SupplyChain Magazine March 2018 | Page 37

‘Today , Ivalua helps almost 300 customers achieve a competitive advantage by managing over $ 500bn in spend ’

2015 and have maintained our position in the top right quadrant since . Earlier this year we received $ 70m in growth equity funding from KKR ( a top global investor helping fund the likes of Lyft and DarkTrace ), validating the business model and allowing us to invest more in R & D and sales and marketing to accelerate our development and growth .”
That focus on growth will hone in on the Canadian market where Ivalua is now working with eight major clients including the British Columbia Lottery Corporation ( BCLC ), Scotiabank and Transalta . “ BCLC was a focused project looking at contract and supplier relationship management ,” explains Saric . “ The challenge with BCLC was that they were resource constrained so it was important to work on prioritising their objectives and focus on what they ’ re really trying to achieve . Identifying the unique needs of customers in terms of expectations , making sure all the stakeholders are aligned and navigating any bumps in the road , are typical for us .”
The latest win for Ivalua is the Calgarybased energy provider Transalta who were seeking help to deliver an intensive supply chain optimisation project . “ We selected Ivalua for its comprehensive source-to-pay platform , flexible architecture and overall ability to give us a competitive advantage ,” affirms Transalta CAO Dawn De Lima .
Globally , large companies like KPMG partner with Ivalua and it ’ s the proven fruit of these alliances Saric believes drives the best retention rate in the business while building trust in new
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