Ivalua Description

The Source-to-Pay (S2P) process represents a comprehensive sequence of activities that link an organization with its suppliers, initiating with the identification of suitable suppliers to meet specific needs, followed by negotiations and contract agreements for the acquisition of goods and/or services. This process concludes with the invoicing and payment to these suppliers. S2P also involves strategic procurement processes, including spend analysis, sourcing, contract management, and supplier management, which addresses supplier information, risk assessment, and performance evaluation, along with downstream tasks such as electronic procurement, purchase orders, invoice automation, and accounts payable operations. Organizations leverage the Source-to-Pay framework to minimize expenses, mitigate risks, foster innovation, enhance supplier partnerships, and achieve a range of other objectives. Additionally, Ivalua’s Source-to-Pay platform streamlines and digitizes the entire process across all categories of spending and supplier relationships, thereby improving efficiency and effectiveness in procurement activities. This holistic approach empowers businesses to respond quickly to market changes while optimizing their supply chain management.

Pricing

Free Trial:
Yes

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Company Details

Company:
Ivalua
Year Founded:
2000
Headquarters:
United States
Website:
www.ivalua.com

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Product Details

Platforms
Web-Based
Windows
Mac
Types of Training
Training Docs
Live Training (Online)
Customer Support
Business Hours
Online Support

Ivalua Features and Options

Purchasing Software

Catalog Management
Compliance Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Spend Management
Supplier Management

Procurement Software

Asset Management
Auction Management
Budget Management
Catalog Management
Contract Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Vendor Management Software

Audit Management
Contact Management
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Performance Rating
Vendor Qualification Tracking

Contract Management Software

Contract Lifecycle Management
Electronic Signature
Pre-built Templates
Workflow Management

Spend Management Software

Expense Tracking
Procurement Management
Spend Analysis
Supplier Management

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