Ivalua Strengths, Domain Expertise, and Key Differentiators
Ivalua provides a unified platform solution featuring extensively customizable capabilities for key procurement and finance processes. This includes performance and risk monitoring, sourcing, contract management, procure-to-pay, invoice automation, and analytics. The expansive and adaptable nature of Ivalua's solution promotes swift user adoption, comprehensive spend category coverage, and significant bottom-line savings.
Ivalua Recent Developments
In August 2023, Ivalua introduced the general availability of its latest platform release, version 178. This release underscores Ivalua's increased investment in research and development, showcasing a comprehensive array of innovations. These innovations focus on advancing contract digitization and analytics, improving visibility to optimize diverse purchasing activities, expanding global e-invoicing compliance, facilitating new scenarios for virtual card payments, and incorporating a built-in digital adoption layer.
As of July 2022, Ivalua unveiled the general availability of its latest platform release, version 174. This release incorporates a diverse range of innovations designed to empower leaders in Procurement and Supply Chain. The enhancements aim to facilitate improved collaboration among internal stakeholders and suppliers, proactively address supplier risk and performance issues, enhance efficiency and visibility in contracting, and elevate guidance and effectiveness throughout the procure-to-pay process.
In July 2021, Ivalua revealed the expansion of its Procure-to-Pay solution through the introduction of a novel Inventory Collaboration feature. This enhancement facilitates the efficient and automated handling of inventory levels, stock replenishment procedures, and collaboration with suppliers for Vendor Managed Inventory (VMI). It caters to the management of both indirect spending and direct materials requirements. Ivalua's seamlessly integrated Inventory Collaboration solution enables customers to enhance the efficiency and optimization of inventory levels in tandem with the overall procure-to-pay process. This empowers procurement and other business users to make more informed decisions regarding purchasing and planning.
As of July 2020, Ivalua attained the FedRAMP Ready status for moderate impact certification and is now featured on the FedRAMP Marketplace. FedRAMP is a government-wide initiative offering a standardized framework for the evaluation, authorization, and ongoing monitoring of security in cloud products and services.
In June 2020, Ivalua introduced a pre-packaged suite of solutions tailored for the financial services sector. These comprehensive packages cover the entire source-to-pay process, empowering financial services clients to enhance agility in regulatory compliance and expedite cost optimization to contribute greater value to their businesses. Built on the same unified code base as Ivalua's full suite, this package provides all the capabilities and extensibility of the Ivalua platform. Clients have the flexibility to manage all expenditures and suppliers through a single platform or selectively utilize modules to address specific processes. This allows financial services customers to efficiently implement industry-specific best practices for rapid value delivery, while retaining the flexibility to adapt to evolving regulatory landscapes or implement unique processes for a competitive edge. In the preceding year, Ivalua also launched specialized solutions for the Manufacturing, Healthcare, and Government industries.
Ivalua Mergers and Acquisitions (M&A) Activities
In October 2017, Ivalua acquired Directworks to enhance its capabilities in helping customers manage direct materials and cater to the specific requirements of the manufacturing industry.
Ivalua Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Ivalua applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Ivalua and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Ivalua Platform customers.
Ivalua Overview
805 Veterans Blvd, Suite 203
Redwood City, CA, 94063, United States
1 650-930-9710
https://www.ivalua.com/
Ownership: - x
Number of Employees: 900
Functional Markets: Procurement, SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Ivalua Key Enterprise and Cloud Applications
Ivalua Platform
Ivalua Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Ivalua Revenue Breakdown By Type, $M:
Ivalua Enterprise Applications Revenues By Functional Markets, $M:
Ivalua Enterprise Applications Revenues By Verticals, $M:
Ivalua Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Ivalua Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Ivalua Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Ivalua Customers
No. of Ivalua Customers: 400
No. of Ivalua Enterprise Applications Customers: 400
No. of Ivalua Cloud Customers: x
No. of Ivalua Cloud Subscribers: x
Brands hailing from Europe, the U.S., Canada, South America, and APAC leverage Ivalua's Procurement empowerment platform to digitize processes, foster innovation, and enhance agility. Ivalua's extensive customer base spans 400 clients across pivotal industries, including financial services, the public sector, manufacturing, healthcare, automotive, oil and gas, and energy. Notable among Ivalua's diverse clientele are Booking.com, Körber AG, Genel Energy, IKEA, Rogers, Veolia, Credit Suisse, Cleveland Clinic, Verallia, Piramal, Bulgari, Menabev, SA Water, and others.
Ivalua Market Opportunities, M&A and Geo Expansions
In August 2023, Ivalua collaborated with parasus, a consulting and implementation specialist based in Germany, to enhance its services for customers in German-speaking markets and broaden its network of certified partners. With a growing trend of organizations transitioning from complex holistic solutions to a best-of-breed approach, this partnership aims to facilitate a swift and seamless switch for customers.
In June 2023, Ivalua joined forces with Metier, a Norwegian consulting firm and a subsidiary of Tetra Tech, to facilitate the digital transformation of organizations in Norway. Through this collaboration, Metier gains the capability to provide comprehensive implementation of Ivalua's solution to its customers. This encompasses advisory services, the development of operating models, program and project management, digital transformation, change management, and training.
In November 2022, Ivalua joined forces with Raqmiyat, a system integrator and digital enabler. This collaboration aims to facilitate the eProcurement digitalization for a growing number of organizations in the Middle East. The impetus for this digitalization stems largely from the necessity to align with guidelines set by local governments in the region.
In October 2021, Ivalua established a partnership with TransferMate. This strategic collaboration enhances the payment capabilities introduced by Ivalua earlier in the year, ensuring a seamless source-to-pay journey for customers and facilitating frictionless international payments for all suppliers, regardless of their location. Ivalua Payments bring much-needed collaboration, automation, transparency, and speed to a traditionally inefficient and costly process. By unifying Procurement and Finance, customers can engage in trade for goods and services at the optimal price and ensure secure, efficient, and cost-effective on-time (or early) payments. This not only enhances supplier liquidity and supports their financial well-being but also fortifies relationships, creating robust links within the global supply chain.
Ivalua Risks and Challenges
Recent leadership changes at Ivalua may result in shifts in the company's strategies and objectives.
Ivalua Ecosystem, Partners, Resellers and SI
In December 2023, Ivalua revealed a strategic collaboration with the Berlin-based transformation specialist, jupitos. This partnership allows Ivalua to broaden its partner ecosystem by adding an implementation and integration specialist with profound expertise in deploying the Ivalua platform and integrating it seamlessly into existing SAP backends.
In October 2021, Ivalua forged a partnership with OMNIA Partners to enhance the purchasing power of Ivalua's customers. This collaboration enables users to access pre-negotiated contracts directly through Ivalua's platform, facilitating greater and quicker savings across both indirect and direct categories. The joint efforts of Ivalua and OMNIA Partners aim to expedite access to pre-negotiated pricing, saving sourcing groups considerable time and accelerating procurement against these contracts for more efficient savings capture.
Ivalua carefully selects its partners based on their expertise, skills, and experience in providing solutions that not only meet but exceed customer expectations. These partners are categorized into Implementation, Consulting, and Technology Partners.
Some of Ivalua's esteemed partners include KPMG, Accenture, Capgemini, PwC, Tata Consultancy Services, The Shelby Group, RiseNow, CGI, Bengs, Kronos, Capita, Touchstone, Eccovadis, Ellisphere, and numerous others.
Ivalua Cloud Infrastructure Insights
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- Ivalua Public Cloud and Infrastructure (IaaS)
- Ivalua Platform (PaaS)
- Ivalua Application Delivery
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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