REDWOOD CITY, Calif.--(EON: Enhanced Online News)--Ivalua, the leading global Spend Management Cloud solution provider, and KPMG LLP today announced that the City of New York (“the City”) has selected Ivalua and KPMG to implement Ivalua’s Source-to-Pay software suite in around 40 agencies that are subject to oversight by the Mayor’s Office of Contract Services and represent around $15 billion in spend.
“State and local governments are placing an overwhelming emphasis on transparency in their procurement process, especially as they seek to maximize the reach of the taxpayer dollars and operate in an efficient manner”
The City was looking for a Source-to-Pay solution that could help shorten procurement cycle times, institute strategic sourcing, contract and vendor management and improve operational efficiency and analytics. To achieve its objectives, the City was looking for easy-to-use, off-the shelf spend management software with a modern user interface that could support core Source-to-Pay (S2P) leading practices. Furthermore, the City was looking for a solution that could withstand the test of time and support the complexity of the City’s procurement without customizations so as to lower the total cost of ownership.
After evaluating multiple technologies and service providers through a thorough RFP process, the City concluded that Ivalua and KPMG could provide the ease of use, depth and breadth of functionality with proven procurement advisory and technology implementation capabilities that could support the complexity of their operations without customizations and one that the City could maintain on its own on an ongoing basis.
The City is deploying the natively integrated Ivalua suite in two phases with the help of Ivalua and KPMG. The two phases comprise Vendor Onboarding and Management and Source-to-Contract and Requisition-to-Order services. The Ivalua Suite will be integrated with multiple existing City systems. KPMG will provide a holistic set of procurement advisory services, including best practice procurement advice, full lifecycle technology implementation and change management assistance.
“Ivalua is excited to be chosen as the Spend Management technology solution for one of the largest and most highly reputable public sector entities. In addition to leveraging our modern, easy to use, robust and configurable technology that uniquely supports the federated procurement model, the City will benefit from the experience of our strategic alliance with KPMG, which will be supporting the process transformation and implementation,” said Dan Amzallag, CEO, Ivalua Inc.
“State and local governments are placing an overwhelming emphasis on transparency in their procurement process, especially as they seek to maximize the reach of the taxpayer dollars and operate in an efficient manner,” said Samir Khushalani, practice leader for KPMG's Procurement and Operations in the Americas. “The City of New York's procurement innovation program is a model for others, and we're proud to serve the City with a combination of KPMG’s recognized thought leadership and advisory capabilities and Ivalua’s user-friendly, configurable solution.”
Located in the heart of Silicon Valley, Ivalua helps Procurement leaders create a competitive advantage by maximizing Value Beyond Savings. Ivalua’s Out-of-the-box Deep Functionality and Configurable Cloud is fast to deploy and enables high supplier and employee adoption. Ivalua has been deployed to manage over $500 Billion in spend and has 35 “Fortune 500” companies among its 250 clients. Ivalua has witnessed consistent growth and profitability since 2000. Learn more about Ivalua at www.ivalua.com or by email firstname.lastname@example.org.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm affiliated with KPMG International Cooperative (“KPMG International”). KPMG member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates.
Learn more about the alliance between KPMG and Ivalua at kpmg.com/us/Ivalua.