Procurement Intelligence Software
for the manufacturing industry
We have developed a high-powered, innovative procurement intelligence software based on decades of industry experience. Our software is tailored to the needs of manufacturing companies.
The complexity keeps increasing.
Problem
As global procurement managers working in the automotive industry, we were frustrated with all the data management and reporting our teams had to do on a daily basis. We found many tools on the market to digitize the operational purchasing, but what about software solutions to manage the strategic spend? What about tools that go below the surface, on a cost break down level and with a bottom-up approach, while not losing the focus on what needs to be accomplished? The complexity keeps increasing, yet we are using most of the same tools we had 15 to 20 years ago.
We reinvented the strategic procurement software.
Solution
We started to put a team together of established software developers, designers and purchasing professionals. With extensive product development and through many workshops, brainstorming sessions, and industry feedback, we developed a product that is both unique and innovative. We created a strategic procurement software that can be tailored to each company, that empowers each purchasing professional and supports each user to manage their strategic spend more effectively and more efficiently than ever before.
Our goal: build an innovative procurement solution.
Along with a global team of driven, creative software developers, our mission is to help solve global manufacturing companies' common pain points. Based on our own extensive global automotive purchasing experience, we understand unstructured and disrupted data sets, ambitious cost-saving-targets and complex global markets. Using our software solution, customers can manage their spend strategically to gain full transparency, insights into new value-delivery-opportunities and stay on top of ever changing markets.
Procurement know-how meets AI
Experience
Based on our extensive strategic procurement background, we established a very well understanding of the real challenges global procurement organizations have to tackle. That gives us the ability to innovate solutions addressing problems at its roots.
Innovation
The procurement software landscape is constantly evolving. New technologies are emerging to streamline processes, increase efficiency and cost-effectiveness. ivoflow leverages and integrates those solutions to keep your procurement organization ahead of time.
Global Network
ivoflow has established a solid network of global partners, clients, and consultants. We can gain access to critical information ahead of time to provide our clients with the best solutions and experience possible.
Recognized by leading procurement platforms: Spend Matters and ProcureTech
Apart from being featured on the well-known Spend Matters SolutionMap, ivoflow has recently been selected for Spend Matters' prestigious "Future 5" list. The list highlights 5 innovative procurement technology startups based on thorough research of emerging procurement tech solutions. Throughout the year, the Spend Matters analysts scour the market to find and scrutinize procurement tech newcomers. This list is composed of the most impressive procurement technology start-ups that meet certain criteria.
What is more, ivoflow has achieved a remarkable milestone by being selected as one of the 2023 and 2024 ProcureTech100, an exclusive list of the most groundbreaking digital procurement solutions globally. Created by ProcureTech in association with Kearney, the ProcureTech100 is a prestigious accolade recognizing the top 100 innovative companies that are revolutionizing the world of procurement. In a highly competitive field featuring over 4,000 digital procurement solutions, ivoflow emerged as a dynamic and future-focused leader that is driving transformation within the procurement and enterprise sectors.
Strategic Investment: ISB Backs Our Promising Business Concept
The Investitions- und Strukturbank Rheinland-Pfalz (ISB) has acquired a stake in the share capital of our company. This investment was made as part of a funding initiative by the Ministry of Economic Affairs, Transport, Agriculture, and Viticulture of Rhineland-Palatinate. The key factor for the investment was our promising business concept, which is based on clear growth prospects and high value creation potential. Last but not least, companies of all industries and sizes can benefit from the ivoflow software.
Meet the Leadership Team
Our team is customer-focused, value-oriented, and believes anything is possible. We bring together extensive procurement experience and latest software technology.
Daniel Demuth
Nicolas Neubauer
Adrian Hommen
Michael Forster
Julia Klein
Marc Wilczek
Winner of the 2022 and 2023 ProcureTech Advanced Analytics Accelerator.
ivoflow was named the winner of the 2022 and 2023 Advanced Analytics Accelerator with Walmart and Jaguar Land Rover. The ProcureTech ACCELERATOR is a fast-track program for innovative, digital procurement solutions to connect, collaborate and co-create with the world’s leading corporates. Solving enterprise digital challenges using collective intelligence and experience to propel the next generation of digital procurement solutions.
ivoflow was nominated out of a selection process that included 30+ solution providers.
We look forward to an exchange.
With potential partners, investors or other stakeholders.
Are you interested in a partnership or would you like to find out more about ivoflow, the software and founding a company? We look forward to hearing from you.
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