K & N Kenanga Holdings Berhad chooses Ivalua & Consus for E-Sourcing
Ivalua’s Strategic Sourcing solutions and Consus’s sourcing services to be used by Kenanga for optimizing its enterprise-wide spend.
Ivalua, a global provider of spend management cloud solutions, and Consus, a leading procurement solutions provider, announced today that K & N Kenanga Holdings Berhad (“Kenanga”), a leading financial group in Malaysia will use Ivalua’s strategic sourcing solution in conjunction with Consus sourcing services to more efficiently manage its sourcing processes.
Kenanga will use Ivalua’s sourcing solution and Consus sourcing services to:
- Reduce spend through e-sourcing
- Shorten sourcing cycle times
- Increase transparency of sourcing processes.
“We have seen the much needed and rapid cost savings through Ivalua and Consus e-sourcing engagement. In addition, this has brought in greater transparency into our sourcing process,” said Cheong Boon Kak, Group CFO, K & N Kenanga Holdings Berhad.
“The financial industry is highly regulated and has very specific requirements, and we are glad to add value to Kenanga’s sourcing process,” said Madhuri Govilkar, VP & GM, South East Asia, Consus Malaysia (CCG Global Sdn. Bhd.). “We’re honored that Kenanga chose Consus and Ivalua, and we look forward to working with them to bring new levels of efficiency to their world class operations.”
“Malaysia is a key market for us and we are thankful to Kenanga for choosing Ivalua. We look forward to adding significant value to their sourcing and procurement processes. With Ivalua’s easy-to-use solution and Consus expertise, over 30 Ivalua clients in APAC have achieved rapid and measurable savings.”said Gérard DAHAN, General Manager EMEA, Ivalua.