& our Success Stories
There are a lot of great procurement tools on the market. Gain insights into how ivoflow is supporting procurement organizations with actionable insights and seamless integration into their existing IT-landscape. Let's find out how we can bring your organization to the next maturity level.
Success Story Prettl Group
Prettl Group, based in Pfullingen, Germany, is a family-owned business with diverse operations spanning automotive, electronics, energy, and industrial components. Comprising multiple specialized subsidiaries, the company is known for innovation and technological expertise in key areas such as automotive components, automation technology, renewable energy, and electronics manufacturing.
Prettl Group faced the challenge of decentralized and multiple ERP systems, which resulted in limited transparency on the whole company's spend, saving & procurement projects. Due to that, a holistic understanding of risk and cost-saving potential was difficult.
ivoflow provides a powerful blend of spend analytics, automated cost-saving, market intelligence, and project execution tools. Prettl Group successfully streamlined its ERP systems, gaining visibility for procurement savings and risk. The process also led to the development of a new analytics tool for detailed part comparison at the manufacturing level, particularly beneficial for the electronics industry.
"Our decision regarding the implementation of ivoflow was one of our most important strategic steps in the past few months. The solution orientation and professional support in the introduction and training phase from the entire ivoflow team is very positive, starting with the two founders and the technical experts in the background to the competence of our trainer. Thank you very much!"
Success Story Voltaira Group
The Voltaira Group is headquartered in Pfullingen, Germany and specializes in the development, production, and distribution of complex cable solutions for the international mobility industry. The company focuses on various applications, including electromobility, active and passive safety, driver assistance systems, motor and drive systems, as well as emissions reduction and fuel efficiency.
The Voltaira Group encountered the issue of having decentralized and multiple ERP systems, leading to a need for more transparency across the entire company regarding spend & savings. This decentralized structure made it challenging to comprehensively understand risks and identify the full potential for cost savings.
ivoflow presents an ideal blend of spend analytics, thorough automation for cost-saving, complemented by current market intelligence, and a tool for project execution. The Voltaira Group successfully consolidated its ERP systems, gaining essential visibility into procurement savings and risks. During the course of this transformation, a bespoke analytics tool was developed, tailored to the specific needs of the Voltaira Group.
"ivoflow did not bring change, it was the change. We now have direct visibility into all of our categories in all of our global locations. Actionable insights are found in just a couple of seconds instead of time-consuming analysis.“
Success Story Trox GmbH
TROX, headquartered in Germany, is a global leader in the development, production, and sale of components, units, and systems for ventilation and air conditioning systems. With 33 subsidiary companies in 28 countries on 5 continents, 20 production facilities, and importers and representatives, TROX is present in over 70 countries.
The TROX procurement department has a high relevance in the organization and is defined as a key driver for business success. To elevate their digital procurement transformation, TROX was looking for a digital solution provider to support their fast track program and achieve full transparency across all their global business units ie key elements covering spend-, saving- and KPI-transparency. TROX wants to be a leading organization when it comes to the reduction of CO2-Emissions, to gain full visibility into its impact along the supply chain with recommendations on how to significantly reduce or eliminate them.
Utilizing existing ERP-data, external market intelligence and integrated third-party-solutions, ivoflow built a customer specific procurement ecosystem into one central database. Working closely with the procurement leadership team, we created relevant KPIs as well as actionable insights which they could materialize in a short period of time to ensure a speedy ROI. We also created a central procurement control tower to streamline all relevant spend, saving and KPI data for its procurement professionals.
„I’ve been using the ivoflow platform for several months now and it has exceeded my expectations. The user-friendly interface, customizable dashboards and accurate data reporting have made analyzing our business performance a breeze. I highly recommend this tool to anyone looking for a reliable, efficient and moreover intelligent procurement analytics solution.“
Success Story Taelim Industrial
Taelim Industrial, headquartered in South Korea, is a leading automobile parts manufacturer specializing in steering system components. With a global reach spanning over 10 countries, including the U.S., Europe, and South Asia, the company has established itself as a key player in the industry. Taelim Industrial focuses on developing module parts and has successfully engineered the world-class I-Shaft for automobile steering systems.
As a medium-size company, Taelim Industrial had limited time and resources for strategic procurement. Data management needed to be optimized to focus on negotiation and strategic planning. Exploring new cost improvement potentials was a priority.
ivoflow provided Taelim Industrial with a strategic procurement solution that minimizes the effort for big-data management and encourages strategic thinking. Due to up-to-date live market intelligence and automated cost-saving potentials, the focus shifted toward strategic procurement. ivoflow enabled Taelim Industrial to incorporate market data and advanced analytics to create transparency and cost-effectiveness.
„As a medium size company, Taelim has limited resources for procurement management with lack of long-term & strategic approach. After implementing ivoflow, our purchasing department has been sharpened more focusing on negotiation and strategic planning rather than research and reporting. Most importantly, I can now rely on the system with transparency, exploring new cost improvement potentials based on logical approach with real-time market data.“