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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

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REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. About Ivalua.

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Ivalua Study: Tech Challenges Hinder Procurement

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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

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Why Disparity Studies Aren’t Enough to Improve Supplier Diversity

DemandStar

If you’re part of any government procurement team, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.

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It Pays to Partner! Ivalua + C2FO: A Powerful Strategic Payments Pair

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As a result, Ivalua customers’ buyers can strategically align all 3 teams- finance, procurement, and treasury- to complete a holistic, tightly integrated Procure-to-Pay strategy. The Finance team can focus on the release of low-cost finance and target yield-based saving programs. What’s more?

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86% of UK businesses face barriers developing digital skills in procurement

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Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. More than eight-in-ten (84%) UK businesses believe that the skill set required of procurement professionals has shifted from procurement-first to digital-first.

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We’re BACK! 5 Reasons to attend 2022 Ivalua NOW Paris: Stronger Together

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Our first day will feature Ivalua’s Founder and CEO, David Khuat-Duy , offering his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurement teams and suppliers. Breakout : Data-Driven Procurement.

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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

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At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings. please visit: [link]. About the study.