Top 5 Ivalua Alternatives

Procurement is such an important activity for businesses that it has the power to make or break your company.

And if you look at how procurement works, it totally makes sense, after all, all those purchases, all those suppliers are what keep your operations running.

But…

Procurement is heavy work. 

Which means you can do it manually only for a while. 

The more you grow, the more risks you face.

This is why procurement software alternatives like Ivalua are becoming so popular.

Ivalua is a strong name for businesses that are seeking to rely on solid AI tools to optimize their procurement and spend management processes.

However, most of the time, Ivalua is only suitable for large companies.

And if you are looking for a more user-friendly option, it might not be the best choice.

The good news is that there are some good contenders if you are in need of an Ivalua alternative.

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Here are the best ones  

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Top Ivalua Alternatives 

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Control Hub

Because yes, we know that when it comes to speed, flexibility, and efficiency, there's no better choice than our software.

Control Hub has been designed for companies that are moving fast and want a solution capable of adapting to their pace. Simply to use, it's the perfect choice if you want to control your spend and fully optimize your procurement processes from the very beginning to the end. 

ControlHub puts automation, ease of use, and real-time visibility front and center.

Best features 

• Improve supplier performance: With instant communication, analytics, and supplier integration, you can see better outcomes in your suppliers’ performance.
• Invoice management: One single platform to find and save all those relevant documents related to your purchasing activities. Use OCR technology to scan invoices or receipts.
• Corporate cards:  Control Hub cares about respecting your budget, so it puts at your disposal virtual cards with pre-approved spending limits for your company.
• User-friendly:  The platform is built so that everyone, really everyone, can create a request in a matter of minutes.
• Automated approval workflows: Customize your approval workflows as you need. Need to approve or delegate a request from your phone? Consider it done

Control Hub Vs Ivalua 

Ivalua is great, that's not up for debate, but depending on your needs, you might find that it's too confusing to use or that it takes a lot of time to implement.

Things you don't need to worry about with Control Hub.

We are a wonderful option for those who want to ditch spreadsheets and gain control without complex interfaces.

If you’re a mid-size company or startup scaling quickly, ControlHub can save you time and reduce the usual procurement headaches.

Pricing 

ControlHub offers pricing plans based on company size and usage. While specific numbers depend on your needs, it’s generally considered more affordable than Ivalua.

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Coupa

If you want an alternative that offers you almost endless features and is a big player in the industry, then it's a must to consider Coupa.

Coupa is a solution made for really large companies. You can see it as a platform that offers complete end-to-end procure-to-pay support. 

Think, punchout catalogs, invoice matching, global payments, supply chain management, and much more.

Best features

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• AP automation: There's no need to worry about whether your accounts payable operations are done in time or not. Coupa takes care of everything. 
• Optimize supply chain:  Thanks to the power of AI, you can be sure of what's going across your supply chains, and you can even anticipate potential disruptions. 
• AI everywhere: Coupa’s artificial intelligence gives you smart suggestions to optimize spending and reduce costs.
• Real-time spend visibility: Know exactly where every dollar is going across your organization, down to the invoice.
• Full P2P automation: Make sure you are spending only what you need with a single procurement platform.

Coupa Vs Ivalua 

Both Coupa and Ivalua aim to help organizations manage their spend efficiently, but they approach it a bit differently. 

Ivalua is more oriented to control over sourcing.

Coupa, by contrast, prioritizes usability and speed to value. It’s designed to help teams get up and running quickly with minimal configuration. Its analytics and AI features are particularly strong, making it a favorite for finance leaders who want to make better decisions based on relevant data. 

Pricing

Coupa’s pricing is typically tailored to each customer based on modules selected, company size, and transaction volume. 

That being said, you can expect it to be on the pricey side.

Jaggaer 

Okay, but what happens when you work in a quite complex industry and want a solution that's capable of understanding you?

Then you have Jaggaer as a choice.

It's kind of designed to be the full solution large companies need to handle everything from supplier management to strategic sourcing.

Best features 

• One platform: The industry where you work might be difficult, but that doesn't mean your software needs to be messy. With Jaggaer, you bring all of your data to a single system. 
• Supplier management but advanced: Keep a constant eye on your supplier performance,  check for potential risks, and guarantee compliance from a centralized hub.
• AI-inspired: You can rely on really strong AI capabilities to keep your productivity levels high and your costs reduced.
• Contract lifecycle: Create, negotiate, and store contracts with built-in automation and alerts.
• Customizable workflows: Highly configurable approval chains and workflows for businesses with complex needs.

Jaggaer Vs Ivalua 

You could say that they're similar in the sense that they both serve large businesses, but while Ivalua is more focused on spend management as a general activity, Jaggaer works to truly cater to the unique requirements of very specialized industries like healthcare or the public sector.

Jaggaer already speaks your language and might even come pre-loaded with templates and compliance features you’d otherwise have to build from scratch in Ivalua.

Pricing 

Jaggaer offers enterprise pricing that grows with the complexity of your company.

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GEP Smart 

Moving a bit from the heavily complicated options, we find Gep Smart, a leading player in the market that still manages to be intuitive. 

GEP Smart brings AI, automation, and analytics together in a modern unified P2P platform. 

It’s a strong contender if you’re aiming to improve your procurement function with a strategic approach based on technology.

Best features 

• Spend analysis: Discover what's happening with your spending habits with the power of artificial intelligence.
• Sourcing: One of the greatest advantages of GEP Smart is that it helps you to assess possible suppliers with the criteria that matter for your company.
• AI analysis: Find savings and identify maverick spend with powerful analytics and machine learning.
• Procurement but from the phone: Approve, track, and manage procurement activities on the go.
• Standardization: Improve the organization of your company's procurement department with well-known processes relevant to our industry.

GEP Smart Vs Ivalua

Ivalua is kind of flexible, but you need the time and resources to make it your own.

GEP SMART, on the other hand, comes with a lot of functionality, making it a faster alternative to Ivalua. It's perfect if you want to work with a fully automated P2P solution that can manage both direct and indirect spend. 

Pricing 

Pricing is customized, and yes, it’s in the enterprise range.

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Precoro

If you're part of a growing business and feeling overwhelmed by the idea of setting up a formal procurement process, you're not alone. Precoro offers a refreshingly simple yet powerful approach to procurement that’s built with usability in mind.

Best features 

• Easy to use: Procurement is complicated as it is, there's no need to further difficult with software that takes forever to implement.
• Budget management: Set and track budgets in real time to avoid overspending.
• Custom approval workflows :Create straightforward routing rules that actually reflect how your team works.
• Inventory Tracking :Built-in inventory management for small to mid-sized operations.

Precoro Vs Ivalua

Precoro works around simplicity and speed. It’s a great fit for small to mid-sized companies that want to enjoy the benefits of automation but don't feel the need for overly technical solutions. 

While it may not offer the advanced sourcing features or deep custom workflows Ivalua does, it works with the basics, and does it very well.

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Final Thoughts 

There’s no one-size-fits-all when it comes to procurement software, and that’s actually a good thing. Whether you're managing a company that's just starting or a business that works across the globe, you can know that somewhere in the market, there's an alternative waiting for you.

If you’re leaning toward a solution that’s quick to implement, easy for your team to adopt, and built to grow with you, ControlHub deserves a spot at the top of your list