Financial Services

Unlock Greater Value and Thrive in an Ever-Intensifying Global Economy

Balancing Cost and Third-Party Risk Management

In the last decade, regulations within the financial services industry have become more stringent and complex. Staying on top of these obligations and addressing the effects of subsequent economic downturns can be challenging. Now–more than ever–Procurement teams are tasked with balancing resource-intensive processes around third-party risk management, delivering on cost reduction initiatives, and making progress with their sustainability and diversity programs.

Procurement: Unlock Greater Value for Financial Services

Through Ivalua’s industry-leading solution, companies can protect against third-party risks, manage and reduce costs, while taking advantage of innovative solutions that foster sustainability and diversity – all designed to help your team thrive in an ever intensifying global economy.

Financial Institutions around the Globe Trust Ivalua to Revolutionize their Procurement Operations and Maximize Efficiency

More Customers

Streamline, Automate & Manage Your Third-Party Risk Program

Know third-parties inside out with 360-degree information, assessments & risk scorecards.
Effective and automated due diligence by supplier segment
Proactively manage supplier & subcontractor risk & performance
Satisfy auditing & reporting requirements from regulatory bodies

Create Value with Supplier & Category Management

Strategically manage categories to create value beyond savings
Collaborate closer with suppliers on innovation and regulations
Infuse corporate sustainability goals and objectives into supplier and category management
Track and report on planned and actual performance

Screenshot – Category Management - Zoom in

Screenshot – Procurement Clarity Organisation Portal - AML

Capture More Value Digital with Buying Channels

Create a modern buying experience
Improve on-contract spend across all indirect categories
Onboard all suppliers to enable digital transactions
Ensure globally standardized processes while accommodating local needs

Manage Services Spend and Secure the Best Talent

Bridge the talent gap with sufficient supply
Maximize purchasing policy compliance
Strengthen the contracting process to mitigate misclassification
Ensure quality standards are met
Anticipate renewals

Screenshot – Procurement - Purchase Orders

We have a strong partnership with Ivalua and continue to generate value. With Ivalua we have achieved 100% digitization across all procurement processes and have been able capture a tremendous amount of savings. Quote - Right - White