On the heels of healthy 2016 company growth, global procurement technology provider Ivalua has enhanced key products. Ivalua, based in the Paris suburb of Orsay, provides e-procurement and supply chain management technology.
In 2016, Ivalua reported a 140% increase in the number of new subscribers compared with 2015, with 250 customers now across several industries including manufacturing, healthcare, automotive and oil-and-gas. It said it ended the year with 45% more users of its technology worldwide. It also opened new offices in New York, Montreal and London, and expanded agreements with channel partners in Latin America and Canada.
The company last week rolled out enhanced industry-specific technology for several of its key industries, and upgraded software purchasing packages.
For manufacturers, Ivalua launched advanced functionality in its software, including cost breakdown analysis, build-to-order sourcing, mass supplier deliveries, and approved supplier lists by plant and commodity, among others.
For the healthcare industry, Ivalua launched upgraded tools for group purchasing organization sourcing and management, provider contracting and mobile tools for physicians.
Oil, gas and energy industry advanced technology includes spot sourcing of requests from preferred suppliers and review of supplier safety practices, along with other tools.
Ivalua also announced packaged technology tools to meet common spend management scenarios that include pre-assembled, standard functionality and services for managing sourcing and contracts, “procure to pay” electronic order and invoice processing, and other tools.
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