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MUSIC GROUP SELECTS IVALUA & CONSUS TO DRIVE PROCUREMENT BEST PRACTICES GLOBALLY

Professional audio and music products company to deploy full source-to-pay suite to procurement and finance professionals in China, Hong Kong and the Philippines

Ivalua, the leading global Spend Management Cloud provider and Consus, a leading procurement solutions provider, today announced that MUSIC Group, a professional audio and music products company based in China, has selected Ivalua’s Source-to-Pay solution in conjunction with Consus services to achieve cost savings and drive transparency across their procurement operations.

MUSIC Group’s portfolio features manufacturing and design companies with products ranging from audio console, signal processing and audio equipment, live sound equalizers, power amplifiers, and more. The company’s sole focus is to “Enable Life Changing Experiences” for internal and external stakeholders; the Group requires a faster go-to market in response to changing customer requirements.

The Group chose Ivalua and Consus for their deep capabilities in source-to pay. Additionally, the Group was looking for a trusted partner aligned with their “customer experience first” vision to jointly disrupt current processes and adopt best practices globally.

“When looking for a supplier, we are first looking for a trusted and long-term partner rather than just an implementation partner” said UliBehringer, Tribal Leader / CEO at MUSIC Group. “MUSIC Group’s Vision and sole purpose is to empower our people to provide life changing experiences for our customers. We are very pleased to have found an alignment in our Vision and Values with Ivalua and Consus, making them the ideal partners on our mutual, long-term and enjoyable journey.”

“Asia is a strategic market for us, and with over 40 referenceable customers in the region, we see Consus’ and Ivalua’s presence continuing to expand,” said ShantanuBhomwick, Chairman & CEO of Consus Global. “MUSIC Group presents a unique opportunity to expand in China given their industry and vision, and we plan to deploy a best-in-class platform to disruptively transform their source-to-pay processes.”

“Retail markets are highly dynamic and exceptionally competitive, facing historically tight margins while fighting to keep product quality high,” said Dan Amzallag, CEO of Ivalua Inc. “The MUSIC Group’s selection of Ivalua and Consus highlights our growing presence in Asia and we are looking forward to partnering with them to deliver ever better service to their customers.”