Cost-Saving-Toolbox

The toolbox that procurement teams have been waiting for: Our Cost Saving Toolbox constantly analyzes and interprets internal and external data sets to identify new potential and alert procurement organizations to any risks.

A pop-up window presenting a notification that a new cost saving potential has been found

Identify cost saving potentials

and risks in real time.

Automated Cost-Saving-Tools

Make full use of the tools in our software to generate your savings.

  • Dual- and Multiple Sourcing
  • Currency Clawback & Risk
  • LPP (Linear Pricing Performance)
  • Localization Opportunities
  • Raw Material Clawback & Risk
  • Energy Cost Clawback & Risk
  • Benchmark, Quote Comparison
  • Manufacturing Part Number Analysis
  • Cost Model Target Analysis
  • Payment Terms & Cash Flow Analysis
A screenshot of the savings initiative manager in the tool as well as possible levers represented by icons

User Notification

Our system proactively notifies users as soon as a new savings opportunity is identified. Each automatically identified initiative is fully calculated and visualized for the user. The result: a clear list of savings initiatives that you can use for the next supplier negotiation.

A pop-up window showing that a new cost saving initiative has been found

Saving Potentials and Risk Lists

Our system provides an overview of all potentials and risks in real time – whether at supplier, product group or part number level. This also enables you to immediately understand the effects on your procurement in the event of material price changes and to take appropriate measures.

A list of potential cost saving initiatives provided by the ivoflow software

Your Benefits

  • Complete control over dynamic markets and the resulting effects on your own procurement
  • Solid basis for procurement strategies and supplier negotiations
  • Support in the strategic planning of your purchasing goals
  • Automated market monitoring thanks to intelligent software
Oliver Casper, TROX
„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.“
Oliver Casper
Head of Purchasing, TROX GmbH
The ivoflow software on a screen.

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Stay up to date

on procurement technology trends.

Future 5 Badge from Spend Matters
Blog
October 8, 2024

Procurement Intelligence Solution ivoflow selected for Spend Matters’ Future 5 List

Ivoflow has been selected for Spend Matters' prestigious "Future 5" list. This list highlights five innovative procurement technology startups based on thorough research of emerging procurement tech solutions. Ivoflow, which applied for the first time during this fall cycle, was not only featured on the Spend Matters Solution Map but also recognized as one of the most impressive procurement tech startups of the year. The platform provides full transparency, identifies cost-saving opportunities, and offers continuous insights into evolving market dynamics.

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ivoflow named one of 100 pioneering digital procurement solutions

Announced at its annual PIONEERS event, ProcureTech revealed the 2023 ProcureTech100, this year's cohort of pioneering digital procurement solutions.

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