ivoflow GmbH, provider of a specialized spend analytics platform for the manufacturing industry, has been awarded the BSFZ Seal by the Certification Body for Research Allowance (BSFZ). This recognition highlights the company’s innovative strength in the field of data-based procurement analytics and underscores the potential of its analytical software solutions for strategic sourcing.
“We’re very proud to receive the BSFZ Seal. It demonstrates that our developments are not only economically relevant but also significant from a research perspective,” says Daniel Demuth, co-founder and managing director of ivoflow. “As a young technology company, we continuously invest in innovations that transform strategic procurement — from data-driven decision models to AI-powered cost reduction.”
The BSFZ Seal is awarded by the Federal Ministry of Education and Research (BMBF) and honors companies whose R&D activities qualify for the German research allowance (“Forschungszulage”). Certification by the BSFZ serves as official proof of the depth and credibility of a company’s research and development efforts.
ivoflow qualified for the seal through documented innovation projects in the field of spend analytics — in particular, by developing solutions that combine external market data with internal procurement information to unlock new savings potential. The award reinforces ivoflow’s commitment to innovation. The company plans to continue investing heavily in its own R&D to make procurement more data-driven, efficient, and resilient.
