Ivalua, an international procurement and spend management solutions provider, was recently recognised as a prominent contract life-cycle management (CLM) vendor by Forrester in its 2014 Market Overview: Contract Life-Cycle Management report.
According to the report, "This vendor [Ivalua] has developed a spend management suite that includes a true CLM product and that has over 50 clients."
Ivalua is listed among 14 CLM vendors in the report, which were selected based on their ability to handle all stages of the contract life cycle, integrate with other software products and to fit clients' deployment preferences. This includes integration of the CLM database into sell-side and buy-side applications that use contract details during B2B sales or services transactions.
"It's an honor to be named a prominent CLM vendor by Forrester. At Ivalua, everything we do is focused on creating easy-to-use tools that enable our customers to simplify complex tasks. The Ivalua Contract Management solution is a perfect example of that paradigm. We have taken a complex and sometimes cumbersome task, with many moving parts and substantial legal and financial impact, and made it easier, faster and more transparent to all parties involved," said Gérard DAHAN, General Manager, Ivalua EMEA.
The Ivalua Contract Management module provides a clear and structured framework that brings together all contracts into a single place, offering innovative functionality from the drafting and collaborative authoring of contracts to the post-execution amendment and compliance management process. It can also be integrated into other functionality within Ivalua's integrated suite, such as the supplier database, product catalogs (eProcurement), and the eSourcing process.