Convergint Leverages Ivalua and Deloitte to Streamline Procurement Processes
Convergint Partners with Ivalua and Deloitte for Streamlined Procurement
In a significant move towards digital transformation, Convergint, a leading global systems integrator, has chosen Ivalua's platform to automate its procurement processes. Teaming up with Ivalua and Deloitte, this initiative is set to revolutionize Convergint's Source-to-Pay (S2P) workflows.
The Strategic Decision to Automate
Founded in 2001 and headquartered in Schaumburg, Illinois, Convergint has established itself as a powerhouse in the design, installation, and servicing of various systems, including electronic security, fire safety, and building automation. With over 10,000 employees worldwide and a revenue exceeding $2.6 billion in 2024, the company recognized the need to enhance its operational efficiency.
In searching for solutions to meet its specific procurement requirements, Convergint discovered that Ivalua's platform provided comprehensive capabilities for managing both indirect and direct spending, with particular emphasis on direct materials sourcing. This comprehensive approach made Ivalua's S2P solution the preferred choice.
Ivalua’s Solution: Automation and Visibility
Ivalua's S2P platform will be pivotal in creating a central hub for procurement at Convergint. This will allow for automation in several key areas, such as the creation of purchase orders, improving collaboration with sales teams, and simplifying supply chain interactions. By adopting this platform, Convergint aims to gain better visibility into its procurement activities, enhance order fulfillment, and speed up service delivery by minimizing manual processes.
Additionally, Ivalua's integration with Convergint’s Customer Pricing Quote tool will facilitate real-time updates of supplier products and pricing directly from Ivalua catalogs. This capability is expected to significantly expedite procurement processes, allowing Convergint to respond more swiftly to customer needs.
Doug Kortfelt, Chief Procurement Officer of Convergint, expressed confidence in the selection of Ivalua, stating, "We selected Ivalua for its ability to adapt and meet our business needs with a focus on delivering a near-touchless procurement experience." This optimism reflects Convergint's commitment to enhancing its service delivery and fulfilling its mission as a superior service provider to customers.
The Role of Deloitte
Deloitte's involvement in this collaboration emphasizes their expertise in consulting and evaluation. Brent Griffith, Consulting Managing Director at Deloitte, highlighted Ivalua’s capability to integrate with a complex tech stack that includes ERP, CRM, and other essential business applications, aligning perfectly with Convergint’s ambitious modernization strategy. This integration is crucial for addressing the intricate requirements related to construction, maintenance, and order fulfillment.
Looking Ahead: Implementation and Growth
The implementation of Ivalua's solutions is set to commence immediately, with a phased rollout planned over the upcoming months. Convergint, Ivalua, and Deloitte are committed to a collaborative approach to ensure that the platform meets Convergint’s specific needs and generates real benefits.
This partnership marks a pivotal moment for Convergint as it sets out to not only enhance its procurement processes but also to position itself for sustained growth in the competitive technology landscape. By embracing automation and advanced spend management, Convergint is laying the groundwork for continued excellence in service delivery.
Conclusion
Through its partnership with Ivalua and Deloitte, Convergint embarks on a transformative journey aimed at optimizing procurement processes. As the implementation progresses, the outcomes will be closely observed by industry stakeholders, given the emphasis on efficiency, visibility, and the potential for improved operational performance. The future looks bright for Convergint as it embraces innovation and strives to maintain its competitive edge in a fast-evolving market.