Malmö, Sweden 9 September, 2020 – Stretch, a leading Scandinavian consulting company, today announced a partnership with Ivalua, a leading provider of global Spend Management Cloud solutions. As a partner, Stretch will provide implementation and transformation services leveraging Ivalua’s platform. 

Stretch Procurement helps companies to strengthen procurement capabilities through successful digitalization programs and transformations. In such a transformation, selecting the right software is an obvious success factor.

Ivalua has seen accelerating growth and recognition of its leadership in recent years. In the past year it has consistently been recognized as a leader across the Source-to-Pay spectrum, including in Gartner’s Magic Quadrant for Procure-to-Pay Suites , The Forrester Wave™: Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020, The Forrester Wave™: eProcurement Platforms, Q4 2019, The Forrester Wave™: Source-To-Contract Suites, Q4 2019 and was awarded the best P2P Specialist Provider by an independent panel of industry veterans at the 2019 World Procurement Awards. Ivalua’s rapid growth led to it achieving a “unicorn” valuation exceeding $1B in 2019.

The Ivalua platform offers unique value, allowing customers to manage all categories of spend on a single platform. The modular suite and pre-packed industry solutions allow companies to quickly address urgent business needs while maintaining the flexibility to expand over time to digitize all procurement processes and support unique or evolving requirements, without the need for ay custom code. Built on a single code base with a unified data model, customers benefit from superior transparency and a consistent, seamless user experience. 

“We have all witnessed the growth of Ivalua in the Nordic market and this combination of the Source-to-Pay software leader and leader in digital transformation services makes us very excited. We look forward to help our clients succeed with Ivalua.” said Stefan Meller, CEO of Stretch Procurement.

“Ivalua has always been dedicated to listening to its customers, which means finding partners with local market expertise and high-quality delivery.” says Ian Thompson – Regional Director UK & Nordics. “We are really excited to partner with Stretch. Their long-standing procurement expertise and experience in the Nordic Market will help accelerate our growing presence there and ensure greater value for  Ivalua customers.”

About Stretch 

Stretch help our clients to increase the contribution from procurement. We are proud to have helped the majority of Nordic global companies to increase collaboration, improve risk management and act more sustainable. Our approach is to provide both world class solution consulting and business advisory services. The effect is a digital transformation that takes your business to the next level.