Ivalua Achieves IRAP Assessment in Australia, Enhancing Security Credentials

Ivalua Achieves IRAP Assessment in Australia

Ivalua, a renowned global leader in spend management solutions, has made significant strides by successfully completing the Information Security Registered Assessors Program (IRAP) Assessment in Australia. This important evaluation allows the company to demonstrate its commitment to maintaining the highest standards of data protection, particularly for organizations that handle sensitive information.

The IRAP framework has been established by the Australian Signals Directorate (ASD) to assess and enhance the security practices of organizations dealing with sensitive data. This independent evaluation serves as a rigorous standard for cloud providers, inspiring confidence among Australian Commonwealth agencies in their choice of cloud and Software-as-a-Service (SaaS) vendors.

What the IRAP Assessment Means for Ivalua

Ivalua's achievement in passing the IRAP assessment showcases its capability to align with the stringent requirements of the Australian Information Security Manual. The successful assessment brings several critical advantages for both Ivalua and its clients:

1. Independent Assurance: The evaluation provides an independent assurance that Ivalua has robust technical and organizational safeguards in place to protect sensitive information.
2. Sensitive Government Workloads: Ivalua's compliance now extends to the management of workloads that address sensitive government data, a crucial requirement for public sector partners.
3. Streamlined Procurement: With validated evidence of its critical security controls, Ivalua paves the way for an expedited procurement process, reducing the audit burden for organizations looking to partner with reliable vendors.

This accomplishment not only fortifies Ivalua's standing in the spend management industry but also empowers its strategic clients in the public sector to seek an Authority to Operate (ATO) from an authorized officer within the Australian Government.

Ivalua's Commitment to Security and Transparency

Amit Maloo, Chief Information Security Officer at Ivalua, remarked, "Achieving the IRAP OFFICIAL Sensitive level reflects Ivalua's long-standing focus on transparency and maintaining robust security across our platform." He emphasized that this achievement aligns with Ivalua's commitment to providing solutions that ensure compliance with the highest data protection standards.

Moreover, this milestone complements Ivalua's extensive portfolio of globally recognized security certifications, such as ISO 27001 for information security, TISAX Level 2 for the automotive sector, and FedRAMP compliance for the US public sector. These endorsements further secure Ivalua's reputation as a trusted partner for organizations in various sectors, including defense, government, and financial services. Distinguished clients such as BAE Systems, CACI, and Thales are already reaping the benefits of Ivalua's superior security frameworks.

Advanced Spend Management Solutions

Ivalua is not just a compliance-focused organization; it offers a robust unified Source-to-Pay platform powered by AI technology. This allows businesses to effectively manage all categories of expenditure and supplier relationships, fostering increased profitability, improved sustainability, lower risk profiles, and enhanced employee productivity.

The recognition from the Australian Government through the IRAP assessment positions Ivalua as the preferred technology partner for the most security-conscious enterprises around the globe. It reassures clients that their sensitive information is handled responsibly, thus enabling them to focus on their core operations while enjoying improved procurement processes.

As organizations worldwide strive to modernize their procurement operations and elevate their security practices, Ivalua continues to lead by example, developing innovative solutions that meet the evolving needs of its clients.

For more information about Ivalua’s offerings and its commitment to security, visit www.ivalua.com or follow the company on LinkedIn.