Ivalua

Create a sourcing event in Ivalua.

Invite vendors to the Supplier Portal.

Automate document collection via IVA.

Verify compliance through integrated risk feeds.

Approve and sync to ERP.

Aggregate spend data into Ivalua Spend Analytics.

Use AI to categorize and group common items.

Identify top vendors by category.

Run a global RFP to negotiate consolidated rates.

Implement catalogs to enforce contract compliance.

Upload contracts to Ivalua CLM.

AI extracts 'Expiration Date' and 'Notice Period'.

System triggers automated alerts 90 days prior.

Purchasing team reviews performance metrics in Ivalua.

One-click renewal or termination notice generation.

Import BOM from PLM system.

Collaborate with suppliers on technical specs within the platform.

Analyze quotes for individual components.

Select vendors based on total cost of ownership (TCO).

Sync awarded parts to the manufacturing ERP.

Launch supplier sustainability surveys.

Incorporate ESG scores into sourcing award criteria.

Track actual shipment data and associated carbon footprints.

Generate audit-ready ESG reports for corporate disclosure.

Invoices arrive via Ivalua e-Invoicing.

System performs 3-way match (PO, Receipt, Invoice).

AI checks for duplicate banking details or anomalous amounts.

Flagged invoices routed to human review.

Verified invoices pushed to ERP for payment.

Deploy IVA for guided buying for non-catalog items.

AI suggests preferred vendors for spot buys.

Automate purchase order generation for approved categories.

Monitor tail spend for patterns to move into catalogs.

Report on savings achieved through managed tail spend.