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KPMG and Ivalua | Source-to-pay transformation

KPMG and Ivalua | Source-to-pay transformation

Leading services associated with source-to-pay process design and implementation

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Transforming the source-to-pay process

Because the source-to-pay (S2P) process crosses three organizations — procurement, finance, and IT — an outdated and manual process creates challenges for multiple executives. Chief procurement officers confront
inconsistent procurement procedures, an inconsistent and inefficient view of organizational spend processes, and lack of compliance with procurement policies and procedures. CFOs and controllers are pressured to reduce costs in procurement and accounts payable organizations, streamline audit reviews, and provide accurate and timely reporting to support financial planning and analysis. On the technology side, CIOs cope with a jumble of best-of-breed systems and aging ERP-based procurement solutions that are expensive to maintain, have low user adoption rates, and fail to provide clear data for a “single source of truth.”

The decision to transform the S2P process requires collaboration across departments and a willingness to address each disparate challenge. Fortunately, KPMG and Ivalua can help with a cloud-based S2P solution that improves, standardizes, and automates procurement processes while providing a single source of procurement analytics and reports to deliver value to your bottom line.

About KPMG

KPMG International and its network of member firms (collectively KPMG) are a global network of professional firms providing audit, tax, and advisory services operating in 155 countries and employing more than 174,000 people. Our U.S. member firm, known as KPMG LLP, traces its origins all the way back to 1897 and became a limited liability partnership in 1994. As a leading professional services firm, KPMG LLP has more than 30,000 partners and professionals providing services throughout all 50 states. With 90 offices, we are a significant presence in your current markets and in those locations where you may want to expand.

  • U.S. procurement and operations professionals – 200+
  • KPMG operates in 155 countries, with 700+ offices worldwide
  • KPMG member firms provide professional services to 410 of the Global FORTUNE 500 companies.
  • 1,100+ global procurement and operations professionals 200+ professionals working on innovative
    technology solutions for clients in our leading Ignition Centers

Accolades:

  • Spend Matters - Top 50 Providers to Know for 2018, 2015, and 2014   
  • ALM Intelligence - A Vanguard Leader in Sourcing and Procurement Consulting for 2015

Global operations Center of Excellence - A hub of knowledge, thought leadership, and insights for our consultants and our clients around the world: 

  • Delivery excellence – Market-leading approaches built from real-world experience across industries and around the globe
  • Global knowledge – Consistent and efficient access to our global knowledge and community of practice.  
  • Thought leadership and insights – Research and point of view that drive new ways of thinking and problem solving

KPMG Global services is an offshore global delivery arm that supports KPMG member firms with a range of services and scalable solutions to deliver value for our clients in a cost-efficient manner.

About Ivalua

Located in the heart of the Silicon Valley, Ivalua is a leading provider of spend management cloud solutions and is recognized for market leadership in strategic sourcing suites and as a visionary for procure-to-pay suites. Ivalua customers realize noteworthy and accelerated savings by improving spend visibility, streamlining procurement processes, and increasing procurement organization productivity, but the overall value from Ivalua goes far beyond immediate savings: The platform enables procurement teams to actively contribute to accelerate innovation, enable company growth, mitigate risks, and increase compliance. Ivalua’s natively integrated S2P suite is built on a single code base, single database and is ultraconfigurable.

Ivalua key differentiators

Value beyond savings     

  • Maximize value across multiple levers, from cost savings to lowered risk and increased agility    
  • Single, integrated application for broadest impact, from supplier information to spend analytics   
  • Comprehensive organizational spend coverage, including direct spend, project spend, assets, and more

Out-of-the-box deep functionality     

  • Standard solution preconfigured for use S2P      
  • Unique industry functionality for financial services, retail, public sector, manufacturing, and telecommunication  
  • Choose from popular packages or assemble a custom solution.

High adoption    

  • Intuitive interface for all users and suppliers, zero training, and self-service-enabled     
  • Access relational S2P data with a single click    
  • Multiple-supplier connectivity with zero supplier registration fee

Tested    

  • Deployed to manage more than $500 billion in annual spend   
  • Supporting 35 ‘Fortune 500’ clients
  • Consistent profitability and growth since 2000
  • First client is still referenceable

Agile and configurable cloud    

  • Business analysts use design mode without any coding      
  • “Nothing-is-impossible” workflow    
  • Upward compatibility gives users full control over update timing

Power of our partnership

KPMG and Ivalua have developed a relationship to provide clients leading services associated with the process design and implementation of a cloud-based S2P application.

KPMG

  • Cross-industry procurement experience
  • Deep procurement transformation capabilities
  • Experienced resources and project execution capabilities
  • Track record of implementation success

Ivalua

  • Feature-rich S2P complete suite, connectors, and add-ons—proven in large-scale, complex, and global deployments
  • Out-of-the-box solution and end user-empowered configuration agility
  • Functional and technical expertise
  • Pool of experienced resources

KPMG and Ivalua joint value propositions

  • Simplicity for everyone: Convenient and familiar interface enables all users to quickly adopt the S2P system and start getting value.
  • Compliance: Increase compliance with policies and purchasing from negotiated contracts. Reduce supplier and audit risk.
  • Process improvement: Streamline and transform sourcing, contracting, supplier management, and procure-to-pay processes, reducing cycle times and dramatically increasing realized saving.
  • Bottom-line impactful spend reduction: Combination of leading tools and services helps manage sourcing for 100 percent of your spend and deliver dramatic spend reductions.
  • Leading procurement process models: Thoroughly review current processes and offer leading practices to maintain integrity and efficiency of the procurement process.
  • Sustainable value: Accelerate innovation and growth and quickly accommodate evolving company– and industry–specific needs.

Is the KPMG and Ivalua Source–to–Pay offering right for your company? 

Key questions to ask:

  • Is your organization embarking on a transformation that involves technology optimization?
  • Are you benchmarking and improving current purchasing practices to gain further efficiency?
  • Are you considering using a cloud-based solution to replace a legacy purchasing application?
  • Is a merger or divesture causing you to redesign your procurement practice and system?
  • Do you need a technology tool to automate procurement functions such as spend analysis, sourcing, and procure to pay?
  • Do your executives require you to provide granular and accurate data to measure performance?

 

To learn more, please download the .pdf

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. Any trademarks or service marks herein are the property of their respective owners.

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