Procurement Software FAQ

We source our data from established providers, including LME, MEPS, CRU, IHS, XE, SimplyDuty, and many others. For more information or a detailed overview, please contact us. Indices not yet available on the ivoflow platform can be easily integrated through our partners.

Once your procurement data is integrated with our database and ecosystem, ivoflow's intelligence engine identifies new cost-saving opportunities. Within weeks, you can expect a measurable return on investment, improved efficiency, and a strategic advantage for your procurement team.

We currently collaborate with Costdata, MBI, SimplyDuty, Sustamize, XE, DistanceMatrix.AI, and IntegrityNext. Any existing third-party providers can be seamlessly integrated into the ivoflow ecosystem and database—please let us know which connections are required.

No, ivoflow goes far beyond cost savings. It enables procurement departments to manage spending strategically by providing real-time data analytics, dashboards, KPIs, and advanced recommendations for categories, suppliers, and pricing. This empowers faster, data-driven decision-making and supports strategic planning. Additionally, ivoflow equips you with all the necessary information to negotiate effectively with your suppliers.

ivoflow is a spend analytics platform for global manufacturing enterprises, providing full transparency into strategic spend and automatically uncovering new cost-saving-opportunities.

To store and analyze all procurement data, we utilize a state-of-the-art PostgreSQL database.

We have developed an efficient process that combines intelligent algorithms with manual verification to identify data errors, manage duplicates, detect missing information, and address outliers.

We are committed to maintaining the highest standards of data security. ivoflow is ISO 27001 and ISO 9001 certified. All hosted data is encrypted and stored securely, with continuous monitoring and verification to ensure the integrity and safety of your information.

In principle, ivoflow can integrate with any ERP system. We bring extensive expertise and experience in extracting data from various ERP platforms. Additionally, we partner with Scheer PAS and Proclane—both SAP-certified companies with a proven track record in successfully connecting ERP systems such as SAP, Infor, Oracle, and others.

Not at all. ivoflow is designed to handle challenges at every level. Having worked with customers across various industries, we are experienced in managing differently structured ERP data. Our data cleansing mechanisms ensure that all data is validated, enriched, and prepared before it is made available to users.

This is a common scenario among our clients and is precisely what ivoflow is designed to handle. The presence of multiple ERP systems does not impact implementation. Many of our clients operate without a centralized data lake and face challenges from disconnected ERP systems and data sources. We employ a range of extraction methods to connect, harmonize, and streamline all necessary data and systems, ensuring a unified and efficient data ecosystem.

No. Most data is automatically transferred from your ERP system(s), procurement suite(s), or other data hubs into our database. However, offline data, such as savings targets, can also be manually uploaded if needed.

ivoflow supports multiple extraction methods, ranging from fully automated processes to basic template uploads. Our SAP-certified partners can automate extraction from your ERP system and configure refresh processes to acquire the required data tables and columns. Templates can also be used to upload offline data when necessary.

We adapt entirely to our customers’ requirements. ivoflow can be deployed as a cloud solution or on-premise. We work closely with each client to determine the option that best meets their needs.

Hosting is tailored to each customer’s requirements. Your data can be hosted on-premises, within your private cloud environment, or on our Microsoft Azure Cloud.

Generally, our implementation process takes approximately eight weeks from kick-off to go-live. The duration may vary depending on factors such as the number of ERP systems and APIs involved.

The cost of implementation depends on the complexity of your organization and the required interfaces. Our onboarding fee starts at €66,300, covering the full implementation of our software into your IT infrastructure, including API connections, project management, and a dedicated hypercare phase.

We prioritize transparency in our pricing while ensuring alignment with your budgetary requirements. Our pricing model consists of three main components: Onboarding Fee: Starting at €66,300, this one-time fee covers the full implementation of our software into your IT infrastructure, including API connections, project management, and a dedicated hypercare phase. User Subscription Fees: Starting at €59 per user per month, billed annually for convenience. Platform Fee: Customized based on your individual spend under management. Please contact us for more details or to discuss how we can tailor our services to meet your specific needs.

Our Spend Analytics Platform addresses a wide range of customer requirements, while co-creation remains a core value. Leveraging ivoflow’s extensive in-house procurement expertise, we act as a strategic partner, helping to solve procurement challenges and collaboratively develop new algorithms, micro-services, and tailored solutions.

Our unique selling proposition lies in the integration of internal data with enriched external market intelligence, enabling the identification of new value-delivery opportunities and potential risks. Additionally, we provide a seamless workflow—from transparency and actionable insights to project tracking—within a single, fully integrated platform.

Absolutely. Please reach out to us, and we will gladly connect you with a customer to discuss their experience.

ivoflow is certified to ISO 27001 and ISO 9001 standards by a German accreditation body.

ivoflow is designed by procurement professionals for procurement professionals. We combine extensive experience in global strategic procurement, particularly in the automotive industry, with state-of-the-art software technology. We consult, co-create, and develop innovative solutions together with our clients, listening carefully to their challenges and tailoring our software precisely to their needs.