KPMG has tapped spend management firm Ivalua to enhance its procure-to-pay offerings.
The companies said Tuesday (Dec. 6) that they have partnered to combine their perspective expertise in the procurement field. KPMG and Ivalua said they are looking to help procurement departments in companies of all sizes gain greater control of corporate spend, reduce procurement risk and add greater automation to their business processes.
“This alliance will help clients deliver greater value from procurement by providing a wider view into organizational spend, reducing cost and supplier risk and increasing compliance for existing policies and procedures,” said KPMG‘s procurement and operations in the Americas practice leader, Samir Khushalani, in a statement. “With Ivalua, we’re helping procurement become a nimble, informed business partner well-positioned to support strategic initiatives.”
In another statement, Ivalua CEO Dan Amzallag pointed to the company’s cloud-based spend management, supplier management, risk analysts and other features that can enhance the overall procurement process.
“Our alliance with KPMG brings to the market a powerful solution to guide procurement leaders through the strategy, design and implementation of a procurement transformation to achieve ‘value behind savings,'” the CEO said.
Ivalua recently revealed plans to deepen its presence in Latin American markets through other partnerships. The firm said it is collaborating with eProcurement company Exiros, enabling Ivalua to integrate its spend management services into the existing procurement services used by Exiros clients.