Ivalua, a global leader in spend management, has announced a strategic collaboration with Visa, a world leader in digital payments. This partnership aims to empower organizations to unlock capital within their supply chains by streamlining payment processes and maximizing card usage, thus increasing rebate opportunities.

Simplifying and Accelerating Supplier Payments

The collaboration between Ivalua and Visa will enable organizations to simplify and accelerate supplier payments. By expanding card usage through a secure and user-friendly platform, companies can achieve higher levels of automation and control over their financial processes.

Innovative Spend Management Solutions

Ivalua’s innovative approach addresses the challenges of controlling spend and maximizing the benefits of corporate cards. Organizations can embed their cards into any purchasing activity, gaining complete control over pre-approved spend. This capability extends card usage beyond traditional expenses to include catalog purchases, invoices, subscriptions, and specific projects, driving business efficiencies and improving cash management.

Enhanced Control and Security

Ivalua’s solution allows organizations to identify suppliers and spending categories, reconciling usage back to users or budgets the following day. This level of control not only increases card usage but also maximizes rebate opportunities. Managed entirely within the Ivalua cloud environment, the solution enhances card security and prevents misuse.

Key Insights from Ivalua and Visa

“Unlike alternative solutions, Ivalua enables its clients to securely manage card usage without compromising potential cash rewards,” said Suman Raju, Chief Financial Officer of Ivalua. “As cash flow remains critical and saving becomes increasingly important, we are delighted to partner with Visa to unlock new levels of payment automation and maximize rebate opportunities for our clients.”

Clive Cornelius, Head of T&E and Procurement Commercial Products, Visa Commercial Solutions, Europe at Visa, added: “We find that businesses prefer financial services integrated into their ERP/AP systems, allowing them to pay simply and efficiently without having to step out of existing workflows. We’re excited to work with companies like Ivalua to bring new solutions and approaches to this market need.”

Through this partnership, Ivalua and Visa are set to drive significant improvements in payment efficiency and cash management, providing organizations with the tools they need to optimize their financial operations and unlock valuable capital within their supply chains.