Ivalua Features

Based on 26 Ivalua reviews. Users can create new contracts within the platform using built-in document creation features.

As reported in 25 Ivalua reviews. Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields.

As reported in 26 Ivalua reviews. Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts.

As reported in 28 Ivalua reviews. Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources.

Internal and external users are able to collaborate on contracts through a shared web portal with messaging features. This feature was mentioned in 23 Ivalua reviews.

As reported in 27 Ivalua reviews. Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system.

Based on 28 Ivalua reviews. Receive notifications and schedule reminders with alerts according to contract milestones.

Contracts can be stored in a central online repository with built in search capabilities. 24 reviewers of Ivalua have provided feedback on this feature.

The contract management platform can integrate with CRM software to associate contracts with customer records, and with CPQ software to feed calculated quote details into the contract. 21 reviewers of Ivalua have provided feedback on this feature.

Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities. This feature was mentioned in 26 Ivalua reviews.

Track usage per company, custom time period, or contract This feature was mentioned in 23 Ivalua reviews.

Based on 23 Ivalua reviews. Track payments received for products that haven't be delivered yet

Based on 25 Ivalua reviews. Recognition rules to accrue revenue on a daily or monthly basis

Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. 17 reviewers of Ivalua have provided feedback on this feature.

Based on 17 Ivalua reviews. Define rules and workflows that managers can use to approve different kinds of spending.

As reported in 18 Ivalua reviews. Align spending across various departments such as procurement and accounting.

Provide standard spend KPIs that can be customized by users. 15 reviewers of Ivalua have provided feedback on this feature.

Use historical spend data to create benchmarks per company or department. 16 reviewers of Ivalua have provided feedback on this feature.

Based on 16 Ivalua reviews. Provide forecasts on future trends that may impact spending performance.

Based on 13 Ivalua reviews. Identify savings opportunities per activity, department, or at the company level.

As reported in 35 Ivalua reviews. Manage workflows and business processes for procurement.

Based on 34 Ivalua reviews. Provide standard procurement contracts that can be customized.

Based on 34 Ivalua reviews. Maintain a repository of content such as catalogs and other documents.

As reported in 31 Ivalua reviews. Define requisition rules for various types of procurement.

Based on 21 Ivalua reviews. Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized. This feature was mentioned in 21 Ivalua reviews.

Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 21 Ivalua reviews.

As reported in 23 Ivalua reviews. Define requisition rules for various types of procurement

Identify and assess suppliers for different products and services. This feature was mentioned in 35 Ivalua reviews.

As reported in 34 Ivalua reviews. Create and manage purchase orders for products and services.

Based on 32 Ivalua reviews. Include features for procurement invoicing and e-invoicing.

Identify and assess suppliers for different products and services. 19 reviewers of Ivalua have provided feedback on this feature.

Electronically create and manage purchase orders for products and services. 21 reviewers of Ivalua have provided feedback on this feature.

Based on 19 Ivalua reviews. Include features for procurement invoicing and e-invoicing.

Improve visibility into procurement activities across the company. This feature was mentioned in 33 Ivalua reviews.

Based on 32 Ivalua reviews. Monitor the performance of procurement operations.

As reported in 32 Ivalua reviews. Analyze procurement spending and identify future trends.

As reported in 15 Ivalua reviews. Provide benchmarking options for comparison with peers

Include standard spending KPIs that can be customized This feature was mentioned in 17 Ivalua reviews.

Based on 15 Ivalua reviews. Deliver reports for compliance purposes

Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud 15 reviewers of Ivalua have provided feedback on this feature.

As reported in 17 Ivalua reviews. Improve visibility into procurement activities across the company.

As reported in 20 Ivalua reviews. Monitor the performance of procurement operations

Based on 22 Ivalua reviews. Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments This feature was mentioned in 21 Ivalua reviews.

Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 21 Ivalua reviews.

As reported in 18 Ivalua reviews. Consolidate information from multiple sources or multiple entities

Classify information by category, supplier, or supplier This feature was mentioned in 18 Ivalua reviews.

Integrate with external sources for market intelligence 16 reviewers of Ivalua have provided feedback on this feature.

Based on 16 Ivalua reviews. Integrates with ERP systems general ledgers for transfering of AP transaction data

Ability to cleanse and consolidate AP data 16 reviewers of Ivalua have provided feedback on this feature.

As reported in 25 Ivalua reviews. Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email. This feature was mentioned in 24 Ivalua reviews.

Capture and maintain documents related to suppliers and their products or services. 25 reviewers of Ivalua have provided feedback on this feature.

Compare goods received with purchase orders and document variations 24 reviewers of Ivalua have provided feedback on this feature.

Provide features to capture and record invoices, such as import or scanning 23 reviewers of Ivalua have provided feedback on this feature.

As reported in 22 Ivalua reviews. Allow suppliers to submit invoices using an online portal

Deliver a central repository of AP documents, such as POs and invoices 23 reviewers of Ivalua have provided feedback on this feature.

As reported in 27 Ivalua reviews. Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities. This feature was mentioned in 24 Ivalua reviews.

Identify potential issues and how they may impact relationships with suppliers. 21 reviewers of Ivalua have provided feedback on this feature.

Based on 19 Ivalua reviews. Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments 22 reviewers of Ivalua have provided feedback on this feature.

Include workflows for approvals and invoice processing This feature was mentioned in 21 Ivalua reviews.

Comply with local and global tax regulations for collections 20 reviewers of Ivalua have provided feedback on this feature.

Based on 24 Ivalua reviews. Electronically submit invoices to buyers

Create and manage supplier profiles that include contact and pricing information. This feature was mentioned in 24 Ivalua reviews.

Identify the services and products provided by suppliers, as well as certifications. 22 reviewers of Ivalua have provided feedback on this feature.

Based on 18 Ivalua reviews. Track history of all interactions and business transactions with suppliers.

As reported in 22 Ivalua reviews. Provide integration with accounting and financial management software

Based on 18 Ivalua reviews. Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems 21 reviewers of Ivalua have provided feedback on this feature.

Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management This feature was mentioned in 20 Ivalua reviews.

As reported in 14 Ivalua reviews. Approve, reject, or query historical payment transactions to identify anomalies

Based on 14 Ivalua reviews. Recover overpayments, duplicate payments, or unused credits from suppliers

Constantly evaluate AP transactions to optimize workflows 14 reviewers of Ivalua have provided feedback on this feature.

Based on 13 Ivalua reviews. Improves management oversight by reconciling external data against internal transaction data

Based on 13 Ivalua reviews. Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk

Online credit card number that can be instantly sent to employees and used for secure, one-time purchases 11 reviewers of Ivalua have provided feedback on this feature.

Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services

As reported in 10 Ivalua reviews. Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets

Based on 10 Ivalua reviews. Report on spend transactions as they happen in real time

Based on 14 Ivalua reviews. Reports that allow the user to sort and filter by vendor, team, GL, department, etc.

The ability to export reports in various formats, such as excel, CSV, and Google Sheets 12 reviewers of Ivalua have provided feedback on this feature.

Report on and track spending against budgets 12 reviewers of Ivalua have provided feedback on this feature.

Based on 11 Ivalua reviews. Pay vendors through a dashboard or portal and maintain vendor payment information

Manage and execute recurring payments, such as subscriptions, services, utilities, etc. 11 reviewers of Ivalua have provided feedback on this feature.

Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment

Allows for the electronic transfer of funds between banks

Real-time notifications for fraudulant and/or duplicate spending This feature was mentioned in 10 Ivalua reviews.

As reported in 11 Ivalua reviews. Individual, unique cards for each vendor to help manage duplicate and overpayments

Control spend limits, expiration dates, and lock and unlock stolen or lost cards 11 reviewers of Ivalua have provided feedback on this feature.

As reported in 13 Ivalua reviews. Provides a centralized library containing product data.

Enables users to assign custom categories to products. This feature was mentioned in 14 Ivalua reviews.

Creates and manages product catalogs. This feature was mentioned in 13 Ivalua reviews.

Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. This feature was mentioned in 15 Ivalua reviews.

Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities 16 reviewers of Ivalua have provided feedback on this feature.

Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. 17 reviewers of Ivalua have provided feedback on this feature.

Based on 14 Ivalua reviews. Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.

Based on 17 Ivalua reviews. Identifies noncompliant spending, fraud, and other activity outside of company policy.

Analyzes spending patterns and identifies areas to reduce costs. This feature was mentioned in 16 Ivalua reviews.

Provides a dashboard for searching and reporting on contracts and projects. 18 reviewers of Ivalua have provided feedback on this feature.

Based on 16 Ivalua reviews. Manages contracts in a single, online central repository.

Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. 16 reviewers of Ivalua have provided feedback on this feature.

As reported in 18 Ivalua reviews. Allows users to generate text based on a text prompt.

Condenses long documents or text into a brief summary. This feature was mentioned in 15 Ivalua reviews.

Notifies users of pending approvals with alerts and notifications

Allows for predefined approval workflows based on roles, departments, or spending limits

Automates the creation, submission, and approval of purchase requisitions

Monitors supplier compliance to guidelines and standards while also managing risks

Provides tools for suppllier onboarding and assessing their performance

Maintains a repository for storing and organizing supplier details

Uses tools for examining expenditures and generation reports to identify trends

Provides real-time insight into procurement costs within categories, departments or projects

Uses risk assessment tools for identifying potential supplier or contract risks

Automates the enforcement of procurement policies, regulatory requirements, and compliance checks

Creates audit trails and reporting for transparency and accountability

Provides onditional routing for purchase approvals, contract reviews, and supplier selection

Allows for flexible workflow configurations to suit specific business needs

Adjusts approval processes based on project, department, or spending thresholds

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Makes informed choices based on available data and objectives

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience