Alliance addresses enterprise-wide spend visibility, efficiency, compliance, accountability, supplier management and cost reduction challenges
KPMG LLP and Ivalua, a leading spend management solutions provider, announced an alliance to combine Ivalua's source-to-pay (S2P) cloud platform with KPMG's proven procurement process, implementation and change management capabilities.
The alliance will help procurement departments realize savings and conserve cash, automate end-to-end source-to-pay processes, improve control, lower risk, and enable agility and innovation.
Samir Khushalani, practice leader for KPMG's Procurement and Operations in the Americas, said, "This alliance will help clients deliver greater value from procurement by providing a wider view into organizational spend, reducing cost and supplier risk and increasing compliance for existing policies and procedures. With Ivalua, we're helping procurement become a nimble, informed business partner well-positioned to support strategic initiatives."
"Ivalua provides a modern Cloud Spend Management suite for source-to-pay, supplier management, risk and spend analysis in a single organic application," said Dan Amzallag, CEO, Ivalua Inc. "Our alliance with KPMG brings to the market a powerful solution to guide procurement leaders through the strategy, design and implementation of a procurement transformation to achieve 'value beyond savings.'"
Both KPMG and Ivalua are recognized market leaders in the area of procurement services. Ivalua has received accolades from leading analysts for industry magic quadrants for strategic sourcing and procure-to-pay solutions. KPMG received recognition from SpendMatters as a "Top 50 Provider to Know" in Procurement from 2014-2016, and as an ALM Intelligence Vanguard Leader of Sourcing & Procurement Consulting in 2015.
"Partnerships such as this are a 'win/win' for the market," said Jason Busch, founder and head of strategy, Spend Matters. "The increasing diversity and capabilities of source-to-pay procurement technologies combined with individual organizational needs makes 'one size fits all approaches' less appealing than before. Consultancies such as KPMG are doing their clients a service by partnering with a range of providers offering unique capabilities, and technology providers like Ivalua are bringing benefits to their customers and reducing implementation risk by working with experienced, third-party advisory and technology professionals."
KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates.
Located in the heart of Silicon Valley, Ivalua helps Procurement leaders create a competitive advantage by maximizing Value Beyond Savings. Ivalua's Out-of-the-box Deep Functionality and Configurable Cloud is fast to deploy and enables high supplier and employee adoption. Ivalua has been deployed to manage over $500 Billion in spend and has 35 "Fortune 500" companies among its 250 clients. Ivalua has witnessed consistent growth and profitability since 2000.