Pernod Ricard Partners with Ivalua for Streamlined Procurement
Pernod Ricard Chooses Ivalua for Enhanced Procurement Operations
Pernod Ricard, a frontrunner in the premium spirits industry, is taking a significant step forward by selecting Ivalua, a global leader in spend management, to transform its procurement processes. This decision marks an important phase in their ongoing commitment to digitization and operational efficiency.
About Pernod Ricard
With operations in 60 countries and a workforce exceeding 18,000 employees, Pernod Ricard stands among the largest wine and spirits companies in the world. In a recent report, they noted substantial net sales, reinforcing their strong market presence.
The Importance of Procurement in Digital Transformation
Understanding the critical role of procurement within the framework of digital transformation, Pernod Ricard seeks to unify its procurement activities across various entities. This initiative will replace disparate systems with Ivalua's sophisticated platform, offering a cohesive and efficient procurement model.
Ivalua's Innovative Solutions
Ivalua's platform has been recognized for its flexibility and scalability, making it the perfect fit for Pernod Ricard's diverse global operations. By harmonizing procurement processes, Pernod Ricard can tailor solutions to meet local needs while maintaining a global standard.
Transforming Source-to-Receipt Operations
This collaboration aims to modernize the entire Source-to-Receipt process through a phased implementation strategy across Pernod Ricard's various entities. Ivalua's integration capabilities with existing ERP systems will facilitate smoother transitions and ensure the operations are fit for future growth.
Benefits of Centralized Procurement Management
Centralizing supplier management will empower Pernod Ricard to enhance vendor relations and streamline collaboration. By automating workflows end-to-end, this initiative will significantly reduce risks, allowing for better monitoring and optimization of performance metrics.
Enhancing User Experience and Compliance
The aim is to improve user adoption and compliance throughout the organization. Delivering a seamless user experience coupled with simplified workflows will be at the heart of this project, helping to engage employees and enhance operational efficiency.
Leadership Insights on the Partnership
Sarah Kerlan, Chief Procurement Officer at Pernod Ricard, expressed excitement about the strategic partnership, stating, "Procurement is integral to our vision of operational excellence. This collaboration with Ivalua will enable us to boost efficiencies and cultivate a unified procurement approach across the Group."
Ivalua's Commitment to Client Success
Dan Amzallag, Chief Operating Officer at Ivalua, commented on the partnership, emphasizing, "We take pride in supporting a market leader like Pernod Ricard in its quest for procurement harmony. Our adaptable platform will enhance supplier collaboration, strengthen risk management, and drive value while ensuring agility for future growth."
About Ivalua
Ivalua is a distinguished provider of cloud-based Spend Management software powered by AI agents. The unified Source-to-Pay platform helps businesses of all sizes optimize spend across all supplier categories, driving profitability and sustainability while minimizing risks and enhancing productivity.
Frequently Asked Questions
What is the purpose of Pernod Ricard partnering with Ivalua?
The partnership aims to unify and streamline procurement processes across all Pernod Ricard entities, reinforcing its digital transformation strategy.
How will the new system improve procurement?
The Ivalua platform will allow for a centralized approach to supplier management, enhancing vendor relations and workflow automation, resulting in improved efficiency.
What are the anticipated benefits of the partnership?
Key benefits include better risk management, increased user adoption, and optimized operational performance through a seamless user experience.
When is the rollout of the new procurement system expected?
The implementation will occur in phases over the coming years, ensuring a smooth transition across all Pernod Ricard entities.
Who are the key individuals involved in this partnership?
Sarah Kerlan, Chief Procurement Officer at Pernod Ricard, and Dan Amzallag, Chief Operating Officer at Ivalua, are leading this collaboration.
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