Ivalua, a leading provider of global Spend Management Cloud solutions, has announced a broad range of new capabilities powered by artificial intelligence (AI) at its Ivalua NOW conference. This includes a powerful digital assistant, named IVA, available through both a voice-activated interface and chatbot. IVA can retrieve information, create, edit and process orders, provide how-to guidance and handle a range of other activities that improve the user experience
New Capabilities showcased at Ivalua NOW are included in its latest release as well as features that will be launched in subsequent releases. Additional AI-powered capabilities showcased include:
- Advanced invoice data capture capabilities that help drive fully digital invoice processing
- Contract data capture and analysis to improve company-wide contract management
- A broad set of other AI applications to improve automation and access to information
The AI-powered capabilities are available throughout the Ivalua Platform, supporting digitization of the entire source-to-pay process. Ivalua’s fully integrated platform, which is built on a single code base with a unified data model, allows customers to realize the full potential of AI. The solid data foundation improves the range and quality of insights possible and the complete suite allows users to access those insights from anywhere in the platform for an optimal user experience.
“Artificial Intelligence is finally maturing to where it can drive major value to procurement organizations,” said David Khuat-Duy, Corporate CEO of Ivalua. “The Ivalua platform uniquely empowers customers to realize the possibilities of AI by offering not just powerful, innovative capabilities, but also the solid data foundation required to power the underlying algorithms.”