University of Chicago Medicine Selects Ivalua

University of Chicago Medicine Selects Ivalua

Cloud-based software selected to improve visibility and control over contract management at leading medical system.

Orsay, France - December 8, 2015 - Ivalua, a leading global spend management solutions provider, announced today that the University of Chicago Medicine, a leading center for medical care, will use Ivalua's solution to more efficiently manage contracting processes with more than 2,500 suppliers.

"This is an important step forward for University of Chicago Medicine, and we look forward to a much more effective way of managing our contracts to better serve our patients and community," said Mike Carey, Director of Purchasing, University of Chicago Medicine.

Ivalua provides procurement and finance teams at top performing organizations with a cloud-based software suite for managing a global base of suppliers, spend, contracts and strategic decision-making tied to a proven purchase-to-pay foundation. At the University of Chicago Medicine, Ivalua will provide a standard technology platform for all stakeholders involved the contracting process.

University of Chicago Medicine will use Ivalua's contract management system to:

• Enable structured and efficient collaboration within internal teams of users and also with suppliers;


• Consolidate the management of activities and processes that had previously been handled by multiple, separate applications including many manual processes;


• Enhance visibility and access to new and existing contracts within a single, integrated platform.

"Healthcare is an industry that has very specific requirements and regulations around data privacy and information security, and these are areas in which Ivalua excels," said Dan Amzallag, CEO, Ivalua, Inc. "We're honored that the University of Chicago Medicine chose Ivalua and we look forward to working with them to bring new levels of efficiency to their world class operations."

About University of Chicago Medicine

The University of Chicago Medicine, one of the nation's leading academic medical institutions, has been at the forefront of medical care since 1927, when it first opened to patients. Today, UCM operates four hospitals and a state-of-the-art ambulatory-care facility located within a medical center campus. UCMC's mission is to provide superior health care in a compassionate manner, ever mindful of each patient's dignity and individuality. To accomplish this mission UCM relies upon the skills and expertise of all who work together to advance medical innovation, serve the health needs of the community and further the knowledge of those dedicated to caring.