Ivalua announces several innovative additions to the spend analysis module
IVALUA ANNOUNCES SEVERAL INNOVATIVE ADDITIONS
TO THE SPEND ANALYSIS MODULE
Orsay, October 6, 2014 - Ivalua presents the latest product innovations for its Ivalua Buyer Spend Management platform, including a number of new features in the Spend Analysis module. These innovations reinforce Ivalua's leading position in the Spend analytics technology, as well as on the broader aspect of full lifecycle Spend Management, by offering a powerful, ergonomic and integrated tool that gives a 360° vision of purchasing.
Spend analysis: a tedious process
With respect to spend analysis, large international companies all face the same challenges. On the one hand, they must collect, summarise and analyse purchasing data from heterogeneous information sources (in certain cases, this can represent multiple disparate systems). On the other, a huge amount of data must be cleansed, normalised and standardised (invoices, orders, supplier accounts, etc.).
Ivalua Buyer V8 Spend Analysis: an easier job for procurement teams and more reliable data
The new features found in the Ivalua Buyer V8 Spend Analysis provide an answer to important issues:
A new spend classification tool provides real-time display of the percentage of spend remaining to be classified, prioritises according to chosen criteria, such as amount, supplier and commodity. Helping users by automatically proposing classification rules corresponding to the line detail of invoices. Once validated these rules classify the invoice history lines retrospectively and are then used to automatically classify future invoice lines.
A new supplier duplication removal tool provides fast, simple identification of duplicates using configurable search filters (for example, a search algorithm based on same address, email address, DUNS code, VAT number, etc.). In addition to the duplication removal, the tool enables supplier file data and changing hierarchies to be merged. Associated with our continued focus on ease of use has brought in some improvements to search results.
A new analysis console lets users create advanced multi-analysis dashboards, online, on demand, and in just a few clicks. Once created, users benefit from advanced filters (such as inclusion/exclusion, user perimeter, date to date, top, etc.) along the possibility of adding calculation formulas on the fly. Results can be presented as a pivot table and/or as graphics (curves, pie charts, vertical or horizontal histograms, radars, drill down and zoom, etc.) and shared with other users as required.
"These innovations allow our clients to significantly reduce the time and effort that goes into cleansing and summarizing supplier information. This lets them improve the quality of spend data and enables the Procurement Department to focus on strategic analysis and management," states Gérard Dahan General Manager EMEA at Ivalua.
Ivalua Buyer V8: an integrated solution for an all-around vision of Procurement
The advanced new functionalities of cleansing and spend analysis round out the Ivalua Buyer V8 solution, the market's most fully integrated Spend Management platform, where each module shares a unique supplier repository. In this way, Ivalua Buyer V8 enables users to consolidate purchasing data from any module (e-Procurement, e-Sourcing, Contracts, Invoices, Performance Assessment, Risks, etc.) to create reliable 360° purchasing analyses. The resulting visibility enables and support the successful execution of action plans and offers an overview of the amount spent per supplier with the levelof detail to increase leverage of Spend with the suppliers.
"Adopted by many large international groups, including the Ivalua Buyer V8 Spend Analysis module is the tool of reference for all companies wanting to enlarge and share a company-wide vision of spending" concludes Gérard Dahan.
About Ivalua
Founded in January of 2000, Ivalua is currently ranked among the leading worldwide Spend Management solution providers. Successful in both Europe and the US, Ivalua has deployed several hundred projects for large international companies in a wide range of industries. In light of its experience and of its multi-sector expertise, Ivalua continues to support an extremely proactive product innovation policy that centers on bringing its users the greatest value, efficiency and ease of use, day in and day out. For more information, please visit
Press Contacts:
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Aurélie LUCAS IVALUA Marketing & Communication Manager Phone : +33 1 64 86 54 90 - |
Fanny LUCAS IVALUA Marketing & Communication executive Phone : +33 1 64 86 45 07 - |