Ivalua, a provider of Spend Management Cloud solutions, announced that Asian Paints deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their sourcing process.
This deployment is another significant step forward in the digital transformation of their overall supply chain processes. Asian Paints does not reveal its IT budget.
The deployment of the technology platform will benefit Asian Paints from digital processes, cut in cycle times, improvement in transparency, supplier onboarding and ensuring compliance with negotiation policies, automating complex scenario analysis to achieve optimal costs when awarding contracts to suppliers.
Asian Paints used Ivalua’s Supplier Information Management, Sourcing and Contract Management solutions to streamline the contract management and sourcing processes.
Asian Paints has selected Ivalua because of their ability to deploy support all spend categories, integrate with existing ERP systems and meet their industry requirements. Ivalua’s modular platform also allows Asian Paints to later digitize the full Source to Pay process in alignment with their long-term roadmap.
“Ivalua’s platform provides us with best technology and the flexibility to support our future digital transformation plans to build and maintain competitive advantage,” said Deepak Bhosale, General Manager – Systems at Asian Paints.