Ivalua and KPMG to deliver a comprehensive Source-to-Pay technology solution
Ivalua, the leading global Spend Management Cloud solution provider, and KPMG LLP today announced that the City of New York has selected Ivalua and KPMG to implement Ivalua’sSource-to-Pay software suite in around 40 agencies that are subject to oversight by the Mayor’s Office of Contract Services and represent around $15 billion in spend (€13, 9 billion).
NY City was looking for a Source-to-Pay solution that could help shorten procurement cycle times, institute strategic sourcing, contract and vendor management and improve operational efficiency and analytics. To achieve its objectives, NY City was looking for easy-to-use, off-the shelf spend management software with a modern user interface that could support core Source-to-Pay (S2P) leading practices. Furthermore, NY City was looking for a solution that could withstand the test of time and support the complexity of NY City procurement without customisations so as to lower the total cost of ownership.
After evaluating multiple technologies and service providers through a thorough RFP process, NY City concluded that Ivalua and KPMG could provide the ease of use, depth and breadth of functionality with proven procurement advisory and technology implementation capabilities that could support the complexity of their operations without customisations and one that the NY City could maintain on its own on an ongoing basis.
NY City is deploying the natively integrated Ivalua suite in two phases with the help of Ivalua and KPMG. The two phases comprise Vendor Onboarding and Management and Source-to-Contract and Requisition-to-Order services. The Ivalua Suite will be integrated with multiple existing NY City systems. KPMG will provide a holistic set of procurement advisory services, including best practice procurement advice, full lifecycle technology implementation and change management assistance.
“Ivalua is excited to be chosen as the Spend Management technology solution for one of the largest and most highly reputable public sector entities. In addition to leveraging our modern, easy to use, robust and configurable technology that uniquely supports the federated procurement model, the City will benefit from the experience of our strategic alliance with KPMG, which will be supporting the process transformation and implementation”, said Dan Amzallag, CEO, Ivalua Inc.
“State and local governments are placing an overwhelming emphasis on transparency in their procurement process, especially as they seek to maximise the reach of the taxpayer dollars and operate in an efficient manner,” said Samir Khushalani, practice leader for KPMG’s Procurement and Operations in the Americas. “The City of New York’s procurement innovation program is a model for others, and we’re proud to serve the City with a combination of KPMG’s recognised thought leadership and advisory capabilities and Ivalua’s user-friendly, configurable solution.”