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The Forrester Wave™: Supplier Value Management Platforms, Q3 2024 See Report
See Ivalua’s Purchasing Software in Action
What is Purchasing Software used for?
Purchasing software solutions are capable of delivering significant value for organizations across all spend management categories. They are capable of eliminating risk by driving repeatable and compliant processes and can generate savings by eliminating rogue buying and spend not under contract. However, not all Purchasing Software are created equal. The successful systems are those that manage your spend, are able to meet the unique needs of the business, and whose ease of use and user experience can drive a high rate of adoption by users and suppliers alike.
Discover Ivalua’s Purchasing Software
Ivalua’s Purchasing Software provides a modern and simple process for creating and transmitting purchase orders for all of your spend categories. With unmatched flexibility and ease of use, Ivalua can support even the most unique buying scenarios to ensure you are controlling rogue spend while providing a user experience that drives acceptance and compliance in an effective and efficient manner.
Ivalua’s Purchasing Software is a simple way to manage and control spending using a solution that can rapidly onboard users and suppliers alike. It guides users towards what they need in a compliant manner and digitizes the complete purchasing process. Ivalua gives your users the shopping experience they have come to expect while giving you the control you require.
Gain Control and Visibility of your Purchasing Process
The modern business environment requires stringent controls on the purchasing process while maintaining enough flexibility to not disrupt the flow of goods or services. A purchase order system is a critical tool for satisfying these controls, managing risk, and controlling spending while ensuring you get the necessary materials and services at the right time. The balance between increased process control and the uninterrupted flow of goods and services can be delicate. To maintain the balance without adding unnecessary administrative burden and impacting on efficiency, you need the right solution.
Ivalua’s 100% digital, yet flexible solution integrates with your existing systems and automates the entire Procurement process. Through guided buying processes with powerful search capabilities, robust and flexible workflows, and the ability to collaborate and communicate with suppliers digitally, Ivalua allows you to drive compliance and value while reducing processing costs and cycle time for all your spend categories.
We have a strong partnership with Ivalua and continue to generate value. With Ivalua we have achieved 100% digitization across all procurement processes and have been able capture a tremendous amount of savings.
Sylvie Robin Romet
Chief Procurement Officer
Crédit Agricole
Purchasing Software Product Features
Assisted Buying Experience
Ivalua brings the consumer shopping experience that your users recognize to a business to business platform. The powerful and simple solution allows your users to engage in an intuitive shopping and search experience to find what they need on an existing contract or catalog. If the goods or service is not available in a catalog or contract, the solution allows the user to request new or non-standard goods and/or services in a manner that is compliant with your purchasing process policies and requirements.
Efficient Supplier Enablement
Connect with your Suppliers quickly and securely to easily support a 100% digital purchasing and collaboration process through the Ivalua Supplier Portal. Ivalua offers a variety of quick and flexible connection options, which all add up to cost savings for your Suppliers.
Effective Collaboration
An automated solution for the creation of purchase orders including powerful and flexible workflows for review and approvals along with the ability to collaborate digitally with internal users and Suppliers throughout the digital purchasing process.
Full Compliance
Integrating with legacy systems and financial systems of record, automating and documenting processes, and providing robust workflow solutions allows you to maintain compliance with organizational, regulatory, and financial management requirements.
There was huge value in our deployment; being able to deploy a solution that integrates with legacy systems really enabled us to automate our purchasing processes and keep track of everything.
Corey Roberts
P2P Project Director
CACI
Rapid Implementation and Adoption
Leverage our quick deployment purchase-to-pay package for rapid implementation. Our easy to use software creates a pleasurable user experience and drives user adoption and value realization.
Since the day the platform went live, we’ve had 100% employee adoption. Within two weeks, we had 1000 employees on the system. We’ve had positive feedback on this project with users stating they are extremely satisfied given the complexity of the project and its impact to the corporation.
Jian Xu
Director of Procurement, Technology and Process Optimization
Fannie Mae
Related Resources
News
Ivalua Recognized as a Leader in Gartner’s Magic Quadrant for Purchase-to-Pay Suites 2020