REDWOOD CITY, Calif. & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Ivalua, a global provider of spend management cloud solutions, and Consus, a leading procurement solutions provider, announced today that K & N Kenanga Holdings Berhad (“Kenanga”), a leading financial group in Malaysia will use Ivalua’s strategic sourcing solution in conjunction with Consus sourcing services to more efficiently manage its sourcing processes.
Kenanga will use Ivalua’s sourcing solution and Consus sourcing services to:
1. Reduce spend through e-sourcing.
2. Shorten sourcing cycle times.
3. Increase transparency of sourcing processes.
“We have seen the much needed and rapid cost savings through Ivalua and Consus e-sourcing engagement. In addition, this has brought in greater transparency into our sourcing process,” said Cheong Boon Kak, Group CFO, K & N Kenanga Holdings Berhad.
“The financial industry is highly regulated and has very specific requirements, and we are glad to add value to Kenanga’s sourcing process,” said Madhuri Govilkar, VP & GM, South East Asia, Consus Malaysia (CCG Global Sdn. Bhd.). “We’re honored that Kenanga chose Consus and Ivalua, and we look forward to working with them to bring new levels of efficiency to their world class operations.”
“Malaysia is a key market for us and we are thankful to Kenanga for choosing Ivalua. We look forward to adding significant value to their sourcing and procurement processes. With Ivalua’s easy-to-use solution and Consus's expertise, over 30 Ivalua clients in APAC have achieved rapid and measurable savings,” said Amol Joshi, SVP Sales, Ivalua Inc.
About K & N Kenanga Holdings Berhad
Established for more than 40 years, Kenanga is a financial group in Malaysia with extensive experience in equity broking, investment banking, listed derivatives, treasury, corporate advisory, Islamic banking, wealth management and investment management. In 1996, K & N Kenanga Holdings Berhad was listed on the Main Board of Bursa Malaysia Securities Berhad. Learn more at http://www.kenanga.com.my
Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With over 200 customers across various industry verticals, Consus works closely with customers to deploy cloud based sourcing and procurement solutions. Learn more at www.consus.com.sg
Ivalua helps Procurement leaders create a competitive advantage by maximizing Value Beyond Savings and is a leader in Gartner’s 2015 Strategic Sourcing Magic Quadrant. 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 and has 35 “Fortune 500” companies among its 250 clients. Learn more about this press release, download our brochure, or contact us at firstname.lastname@example.org.