REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, a global leader in spend management, for the third consecutive time, has been named a Leader in the 2018 Gartner “Magic Quadrant for Strategic Sourcing Application Suites.”
Ivalua’s platform enables Procurement and Supply Chain organizations to fully digitize their business processes and manage all spend categories while improving transparency, data quality and supplier collaboration.
As the market for strategic sourcing applications grows and becomes more competitive, Ivalua continues to show strong growth and innovative capabilities. We believe that this recognition is further validation that companies need not compromise between a full suite and best of breed capabilities, as Ivalua delivers both to hundreds of the world’s most innovative companies.
“We are deeply grateful to our customer community for confirming our mission to empower Procurement to become smarter, more agile and collaborative business partners,” said David Khuat-Duy, Corporate CEO of Ivalua. “We are proud to once again be named a Leader in this space and aim to maintain this by continuing to innovate across the platform ensuring the best user experience, rapid time-to-value and use of emerging technologies such as AI.”
Strategic sourcing applications include a range of upstream Procurement functionality including spend analysis, sourcing, contract management and supply risk and performance management (SRPM).
For this research, Gartner evaluated vendors on completeness of vision and ability to execute. Leaders “execute well against their current vision and are well positioned for tomorrow.”
Read a complimentary copy of the full report to get an up-to-date view of the market and vendor offerings.
Gartner, Magic Quadrant for Strategic Sourcing Application Suites, Magnus Bergfors | Patrick Connaughton | Desere' Edwards | William McNeill | Kaitlynn Sommers, 1 August 2018.
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