This week saw Ivalua make its new platform release, 166, become widely available to customers. Designed to empower customers to better manage their spend and suppliers. Customer’s can leverage this solution to make smarter and faster decisions around supplier relationships and sourcing initiatives, improving the capture and recognition of savings, increasing accounts payable automation and ensuring accessibility for all.
What else can we expect from the new release?
Sourcing Decision Center (SDC)
Intuitive and powerful sourcing optimisation capabilities will empower any user to leverage optimisation and make smarter allocation and supplier selection decisions.
Sub-Tier Supplier Management
Simply put, the Covid-19 crisis has revealed the risk exposure of many organisation’s supply chains due to their suppliers’ suppliers. A newfound visibility into a supplier’s Sub-tier network will allow customers to better understand their true supply chain risk. Thanks to visual mapping of the sub-tier network, supplier dependencies, areas of high risk or opportunities to drive innovation and better orchestrate spend can easily be identified and acted upon.
Procurement and Finance will now be able easily define, manage and track savings according to their own internal guidelines, ensuring that significant savings that are generated can be recognised financially.
The cornerstone of what is described as Ivalua’s ‘next generation’ Accounts Payable automation solution. With streamlined AP workflow, touchless non-PO handling, and powerful new tax compliance capabilities, invoice processing is now significantly faster. These capabilities ensure customers can process any invoice from anywhere in an efficient and effective manner.
Public and Supplier Portals now meet the requirements of the international standard known as Web Content Accessibility Guidelines (WCAG) 2.1 Level AA criteria to provide access for all workers, an area of significant importance to Ivalua and many of its customers, especially in the public sector and EU.