The largest financial cooperative in Canada will leverage Ivalua to streamline sourcing execution processes to increase value across the supply lifecycle
Redwood City, CA /PRNewswire/ - Ivalua, a leading provider of global Spend Management Cloud solutions, and Fluxym, a leading services implementor in the Source-to-Pay market, today announced that Desjardins Group, a financial services organization based in Lévis, has selected Ivalua's Source-to-Contract suite in combination with Fluxym's services to drive cost savings, reduce strategic sourcing effort and cycle time and drive compliance.
With $295.5 billion in total assets, Desjardins Group is the largest financial cooperative in Canada and the fifth in the world. It includes inter alia, 271 Caisses spread across Quebec and Ontario, the Fédération des Caisses Desjardins du Québec and its subsidiaries, the Credit Unions of Ontario and the Fonds de Sécurité Desjardins. Several of its subsidiaries and components are active across Canada.
To support the company's strategic objective to better serve its clients and members, Desjardins requires a more efficient and streamlined sourcing and contracting process. The company chose Ivalua for the strength of its technology and success in delivering efficiency improvements. Additionally, the organization chose Fluxym as the integrator to help increase value of procurement activities.
"In order to continue to improve our value to our members and clients, better automation across our sourcing and contracting processes will enable the Sourcing group to work with internal stakeholders more collaboratively while being more strategic with the supply base," said Nadia Malek, Vice President Procurement & Administrative Services at Desjardins. "After a comprehensive evaluation process we selected Ivalua's leading solution as the enabler of achieving our groups expected outcomes and objectives. Fluxym's experience and local resources are critical to help drive the expected ROI."
"We are honored to have the opportunity to work with such a prestigious brand as Desjardins," said Thierry Jaffry Vice President Americas of Fluxym. "Desjardins objectives for automating Sourcing is an exciting initiative and we are committed to leveraging our team and best practices in implementation of Ivalua. We are looking forward to be an integral part of this project and contributing to the success of this initiative."
"Ivalua's platform is proven in empowering Financial Services organizations to optimize management of all spend and all suppliers," said Dan Amzallag, CEO of Ivalua Inc. "As we accelerate our momentum in Canada, Ivalua is proud to work with Desjardins and looks forward to the ongoing partnership with Fluxym on this tremendous project."
With 18 years of specific Source to Pay (S2P) experience and more than 400 successful projects, Fluxym has become a world leader in procurement transformation. Fluxym offers Advisory Services on any S2P transformation project, as well as integration services. Fluxym is also a value-added reseller of the best Source-to-Contract (S2C), Procure-to-Pay (P2P) and Travel & Expense solutions on the market. Fluxym is based in Paris, Montreal, Toronto, New York and Singapore. Learn more at www.fluxym.com.
Ivalua is a leading provider of cloud-based Spend Management solutions. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, lowering risk and improving employee productivity. Trusted by hundreds of the world's most admired brands and recognized as a leader by Gartner and other analysts, Ivalua maintains the industry's leading 98%+ customer retention rate. Learn more at www.ivalua.com. Follow us at @Ivalua.