Procurement Intelligence Platform
How it works
ivoflow is an intuitive AI-powered Procurement Intelligence Platform which drives actionable value delivery and cost reduction initiatives. Are you searching for a market intelligence tool for your procurement? Our software ensures a seamless flow of data to opportunity realization.
Your BenefitsBenefits of our procurement intelligence solution
Fast to implement and easy to use
The procurement intelligence platform is designed for a fast implementation into your existing ecosystem. Its modern user interface is intuitive and easy to use.
Adjustable to your needs
We adapt reporting structures, KPI´s and industry-specific analytics to enable the best value for your company.
Immediate Value
Due to the continuous real-time data screening, the procurement intelligence engine will provide you with measurable cost-down initiatives from day one.
Our Procurement Intelligence Products
enable you to unlock your full procurement potential.
Our core product functions
Data Integration & Enrichment
By integrating your data, supplemented by relevant market data, our software offers you an end-to-end solution for strategic purchasing and enables you to reduce system disruptions and work more efficiently.
Spend Analytics
Enable your purchasing organization to optimize strategic purchasing decisions: through real-time data analysis, dashboards and automatically generated recommendations for action.
Cost-Savings-Toolbox
The toolbox that procurement teams have been waiting for: Our Cost Savings Toolbox constantly analyses and interprets internal and external data sets to identify new potential and alert procurement organizations to any risks.
Procurement Performance Management
Our Procurement Performance Management offers a holistic solution that combines the tracking of KPIs, the implementation of cost-saving initiatives and targeted preparation for supplier negotiations through comprehensive reporting functions.
ESG & Sustainability
Perfectly positioned for the future of procurement: Streamlining supplier ESG performance and measuring Scope 3 emissions for comprehensive sustainability tracking.
Features
Direct access to all market data, price developments at parts list level and gap analyses: our various features take individual customer requirements into account and supplement our solutions with elementary functions.
Data Integration & Enrichment
By integrating your data, supplemented by relevant market data, our software offers you an end-to-end solution for strategic purchasing and enables you to reduce system disruptions and work more efficiently.
Spend Analytics
Enable your purchasing organization to optimize strategic purchasing decisions: through real-time data analysis, dashboards and automatically generated recommendations for action.
Cost-Savings-Toolbox
The toolbox that procurement teams have been waiting for: Our Cost Savings Toolbox constantly analyses and interprets internal and external data sets to identify new potential and alert procurement organizations to any risks.
Procurement Performance Management
Our Procurement Performance Management offers a holistic solution that combines the tracking of KPIs, the implementation of cost-saving initiatives and targeted preparation for supplier negotiations through comprehensive reporting functions.
ESG & Sustainability
Perfectly positioned for the future of procurement: Streamlining supplier ESG performance and measuring Scope 3 emissions for comprehensive sustainability tracking.
Features
Direct access to all market data, price developments at parts list level and gap analyses: our various features take individual customer requirements into account and supplement our solutions with elementary functions.
Procurement market intelligence data
thanks to partners and third party solution providers.
Learn more
“There is no perfect product for everyone.
But for everyone we can build a perfect product.”
Our Service
Maturity Level Check
Every organization and industry is at a different maturity level, has individual challenges and a unique IT-Landscape. ivoflow supports its clients within their transition from its current maturity level to the next level.
Implementation
Based on the company's maturity level, we will implement and configure our product and tools to enable each unique client to receive the maximum outcome from our solution.
Training
To establish know-how and to ensure the adoption of our tool we develop a individual training plan to boost user experience and results.
Empowering strategic procurement
to reach the next maturity level.
Data Quality
High data quality is essential for accurate and precise analysis. ivoflow helps organizations to achieve better data quality and to utilize its full potential. We are used to work with differently structured and disrupted ERP-Data and Systems.
Education and Know-How
ivoflow isn't just a procurement tool; we enable organizations to transfer knowledge and educate procurement professionals to successfully manage their strategic spend portfolio.
Return of Invest
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.
More about Procurement Intelligence
What is a procurement intelligence platform?
A procurement intelligence platform is an intelligent system that supports modern procurement organizations along the entire procurement process. From a technical perspective, procurement intelligence solutions systematically collect all relevant procurement data and therefore are often considered the single source of truth.Being more than spend analytics, procurement intelligence solutions mimic the mindset of a strategic buyer, focusing on cost savings, negotiation preparation, risk mitigation and more. Procurement market intelligence tools also provide access to all relevant market data, enabling procurement teams to prepare for supplier negotiations, gain supplier insights and create category strategies. What is more, procurement intelligence products also help address current challenges such as sustainability by monitoring various KPI on ESG and CO2.
Prettl Group Procurement Transformation
Prettl group evaluated various solutions and ended up with ivoflow as the preferred choice. A perfect combination of spend analytics, in depth cost savings automation paired with up-to-date market intelligence and a project execution tool in a well-integrated platform.
Learn MoreWant to know more
about our procurement solution?
Let us show you how ivoflow can support your business. We are ready to showcase our procurement management system. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!
