REDWOOD CITY, Calif.,
Oct. 21, 2020 /PRNewswire/
-- Ivalua, a global leader in spend management, today
announced that it has been named a Leader in the 2020 Gartner
"Magic Quadrant for Procure-to-Pay Suites." The Gartner report
evaluated full-suite procure-to-pay solutions from 14 different
software vendors across a broad set of criteria, placing Ivalua in
the Leaders quadrant based on its ability to execute and
completeness of vision.
P2P suites optimize the purchasing process, supporting improved
financial controls, process compliance, cost savings and risk
mitigation. They also improve employee productivity, particularly
when employees work remotely. They deliver four basic capabilities:
e-purchasing functionality, access to catalog content, e-invoicing
and accounts payable invoice automation.
Ivalua notes that this continues the growing recognition for its
P2P solution, which was recently positioned as a Leader by
Forrester Research Inc. in "The Forrester Wave™: eProcurement
Platforms, Q4 2019" and awarded the best P2P Specialist Provider by
an independent panel of industry veterans at the 2019 World
Procurement Awards. Ivalua was also positioned as a Leader in the
preceding Gartner Magic Quadrant for Procure-to-Pay Suites.
"Ivalua is proud to once again be recognized by Gartner as a
Leader in Procure-to-Pay," said David
Khuat-Duy, Corporate CEO of Ivalua. "Our focus on ensuring a
great experience for both users and suppliers is key to our
customers' success. We believe this latest recognition is further
evidence that, with Ivalua, companies don't have to compromise
between best-of-breed capabilities and a complete suite."
Read a complimentary copy of the full October 2020 report to get an up-to-date
view of the market and vendor offerings.
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Ivalua
Ivalua is a leading provider of cloud-based Spend Management
solutions. Our complete, unified platform empowers businesses to
effectively manage all categories of spend and all suppliers,
increasing profitability, lowering risk and improving employee
productivity. Trusted by hundreds of the world's most admired
brands, Ivalua maintains the industry's leading 98%+ customer
retention rate. Learn more at www.ivalua.com.
Media Contact
Michael
Gallo
Lumina Communications for Ivalua
212-239-8594
Ivalua@Luminapr.com
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SOURCE Ivalua