Full-Time
Posted on 12/17/2024
Procurement software for managing sourcing and payments
$71.3k - $118.8kAnnually
Senior
Pittsburgh, PA, USA
Hybrid working model (3 days in the office per week)
Ivalua provides procurement software that assists businesses in managing their procurement processes from sourcing to payment. Its main product, the "Procurement Empowerment Platform," includes features for strategic sourcing, supplier management, contract management, and procure-to-pay processes. This platform allows companies to streamline their procurement activities, enhance supplier relationships, and achieve cost savings. Ivalua differentiates itself from competitors by offering a flexible platform that can be customized to meet the specific needs of various industries, rather than providing a generic solution. The company operates on a software-as-a-service (SaaS) model, where clients subscribe to use the software and can benefit from rapid deployment, often seeing a quick return on investment. Ivalua aims to help businesses digitize and optimize their procurement processes, making them more efficient and user-friendly.
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$129.7M
Headquarters
Massy, France
Founded
2000
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Health Insurance
401(k) Company Match
Hybrid Work Options
Meal Benefits
Professional Development Budget
Ivalua, a global leader in spend management, today announced that Harman, a leader in the connected technologies industry focused on the automotive, consumer and enterprise markets, has selected Ivalua to digitize its Source-to-Contract (S2C) operations for direct materials spend.
Thousands of procurement innovators will gather at Ivalua NOW 2025 to explore innovative strategies for elevating procurement.REDWOOD CITY, Calif., Feb. 21, 2025 /PRNewswire/ -- Ivalua NOW , the highly anticipated premier event for procurement and supply chain leaders, returns next month. This year's event "Ivalua NOW - Innovate to Elevate" will take place at the Carrousel du Louvre in Paris, France, on March 11-12 and at the Caesars Superdome in New Orleans, Louisiana, on May 21-22, as well as virtually. Ivalua NOW is free to attend for procurement and finance practitioners.Ongoing market challenges and competing priorities continue to exert pressure on procurement teams. New technologies, particularly Generative AI, promise to enhance employees' productivity and decision-making. However, most organizations have experienced only marginal benefits, mainly from automating select tasks
For most executives, the CEO title represents the pinnacle of corporate leadership. But for one payments and spend management industry leader, the future of business demands a different title: Chief Artificial Intelligence (AI) Officer. David Khuat-Duy, founder at Ivalua, told PYMNTS’ Karen Webster that he’s making what might be his most transformative decision yet: stepping down as CEO to take on the newly minted role of Chief AI Officer. The rationale behind the change? AI is no longer a tool to be implemented. It’s a paradigm shift that will redefine every aspect of business operations
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