Ivalua, a global leader in cloud Spend Management solutions, today announced that it has been recognized as a Leader by Forrester Research Inc. in "The Forrester Wave™: eProcurement Platforms, Q4 2019."
As stated in the report, eProcurement platforms "give CPOs complete, timely visibility of who is buying what from whom by helping employees get the products and services they need for their work."
Ivalua was ranked as a Leader based on its scores in the current offering and strategy criteria. The current offering components scored include product procurement, services procurement, approvals, reporting, supplier adoption and globalization. The strategy category considered product and corporate strategy. Customer references were also part of the evaluation.
In its vendor profile section, the report notes that "Ivalua has one of the smartest, most flexible, and easy-to-use suites" and that "[i]ts modular architecture and commercial model enable customers to start with eProcurement and expand over time towards a full ePurchasing suite." The report also notes that "Ivalua leads the field in infusing AI-driven aids and alerts to users throughout its suite."
This report continues the growing 3rd party recognition of Ivalua in the eProcurement market. In August of this year Ivalua was recognized as a Leader in Gartner's Magic Quadrant for Procure-to-Pay Suites. In May, Ivalua was awarded the best P2P Specialist Provider by an independent panel of industry veterans at the 2019 World Procurement Awards.
"eProcurement technology has advanced greatly in recent years. Effective solutions today provide employees the consumer-like purchasing experience they expect while freeing procurement staff to focus on more strategic activities," said David Khuat-Duy, Corporate CEO of Ivalua. "We are proud to be recognized as an eProcurement leader in this evaluation."
About Ivalua
Ivalua is the Procurement empowerment platform. Recognized as a Leader by Gartner and other analysts, Ivalua's Source-to-Pay suite is leveraged by over 300 leading companies across the globe to manage over $500 Billion in direct and indirect spend. The platform's combination of ease-of-use, depth, breadth, and flexibility ensures high employee and supplier adoption, rapid time to value and the ability to meet unique or evolving requirements, evidenced by the industry's leading 98%+ retention rate. Realize the possibilities at www.ivalua.com. Follow us at @Ivalua.
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