Ivalua - global leaders in spend management - receives the innovations in third party management award and innovations in digitisation award.
Ivalua, alongside its customers Sprint and Fannie Mae, respectively, received the innovations in third party management award and innovations in digitisation award.
To improve efficiency, mitigate risk and ensure transparency, Fannie Mae undertook a digital transformation strategy over several years to transform its source-to-pay process. Leveraging Ivalua’s platform, the company has consolidated its activities into one system, reporting 100% digitisation of the contracting and ordering processes as well as 100% visibility into spend.
"This award is a testament to the talented team working hard every day to ensure transparency and continuous improvement of procurement at Fannie Mae," said Stephanie Bahr, Vice President and Chief Procurement Officer at Fannie Mae. "Our work with Ivalua has helped bring our ideas to life and accelerate our digital transformation."
"We've had the honor of collaborating with the amazing teams at Fannie Mae & Sprint for several years, watching the tremendous progress they have made digitally transforming procurement," said Dan Amzallag, CEO of Ivalua, Inc. "We are proud to be the technology behind the most successful and innovative procurement teams."
Who is Ivalua?
Founded in 2000, Ivalua is a leading provider of source-to-pay platforms for the procurement industry, serving over 300 leading companies to achieve competitive advantages by strategically managing spend.
Did you know? Ivalua featured at number eight for our October 2019 top 10 software companies.
What is the Future of Sourcing Awards program?
The Future of Sourcing Awards program recognises organisations and individuals that show innovation, leadership and transformation within the sourcing industry. The awards program was established by Future of Sourcing, a digital publication that produces industry knowledge for the global sourcing community, founded in 2006.
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