REDWOOD CITY, Calif., Jan. 20, 2025 /PRNewswire/ -- Ivalua , a global leader in spend management, today announced that its founder, David Khuat-Duy, is assuming a newly created role of Chief AI Officer, passing the CEO position to Franck Lheureux, who has served in executive roles at Ivalua for the past 7 years, most recently as CRO. The shift in executive positions is intended to further accelerate the business impact of Generative AI within Ivalua and for its customers while ensuring continued rapid growth and customer satisfaction. David will continue to serve as Executive Chairman of Ivalua's Board.The advances in Generative AI have created tremendous opportunities for organizations to improve efficiency, decision-making and reduce costs. Ivalua has invested heavily in delivering innovative agentic AI capabilities embedded in its Source-to-Pay platform. Its unique approach ensures maximum security, usability and flexibility in defining and refining use cases

After a comprehensive selection process, IPC EMEA has selected Ivalua to streamline the Source-to-Contract operations it manages on behalf of one of the world's largest fast food restaurant chains' franchisees in Europe.REDWOOD CITY, Calif., Dec. 16, 2024 /PRNewswire/ -- Ivalua , a global leader in spend management, today announced that the Independent Purchasing Company Europe Limited (IPC EMEA), has selected Ivalua to enhance its Source-to-Contract (S2C) operations.IPC EMEA's mission is to help the franchisees of a well-known fast food restaurant chain become more profitable through strategic procurement and supply chain management by purchasing and supplying products in large volumes. In addition to purchasing, managing, and supplying the brand's food, packaging and equipment, IPC EMEA provides a wide range of in-house support services, value-add initiatives, and retail technology solutions for restaurant teams to help with day-to-day operations.IPC EMEA handles an extensive network of suppliers and distributors, overseeing a portfolio of over 2,500 SKUs. Today, IPC EMEA manages in excess of £1.5 billion worth of contracts for restaurants of the leading fast food chain brand across EMEA.Having recognised that continuing business growth and managing increased supply chain complexity could no longer be solved using existing ways of working, IPC EMEA sought a comprehensive suite of digital tools to aid the procurement, legal and supply chain teams. After a thorough evaluation, IPC EMEA selected Ivalua's S2C solution due to its robust functional capabilities, unmatched flexibility as well as a strong cultural alignment."We chose Ivalua as our trusted business partner because of their ability to meet our business requirements with a comprehensive unified solution. During the selection process, we placed great importance on finding a partner who demonstrated flexibility, with a collaborative approach that was aligned with our culture," said Michael Bailey, IPC EMEA's Transformation & Technology Director."Ivalua is delighted to partner with IPC EMEA and looks forward to supporting its efforts in optimising Source-to-Contract processes, driving cost savings, and continuing to deliver value to the franchisees it supports for the multinational fast food restaurant chain, across Europe," said Ian Thompson, VP Northern Europe at Ivalua.About IvaluaIvalua is a leading provider of cloud-based, AI-powered Spend Management software

Ivalua's success with Comparably continues with notable wins including Best Company Culture and Best CEO.REDWOOD CITY, Calif., Dec. 13, 2024 /PRNewswire/ -- Ivalua , a global leader in spend management, is proud to announce that it has been recognized by Comparably as one of the best companies for its culture and CEO, ranking in the top 5% among all rated companies in both categories.The awards are based on sentiment feedback from current employees who anonymously rate their employers on Comparably.com during a 12-month period. A remarkable 94% of respondents believe Ivalua's goals are clear and feel invested in them; 98% look forward to interacting with their coworkers and 96% believe their work environment is positive. Ivalua's average score for its office culture stands at 87 out of 100, which is 28% higher than the category average."It is an honor to see Ivalua recognized as a Best Company globally for its culture for the third consecutive year and I'm personally humbled by the Best CEO Award," said David Khuat-Duy, Founder and CEO of Ivalua. "Our people are our greatest asset and they shape our culture. It's their dedication that enables us to foster a collaborative workplace where teams can grow and innovate together".Ivalua employs more than 1,000 people in 15 offices worldwide, all united by five core values that underpin the company's culture: Customer-centric, Collaboration, Results-oriented, Care for and Grow People, and Integrity.Recent successes add to notable awards won in the past year including Best Outlook, and Best Company for Diversity, Happiness, and Career Growth.About IvaluaIvalua is a leading provider of cloud-based, AI-powered Spend Management software