REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, the leading global Spend Management Cloud provider, was recognized by Spend Matters as a Value Leader across both the new, combined Source-to-Pay SolutionMap and the updated Q1 release of every individual SolutionMap category. Ivalua is the only vendor scored a Value Leader in every category.
The new release of Spend Matters’ SolutionMap includes a complete Source-to-Pay Suite report, evaluating vendors’ ability to deliver an integrated, end-to-end suite. Achieving a Value Leader position, the highest level, requires high product and customer feedback scores relative to competitors. Ivalua achieved Value Leader ranking across every SolutionMap buying persona, demonstrating the platform’s ability to provide both rapid time to value and still meet distinct organizational needs.
“Spend Matters is validating what Ivalua has always known – that a rigid, one-size-fits-all technology approach isn’t the way to empower Procurement in today’s uncertain and dynamic market,” said David Khuat-Duy, Corporate CEO of Ivalua. “Only Ivalua delivers rapid value through best of breed capabilities, and maximum long term value through an integrated suite that can easily meet unique or evolving requirements. That, combined with our close collaboration with customers, are why Ivalua has maintained the industry’s leading 98%+ retention rate for over 17 years.”
Ivalua is the Procurement empowerment platform. Recognized as a Leader by Gartner & Spend Matters, Ivalua’s Source-to-Pay suite is leveraged by over 250 leading companies across the globe to manage over $500 Billion in direct and indirect spend. The platform’s combination of ease-of-use, depth, breadth and flexibility ensures high employee and supplier adoption, rapid time to value and the ability to meet unique or evolving requirements, evidenced by the industry’s leading 98%+ retention rate. Realize the possibilities at www.ivalua.com. Follow us at @Ivalua.