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Ivalua Achieves 393% ROI in Just Six Months

Ivalua, recognized as a global frontrunner in spend management solutions, has unveiled impressive findings from a recent Forrester Consulting Total Economic Impact (TEI) study. The research indicates that organizations employing Ivalua's system experienced a remarkable 393% return on investment (ROI) over three years, with the ability to pay for itself in less than six months.

Conducted by Forrester, the study involved in-depth conversations with a diverse array of Ivalua's clients, covering industries such as aerospace, defense, insurance, construction, energy, and industrial manufacturing. The encouraging results showcase a pattern of benefits across varying sectors, irrespective of their sizes or operational maturity. This variability was encapsulated into a composite organization model, simulating a $1 billion revenue company.

The quantitative analysis produced several key takeaways, including:

• - A stunning $31.9 million in present benefits over three years compared to $6.5 million in associated costs, leading to a net present value (NPV) of about $25.5 million.
• - A significant 80% decrease in the time required for onboarding suppliers.
• - An improvement in accounts payable (AP) processes, where 90% of efforts were transitioned to near-touchless invoice handling, saving $1.3 million.
• - The elimination of six obsolete legacy systems, which also resulted in a cost reduction of $1.2 million by consolidating data onto a single platform.
• - Enhanced compliance and risk management capabilities.
• - Effective support for environmental, social, and governance (ESG) initiatives, facilitating streamlined reporting.
• - Increased scalability to accommodate organizational growth.

Several clients provided testimonials reflecting on their experiences with Ivalua’s platform. One Senior Vice President in Purchasing emphasized the newfound agility, saying, "We can now source, negotiate, and secure contracts in mere days instead of the weeks it used to take. This efficiency allows us to respond to business needs in real-time."

Another high-ranking procurement officer from the construction sector remarked on the transformational nature of the platform: "The automation and easy access to catalogs have significantly slashed our operational time. It's been revolutionary for our indirect procurement processes."

The visibility that Ivalua provides was also highlighted by a Senior Director in Aerospace and Defense, stating, "Now, we have complete clarity on our supply chain – from identifying who our suppliers are to understanding our spending patterns and potential risks."

Franck Lheureux, CEO of Ivalua, commented on these findings: "Our goal has always been to empower procurement functions to yield strategic impacts. This independent research validates that our integrated and adaptable platform generates considerable, measurable value faster than any competitor in the market."

For further details and insights, the complete Forrester TEI study can be accessed through Ivalua's website.

Ivalua continues to position itself as a prominent provider of AI-powered, cloud-based spend management solutions, helping businesses efficiently manage their consolidated spending across various suppliers. Highly regarded by industry analysts such as Gartner, Ivalua is trusted by numerous leading global brands. To discover more, visit www.ivalua.com.