REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, the leading global Spend Management cloud solutions provider and Exiros, today announced that they are partnering to deploy Ivalua’s solutions in Latin America and globally, in one of the biggest Spend Management cloud software deployments originating in the Latin American region.
Exiros was looking to replace legacy supplier management and catalog based purchasing systems that were complex to use, weak in analytics, costly to maintain and low in customer satisfaction.
Ivalua will provide Exiros with the ability to execute superior supplier management strategies, formalize supplier governance and collaboration, enhance supplier innovation and performance and improve procurement processes.
“Exiros chose Ivalua because they were the only solution in the market that met our requirements for broad process scope, deep functionality, familiar consumer like User Experience and agility to configure for our unique needs. All of our users, including IT, business and management preferred Ivalua over other solutions. Further, Ivalua’s suite is well designed and adaptable to work in Global Business Services environments like Exiros,” said Cintia Romina Otero, Head of Process Improvement, Exiros’s IT Department.
Exiros is deploying Ivalua functionality in the following areas: Supplier Registration and Supplier Data Management, Catalog and Item Management, Sourcing, Spend Analytics, Performance and Risk Management and Improvement Plans.
“Ivalua is excited about helping Exiros realize Value Beyond Savings by reducing costs, improving control, increasing efficiency, lowering risk, accelerating innovation and enabling growth. Exiros’s procurement transformation success will impact over 20,000 users and 36,000 suppliers and we are pleased to be partnering in this significant customer journey in Latin America and globally. The Latin American market for Spend Management solutions is growing exponentially and Ivalua is proud to be leading this trend,” said Dan Amzallag, CEO, Ivalua Inc.
Exiros started in 2001 to consolidate purchases under a single team, following common processes. It currently purchases six main categories: raw materials, production supplies, MRO (spare parts & supplies), services, transportation and capital expenditures goods. It has a supply base of 36,000 vendors. Exiros manages an aggregate spend of USD 6 Billion annually.
Ivalua is a global provider of cloud Spend Management solutions and a leader in Gartner’s 2015 Strategic Sourcing Magic Quadrant. Ivalua’s cloud-based software is used by procurement and finance organizations in large, global companies, and every day more than 500,000 users and millions of suppliers from over 70 countries log into the Ivalua platform.