Orsay, March 19th 2012 – Covéa, a leading mutual insurance group consisting of GMF, MAAF and MMA has selected the Ivalua Buyer 7 suite to deal with the full scope of their Strategic Spend Management processes from sourcing and contracts to relationship management of their 9300 suppliers. As part of its approach for pooling indirect purchases, Covéa set the following goals for improvement: clarify the added value of purchases, secure contracts and increase the contribution and efficiency of procurement.
After identifying the needs of about sixty in-house buyers, several projects were completed to ensure common ground for the three mutual insurance companies. Among the actions undertaken were: the publication of a purchasing lexicon enabling all buyers to share the segmentation of Covéa purchases, buyer and business manager access to the flexible and modular e-Procurement tool Ivalua Buyer V7, and the implementation of a collaborative approach to issues such as intellectual services, training, transportation, etc.
Common performance indicators have been integrated into the Group’s procurement information system to provide a comprehensive view of spending and thus support Covéa’s desire to master and pool expenses.
“By launching this project, we wanted to create a common culture to the three mutual insurance companies without creating a cumbersome process. That’s why we chose Ivalua Buyer V7 which convinced us with its intuitive ergonomics and flexibility of configuration in addition to its comprehensive functionalities. The Ivalua suite will enable both buyers and managers to have a crystal clear vision of their purchasing projects, while also maintaining a qualitative database of suppliers. ” explains Joaquim Pinheiro, Covéa’s Directeur Général Délégué.
“We are proud to be entrusted by Covéa in the deployment of its Purchasing IS. This project is both rich in its functionalities and a major milestone in establishing common ground for the three brands of the Group,” concludes Gérard Dahan, VP for Marketing and Communication of Ivalua.