GKN plc selects Ivalua for optimising its Source-to-Pay processes

Press Release

GKN plc selects Ivalua

for optimising its Source-to-Pay processes

Paris, June 4th 2015 - Ivalua and GKN plc announced today the adoption of Ivalua's Source-to-Pay (S2P) suite including , , , and modules to improve current business process and increase efficiencies both internally and with their supplier community.

The implementation of Ivalua platform, interfaced with their current systems covering Enterprise Resource Planning environments will allow GKN to consolidate disparate processes, currently stored in various applications, bespoke databases and spreadsheets, into one unified fully integrated platform and ultimately to gain better visibility on both direct and indirect spend representing €2 bn.

The platform will be accessible to the GKN Procurement network including more than 250 Procurement staff, 2 500 requisitioners and approximately 6 000 suppliers.

"As our business environment continues to evolve, we've been seeking a partner that can provide innovative Spend Management tools covering the whole of our Purchasing department activities with standard features, yet modular and flexible to adapt to our needs. We believe Ivalua has the right tools, processes and technology to help us on our Driveline Excellence System" said José Luis SAINZ - VP Direct Commodity Purchasing & Strategic Sourcing for GKN Driveline.

"We're very pleased GKN Driveline Division has chosen Ivalua and we're looking forward to delivering solutions that have a meaningful impact on the firm's Spend Management strategy" says Gérard DAHAN General Manager EMEA for Ivalua. "This is a clear vote of confidence in the in-depth Spend Management expertise that we can offer a leading company like GKN."

About Ivalua

Ivalua is a global provider of spend management solutions and a leader in Gartner's 2015 Strategic Sourcing Magic Quadrant. Ivalua's cloud-based software is used by procurement and finance organizations in large, global companies, and every day more than 300,000 users and millions of suppliers from over 70 countries log into the Ivalua platform.

Ivalua offers a single platform solution with highly configurable functionality across all major procurement and finance processes, including performance and risk tracking, sourcing, contracts, procure-to-pay, invoice automation and analytics. The breadth and flexibility of Ivalua's offering accelerates user adoption, spend category coverage and bottom-line savings.

About GKN

GKN plc is a global engineering business serving the aerospace, automotive and land systems markets. It has operations in more than 30 countries, around 51,000 employees in subsidiaries and joint ventures and had sales of £7.5 billion in the year ended 31 December 2014. GKN plc is listed on the London Stock Exchange (LSE: GKN).

Press Contacts :

Aurélie LUCAS IVALUA Marketing & Communication Manager Tel: +33 1 64 86 54 90 -

Fanny LUCAS IVALUA Marketing & Communication executive LD : +33 1 64 86 45 07 -