Ivalua stories
Over 4 million UK businesses have raised prices amid soaring costs, risking supplier stability and supply chain health ahead of possible tax hikes.
Only 32% of UK firms use AI in procurement, risking competitive disadvantage as early adopters gain efficiency and resilience in supply chain management.
Shadow spend drains UK firms' margins, with £1 in every £10 untracked, but AI and automation offer promising solutions to boost spend visibility and control.
Only 25% of UK firms have embraced circular economy practices, risking higher costs and lower competitiveness amid sustainability challenges, research reveals.
Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.
Nearly a third of UK businesses fell victim to invoice fraud in the past year, with only 39% preventing fraudulent payments.
Ivalua to digitise NCC Sweden's supply chain with advanced risk and performance management, aiming to curb annual revenue losses of up to 15%.
Over half of UK businesses fear unintended 'greenwashing' due to unclear carbon footprint reporting, as gov't considers stricter emissions disclosure rules.
Procurement teams could get faster invoice checks and contract searches, while Ivalua bets on tighter governance with a single AI agent.
Procurement teams will be able to handle sourcing, invoicing and supplier risk in one interface, as Ivalua adds AI agent IVA Studio.
AI is set to transform procurement by 2026, making data governance, security and human-machine collaboration central to buying decisions.
Over half of procurement leaders have boosted tech budgets, embracing AI and data to enhance efficiency amid rising challenges, reveals new global report.
BAE Systems Australia partners with Ivalua to enhance supply chain sustainability, streamlining operations and compliance.
A new State of Source-to-Pay Digitization report reveals procurement leaders prioritising data and AI for future innovations.
Ivalua has launched its External Workforce Management solution, designed to streamline the management of external talent and costs within its Source-to-Pay platform.
Ivalua has partnered with Visa to unleash £400 billion in trapped supply chain liquidity, enhancing global corporate card use and improving cash flow.
Accenture has identified Ivalua as a leading provider in the direct materials sector, highlighting the promise of its spend management solution to bolster supply chain resilience.
HDF Energy digitises Source-to-Contract operations using Ivalua and Cyrias, boosting efficiency and transparency.
Ivalua unveils a new Intelligent Virtual Assistant, driven by Generative AI, set to revolutionise business efficiency.
The study reveals that half of procurement leaders (50%) think that the rate of digitisation within procurement is too slow.
