ivoflow the next generation
Procurement Software
ivoflow is an intuitive AI-powered Procurement Intelligence Software which drives actionable value delivery and cost reduction initiatives. A seamless flow of data to opportunity realization.
Your BenefitsYour Benefits
Fast to implement and easy to use
Designed for a fast implementation into your existing ecosystem. Its modern user interface is intuitive and easy to use.
Adjustable to your needs
We adapt reporting structures, KPI´s and industry-specific analytics to enable the best value for your company.
Immediate Value
Due to the continuous real-time data screening the procurement intelligence engine will provide you with measurable cost-down initiatives from day one.
From disrupted data to actionable insights.
Seven steps to your success.
Our core product functions.
Step 01: Integration
The Procurement Data Ecosystem
All your internal transactional and master ERP-data, such as supplier master data, parts master data and purchase orders are imported automatically, cleansed and centrally stored.
External procurement market intelligence data such as raw material pricing, logistics & duty, exchange rates, and energy costs are streamlined into the database and mapped to individual commodities, parts and suppliers.
Third party solutions and operational procurement suites for S2C, P2P, SRM, ESG, risk or sustainability can be integrated into ivoflow.
The foundation for a successful procurement analytics solution.
Step 2: Structure
The Procurement Architecture
With the Procurement Architecture, we ensure commodities are built and teams are setup according to your company and commodity codes and business units. Easily understand roles and responsibilities, adjust team and commodity structures and generate a solid foundation.
Ready to build user-centric transparency and provide focus to each of your procurement professionals.
Step 3: Advanced Procurement Analytics
The Procurement Control Tower
Enable strategic procurement decision making through real-time data analytics, dashboards and advanced recommendations.
Personalized dashboards, visualizations and real time reporting of aggregated spend, saving and KPI data without additional time and efforts. Navigate between commodity, supplier and part specific dashboards to get ultimate insights from the top of your spend into purchase orders and cost drivers.
Step 4: Intelligence
The Procurement Intelligence Engine
Algorithms to identify new value delivery opportunities. The Procurement Intelligence Engine is an automated procurement toolbox analyzing and interpreting the internal and external datasets to identify new value delivery opportunities.
- Saving Intelligence: Identification of new cost saving opportunities or commercial risk.
- Operational Intelligence: Automated identification of urgent operational tasks to be executed.
- Strategy Intelligence: In-depth analytics to identify relevant strategic initiatives to achieve your corporate targets.
Step 5: Actionable Insights
User Notification
Each new opportunity that is automatically identified by our algorithms is readily calculated and visualized. Users are getting notified, so they are always on top of ever-changing markets and ready to execute their individual strategies and negotiations.
Step 6: Implementation
The Collaboration Hub
Execute, implement and track each of your projects from start to finish using the Collaboration Hub. A Kanban Board to collaboratively manage your procurement and saving projects from gravel to grave. The perfect blend of a procurement savings tracker, planning and project management tool.
Effective collaboration at a whole new level.
Step 7: Negotiation and Strategy Execution
One Button Reporting
One button reporting for your internal strategy or external supplier meetings. Get a full supplier or category analysis and overview including all relevant leverage points at the push of a button.
Supplier-Report-Out’s include
- Spend and Saving Development
- Category and Part Family Breakdown
- KPI Development
- Saving and Project Roadmap
- Supplier specific leverage-points on part number level
- Mandatory document overview e.g. Ts&Cs acceptance
Strategy-Report-Out’s include
- Spend and Saving Development
- Category and Part Family Breakdown
- KPI Development
The ivoflow procurement ecosystem.
The perfect blend of market intelligence data and third party solution providers.
Learn more
“There is no perfect product for everyone.
But for everyone we can build a perfect product.”
Much more than just spend analytics.
Build your own modern procurement management system.
Additional features
Cost Break Down Intelligence
Using the Cost Break Down Intelligence feature you can easily import and and compare complex cost break downs. Receive a gap analysis and key takeaways at your fingertips and be fully prepared for your supplier negotiations.
Supply Chain Risk Analytics
Be instantly prepared to understand the potential exposures of certain suppliers or regions in case of geopolitical instabilities, force majeures or financially distressed suppliers.
Procurement KPI Dashboard
Fully customizable Procurement Performance KPI Tracking at any level: Savings Performance, Quality, Delivery, Claims and many more.
Capacity Management
Get automatic alerts in case of capacity shortages. Your supplier capacities are always measured and tracked against our forecasts and releases.
CO2 Platform Integration
Scope 3 Product-Carbon-Footprint PCF calculation based on supplier ERP data, material information, cost breakdowns and logistics information.
BOM Management
Program and project purchasing module to drive initiatives at BOM level. Understand how market dynamics impact your BOMs, product cost and profitability.
ESG and Financial Risk
Integration and mapping of ESG and Risk data to your supplier data to generate risk alerts and drive KPI improvement and pre-alerts.
Our Service
With our service we promise to find the best possible solution for every organization. Rely on the highest quality and a wide range of services at all times.
- Maturity Level Check
- Implementation
- Training
01 | Maturity Level Check
Every organization and industry is at a different maturity level, has individual challenges and a unique IT-Landscape. ivoflow supports its clients within their transition from its current maturity level to the next level.
02 | Implementation
Based on the company's maturity level, we will implement and configure our product and tools to enable each unique client to receive the maximum outcome from our solution.
03 | Training
To establish know-how and to ensure the adoption of our tool we develop a individual training plan to boost user experience and results.
Rollout Process
The entire implementation and deployment process is managed by the ivoflow team. We ensure that our customers resources are only utilized at a minimum level.
Proof of Concept
Try our software with your data. Make sound decisions about the implementation of the long-term project and avoid bad investments.
Kick-off and Scoping
Alignment of project, values and commercial terms. Change requests can be submitted and will be validated.
Configuration and Development
The customer product will be deployed and APIs will be connected. Data is imported and validated.
Roll Out
Test run to identify potential improvements. Market Intelligence Data and Procurement Intelligence Tools will be configured.
Go-Live and Hypercare
Go-Live of all users including in-depth user training. The 60 days hypercare phase is starting.
Empowering strategic procurement
to reach the next maturity level.
Data Quality
High data quality is essential for accurate and precise analysis. ivoflow helps organizations to achieve better data quality and to utilize its full potential. We are used to work with differently structured and disrupted ERP-Data and Systems.
Education and Know-How
ivoflow isn't just a procurement tool; we enable organizations to transfer knowledge and educate procurement professionals to successfully manage their strategic spend portfolio.
Return of Invest
After your procurement data has been linked to our database and ecosystem, ivoflow’s intelligence engine provides you with new cost-saving opportunities. Within weeks, you’ll see a significant ROI, better efficiency and a strategic advantage for your procurement team.
Prettl Group Procurement Transformation
Prettl group evaluated various solutions and ended up with ivoflow as the preferred choice. A perfect combination of spend analytics, in depth cost savings automation paired with up-to-date market intelligence and a project execution tool in a well-integrated platform.
Learn MoreWant to know more
about our procurement solution?
Let us show you how ivoflow can support your business. We are ready to showcase our procurement management system. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!
