Future Unicorn Award nominee: Ivalua

DIGITALEUROPE is proud to introduce Ivalua, nominated by TECH IN France, among the selected SMEs to participate in the Future Unicorn Award. Ivalua is recognised as a leader in Strategic Sourcing Applications, and the company has continued to show strong growth and innovativeness in an increasingly competitive market.

About Ivalua

Ivalua was founded in 2000 on a disruptive idea: that Procurement can unlock significant strategic value from a company’s spend and supply chain. Based on that idea, Ivalua created complete a Source-to-Pay spend management platform that delivers capabilities to boost profitability by streamlining procurement processes.

Recognised as a Leader by Gartner and other analysts, Ivalua’s Source-to-Pay suite is leveraged by over 250 leading companies across the globe to manage over $500 billion in direct and indirect spend. The platform’s combination of ease-of-use, depth, breadth and flexibility ensures high employee and supplier adoption, rapid time to value and the ability to meet unique or evolving requirements, evidenced by the industry’s leading 98%+ retention rate.

Advice for policymakers

Europe remains a broad set of unique markets rather than a single one. Awareness remains a local issue and companies still expect vendors to have demonstrated presence and success in their local market and in some cases even local data centres. This creates a barrier to entry for vendors expanding across Europe which only time can address. Rapid penetration of new markets remains difficult, especially across Germany and southern Europe.