KPMG LLP and Ivalua, the spend management solutions provider, have announced an alliance to combine Ivalua's source-to-pay (S2P) cloud platform with KPMG's proven procurement process, implementation and change management capabilities.
The alliance will help procurement departments realize savings and conserve cash, automate end-to-end source-to-pay processes, improve control, lower risk, and enable agility and innovation.
Samir Khushalani, practice leader for KPMG's Procurement and Operations in the Americas, said, "This alliance will help clients deliver greater value from procurement by providing a wider view into organizational spend, reducing cost and supplier risk and increasing compliance for existing policies and procedures. With Ivalua, we're helping procurement become a nimble, informed business partner well-positioned to support strategic initiatives."
"Ivalua provides a modern Cloud Spend Management suite for source-to-pay, supplier management, risk and spend analysis in a single organic application," said Dan Amzallag, CEO, Ivalua Inc. "Our alliance with KPMG brings to the market a powerful solution to guide procurement leaders through the strategy, design and implementation of a procurement transformation to achieve 'value beyond savings.'"
Both KPMG and Ivalua are recognized market leaders in the area of procurement services. Ivalua has received accolades from leading analysts for industry magic quadrants for strategic sourcing and procure-to-pay solutions. KPMG received recognition from SpendMatters as a "Top 50 Provider to Know" in Procurement from 2014-2016, and as an ALM Intelligence Vanguard Leader of Sourcing & Procurement Consulting in 2015.
"Partnerships such as this are a 'win/win' for the market," said Jason Busch, founder and head of strategy, Spend Matters. "The increasing diversity and capabilities of source-to-pay procurement technologies combined with individual organizational needs makes 'one size fits all approaches' less appealing than before. Consultancies such as KPMG are doing their clients a service by partnering with a range of providers offering unique capabilities, and technology providers like Ivalua are bringing benefits to their customers and reducing implementation risk by working with experienced, third-party advisory and technology professionals."