Procurement Software FAQ

We gather our data from established sources such as LME, MEPS, CRU, IHS, XE, simply duty and many others. Contact us for more details or a specific overview. Indices which are not yet available in the ivoflow platform can be easily added through our partners.

After your procurement data has been linked to our database and ecosystem, ivoflow's intelligence engine provides you with new cost-saving opportunities. Within weeks, you’ll see a significant ROI, better efficiency and a strategic advantage for your procurement team.

Currently we are working with: Costdata, MBI, SimplyDuty, Sustamize, XE, DistanceMatrix.AI. and IntegrityNext. Any existing third-party providers can be integrated into the ivoflow ecosystem and database. Just let us know what we need to connect to.

A simplified breakdown of our 4 main features: 1/ Procurement Spend Analytics Real-time data analytics, dashboards and advanced recommendations. Personalized visualization and real time reporting of aggregated spend, saving and KPI’s data without additional time and effort. 2// Procurement Intelligence A in-depth automated procurement toolbox to automatically evaluate, analyze and interpret the combined internal and external data sets to identify new value delivery opportunities or procurement risks. 3/// Collaboration Hub Execute, implement and track each of your projects from start to finish using the Collaboration Hub. A Kanban Board to collaboratively manage your procurement and saving projects from gravel to grave. 4//// One button reporting for your internal strategy or external supplier meetings. Get a full supplier analysis, including all relevant leverage points at the push of a button.

No, ivoflow is much broader than just cost savings. ivoflow enables procurement departments to manage their spending strategically. We provide real-time data analytics, dashboards, KPIs, and advanced recommendations for your categories, suppliers, and prices to enable faster decision-making and strategy decisions. Furthermore, ivoflow prepares you with all the necessary data to negotiate with your suppliers.

We offer an intelligent procurement platform for industrial companies that combines internal and external data sources and operational procurement systems to identify new opportunities and enable organizations to focus on the implementation of value-add initiatives.

In order to store and analyze all your procurement data, we are using a state-of-the-art PostgreSQL-Database.

We have developed an efficient process of applying intelligent algorithms and manual testing to identify data errors, handle duplicates and detect missing data, or deal with outliers.

We are committed to a high standard of data security. ivoflow is ISO 27001 & 9001 certified. All hosted data is encrypted and securely stored. Data security is constantly verified and monitored to ensure the safety of all data.

In general, ivoflow can work with any ERP-system. We bring extensive knowledge and experience extracting data from different ERP-systems. Furthermore we are partnering with Scheer PAS and Proclane. Both companies are SAP certified and have a proven track record in successfully connecting ERP-systems such as SAP, Infor, Oracle and others.

Not at all! ivoflow will address your challenges at every level. As we are working with many customers from different industries, we are used to differently structured ERP-Data. Using our data-cleansing mechanisms, we ensure it is enriched and checked before running it live for users.

This is a common situation we see at our customer and that is exactly our use-case. It does not affect the implementation. Most of our clients do not have a centralized data lake and are challenged by multiple disconnected EPR-systems and sources. We have a variety of extraction methods to connect and extract, harmonize, and streamline all the necessary data and systems.

No. Most of the data is automatically transferred form your ERP-System(s), Procurement Suite(s) or additional data hubs into our database. Nevertheless offline data such as saving-targets can be manually uploaded into the database.

ivoflow can support different methods, from full automation to basic template uploads. Our SAP-certified partners will automate the extraction from your ERP system and refresh processes using configurable templates to acquire the specific data tables and columns needed. A template file can also be used to upload offline data if required.

We focus entirely on our customer's preferences. ivoflow can be used as a cloud solution or an on-prem solution. We work closely with each of our customers to find the best option that works for you.

That's individual to each customer. Your data can be hosted on your premisses, on your private cloud environment, or on our own Microsoft Azure Cloud.

In general, our implementation process takes about 8 weeks, from kick-off to go-live. Please note, the duration can vary due to factors such as the amount of different ERP-Systems and APIs.

The cost of an implementation depends on the complexity of your organization and the necessary interfaces. The onboarding-fee is starting at 66.300€ for the entire implementation of our software into your IT-Infrastructure including the API connections, the project management and a dedicated hypercare phase.

We prioritize transparency in our pricing while ensuring it aligns with your budgetary needs. Our pricing model comprises three main components: 1. Onboarding Fee: Starting at 66,300€, this one-time fee covers the comprehensive implementation of our software into your IT infrastructure. Includes API connections, project management, and a dedicated hypercare phase. 2. User Subscription Fees: Starting at 59€ per user per month. Billed annually for convenience. 3. Platform Fee: Tailored to your individual spend under management. Feel free to reach out for more details or to discuss how we can customize our services to meet your specific requirements.

Our Procurement-Intelligence-Platform covers a large scope of customer requirements, with co-creation being a core value. With ivoflow's expansive in-house procurement experience, we are a key partner to help solve your procurement pain points and co-create new algorithms, micro-services and solutions.

Our USP is the integration of internal data and enriching this with external market intelligence data which enables us to identify new value-delivery-opportunities and risk. Furthermore we offer a seamless flow form transparency throughout actionable insights and a project tracking module in one well integrated platform.

Of course! If you’d like to speak to one of our customers, please contact us so we can get you connected.

We are certified according to the ISO 27001 & 9001 standards by a German accreditation company.

ivoflow is designed by procurement professionals for procurement professionals. We combine years of experience in global strategic procurement in the automotive industry with state of the art software technology. We consult, co-create and develop innovation together with our clients. We listen to your problems and adapt our procurement software exactly to your needs and challenges.