Asian Paints Digitizes the Source to Contract Process
Ivalua, one of the leading provider of global Spend Management Cloud solutions announced that Asian Paints successfully deployed Ivalua's Contract Management and Supplier Information solutions to enhance their strategic sourcing processes. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. In keeping up with their ambitious growth across multiple geographies, Asian Paints recognized the need to empower the business units across locations to independently manage their suppliers and contracting processes with minimal oversight by the centralized team. Asian Paints was looking for a technology platform that could digitize these processes, reducing cycle times, improving transparency, supplier on boarding and ensuring compliance with negotiation policies, automating complex scenario analysis to ensure they are able to deliver on their commitment to high quality at optimal costs when awarding contracts. Asian Paints conceptualized a technology solution using Ivalua's Supplier Information Management, Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. "A successful deployment of Ivalua at Asian Paints is special for all of us, it is a unique opportunity to partner with a brand leader and a pioneer in adopting futuristic technology for reaping business benefits," said Girish BS, Managing Director of Durvah IT Consulting."
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