Question: Is there a cloud-based procurement tool that can help reduce costs, improve sustainability, and optimize cash flow?

Ivalua has a broad source-to-pay platform that spans procurement, including direct materials sourcing, supply chain collaboration, inventory management and environmental impact management. Generative AI technology can help Ivalua make rapid, confident decisions in the procurement process, and it offers transparency, automation and collaboration tools. Hundreds of major companies use Ivalua, which offers a highly customizable and adaptable platform.

JAGGAER offers an integrated procurement software suite with AI-powered automation for contract management, PO matching and predictive analytics. Among its features are cost optimization, supply chain resilience and spend analytics, so it's a good option for big businesses. Gartner has named JAGGAER a Leader in the Magic Quadrant for Procure to Pay Suites, and customers have saved billions of dollars annually, with an average annual savings of more than $1 billion.

Coupa is another big cloud-based spend management platform that automates and integrates procurement, supply chain, finance and IT operations. It automates source-to-pay processes, treasury management and supply chain collaboration with AI, and offers visibility into global cash positions to drive high adoption and on-contract spend. Coupa's goal is to help companies transform their operations and improve efficiency and profitability with a single platform for managing direct and indirect spend.