London, UK – 06 December 2017 – Ivalua, a leading global Spend Management Cloud provider, today announced that Gerdau selected Ivalua’s Source-to-Contract solution to drive an enterprise-wide sourcing and contract lifecycle management initiative for increased visibility and compliance.
Gerdau is the largest producer of long steel in the Americas and one of the largest suppliers of special steel in the world, with industrial operations in 13 countries. Gerdau was looking for a seamless method to automate its strategic sourcing process. Gerdau chose Ivalua for its deep commitment to customer success, its platform’s unique combination of ease-of-use and deep source-to contract capabilities tailored for industrial manufacturers.
“We were looking to automate and have a digital solution for our strategic sourcing process, from collection, analysis and awarding supplier bids—but also to transition the results of all sourcing activities into tangible contracts,” said Cleber Mattos, North America Director, Procurement at Gerdau. “We want to provide the organization transparency while ensuring compliance and equipping our stakeholders with the right metrics and insights to optimize contract lifecycle management. It will simplify our process and increase our team productivity.”
“Industrial manufacturers today must simultaneously manage production speed and cost reduction on top of political and regulatory changes,” said Dan Amzallag, CEO of Ivalua Inc. “We are looking forward to equipping Gerdau with best-in-class sourcing and contract management tools to drive their digital transformation efforts.”