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New release features AI-powered contractmanagement, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contractmanagement. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. 212-239-8594.
Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud Spend Management solutions , today announced the general availability of its new platform release 168. The release includes a broad set of innovations to help organizations better manage their spend and suppliers. Learn more at www.ivalua.com. Media Contact.
You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and managecontracts in one place. Ivalua’s ContractManagement module allows you to easily track milestones and consumption in real time across multiple agreements.
It includes sourcing and supplier management, contractmanagement, and procure-to-pay (P2P) functions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management. A well-executed S2P strategy reduces costs, increases visibility, and ensures compliance.
This builds on Ivalua’s recognition as a leader in each individual area, Source-to-Contract , ContractManagement , Supplier Risk & Performance Management and Procure-to-Pay. . “We
While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools. It integrates supplychainresilience and ESG into procurement strategies, offering practical insights through case studies and global CPO keynotes.
By building a world-class operation, with supplychainresilience built-in, Baylor Scott and White’s procurement organization recouped its initial investment within a year and is on track to save $100 million over three years. . It seems that the era of best-in-class supplychain solutions has arrived.
20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supplychainresilience , managing disruptions, and navigating shortages.
The eSourcing solution includes the ability to create RFPs, receive bids from qualified suppliers, analyze supplier performance, and managecontracts all in one place. In addition, our ContractManagement module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.
This year, our discussions covered Invoice Automation, Scope 3 Emissions, ContractManagement, SupplyChain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. Thank you to our guest speakers, Solution Consultants, and the Product Marketing team!
Categories for the Pro-to-Know recognition include but are not limited to Supplier Management, Sourcing, ContractManagement, eProcurement, Form Requests, and AP Automation. I encourage you to connect with these Pros to discover strategies for improving user adoption and maximizing solution value.
Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contractmanagement, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.
Many procurement teams are being asked to deliver value beyond savings alone , strengthening supplychainresilience, reducing compliance risk, and advancing ESG and sustainability goals, at greater speed and without headcount increases. On the demand side, there is pressure to do more with less.
Definitely areas like supplychainresilience, which is a big topic at the moment; we have undertaken a lot of supplychain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.
Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supplychainresilience. It simplifies supplier management by providing a user-friendly interface for tasks such as onboarding, contractmanagement, and performance tracking.
Contractmanagement. SupplyChainResilience The pandemic highlighted the importance of supplychainresilience. As procurement teams strive to meet ESG initiatives and navigate continued economic and geopolitical uncertainties, supplychainresilience continues to be a top priority.
Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.
Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supplychainresilience were able to maintain production and avoid costly delays. Why Do We Need SupplyChain Visibility?
Recent reports pictured about from Deloitte’s CPO Survey in 2019 found that 81% of Procurement Leaders aren’t satisfied with their solutions for SupplyChain Risk & Compliance, 71% aren’t satisfied with existing solutions for SIM, SRM & SPM, 64% aren’t satisfied with their solutions for ContractManagement.
By gaining a comprehensive understanding of their supplychain, organizations can proactively address risks and implement strategies to enhance supplychainresilience. Contractmanagement solutions help organizations streamline the contract lifecycle, from creation and negotiation to execution and monitoring.
May also have integrations with other data points, or offer vendor intake or contractmanagement capability. This is the territory of automated negotiation, game theory, and multi-tier supplychain monitoring when it comes to third party risk and compliance. Able to evaluate non-price factors within the tool.
Collaborating closely with key suppliers fosters innovation, reduces lead times, and enhances supplychainresilience. : From supplier selection criteria to contractmanagement protocols, documented policies establish standards of conduct and mitigate operational risks.
Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Key procurement roles include: Procurement Manager - Leads team to develop strategies and manage processes.
Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supplychain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.
Stakeholders should understand that amalgamating SIM with various management systems and ERP software offers a range of additional benefits. New processes, custom workflows The ability for business users to safely build custom workflows to support new or changing processes is a key advantage of a SIM-enabled landscape.
These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, manage risks, and ultimately, unlock greater value for the business. Our contractmanagement and supplier relationship management services help manage the risks associated with procurement.
It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. It now plays a crucial role in cost savings, risk management, and value creation for organizations.
Here are some key data sources to explore for comprehensive spend analysis: Procurement Systems: Internal procurement systems such as e-procurement platforms, purchase order systems, and contractmanagement systems provide valuable data on purchasing activities, supplier information, and transaction details.
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