. Ivalua has been deployed to manage over $500 Billion in spend across its 250 clients. Learn more at www.ivalua.com.