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The Forrester Wave™: Supplier Value Management Platforms, Q3 2024 See Report
Requisition | Approval | Order Creation | Receiving | Order Approval & Dispatch | Invoice Processing | Approval | Payments
Procure-to-Pay process inefficiencies stem from the numerous exceptions that must be managed – maverick spend, offline change orders, unplanned freelancers, non-PO invoices, urgent payments and more.
These exceptions drive up process costs and erode procurement value. They are also a missed opportunity to adequately address business needs and establish successful supplier relationships.
Procure-to-Pay Designed to Adapt
Don’t let rigid solutions hinder your path to Procure to Pay automation. Establish global and local standards that suit your business and evolve them as needed to ensure adoption.
Ivalua’s suite was one of the best things that we’ve done. It helps make things more efficient and brings in so much transparency and value to the user. On an overall basis, over the last 4 years, we’ve seen average savings of about 19 percent.
Samit Datta
Head of Global Supply Chain & IT
Piramal Glass
With an integrated and collaborative P2P solution, Procurement and Accounts Payable teams can:
Digitization of the Procure-to-Pay process has moved from a “nice to have” to a “must have”. Efficiency and effectiveness in your P2P process is essential to capturing the value that is created in your negotiated contracts. With Ivalua’s jumpstart packages, digitize your P2P process in just a few weeks. Equipped with built-in configurations and the flexibility to adapt, implement continuous improvements for an efficient, intuitive P2P experience.
PLATFORM
Analytics
Workflow
Integration
AI
Collaboration
Design Mode
Additional Modules
Results from The Hackett Group’s Annual Benchmark Study