How Konica Minolta is Improving its Source-to-Pay Operations
Konica Minolta has selected Ivalua, and Ivalua's partner Optis Consulting, to help it improve its operational efficiency and overcome its issues of fragmented systems.
Ivalua will allow Konica Minolta to optimise its tracking of spending across all departments, consolidate processes and operate on a much smoother basis.
This partnership will see a total transformation for Konica, throughout its entire business systems.
Transformation strategies
Konica Minolta Business Solutions is an appliances, electrical and electronics manufacturing company, which began more than 150 years ago.
It offers solutions to clients to support their digital transformation by offering IT services and intelligent information management.
The company has six values which governs its decision making for how it operates, including innovation and collaboration.
Konica Minolta offers business process optimisation and cost solutions, helping its customers transform into a digitally connected workspace.
Whilst it was helping other businesses, Konica Minolta had its own issues with manual workflows, therefore it had limited visibility to new clients and lacked efficiency.
Now, it has turned to Ivalua so it can improve its own business processes.
Konica Minolta will be using Ivalua’s unified platform to transform its source-to-pay operations.
Its previous reliance on manual input meant that teams were prevented from focusing on strategic, values-driven initiatives, instead working on tasks which could have been done through legacy platforms.
Dan Amzallag, Chief Operating Officer at Ivalua says: “We are thrilled to welcome Konica Minolta into the Ivalua customer community.
“By harnessing the power of our unified platform, Konica Minolta will drive new levels of procurement transformation that are agile, intelligent and truly scalable.
“We look forward to partnering on their digital source-to-pay journey and elevating efficiency, value and innovation together.”
AI and efficiency
Ivalua is a leading cloud-based Spend Management software provider, trusted by hundreds of brands around the world.
It has a focus on increasing profitability, lowering risk and improving employee productivity.
Ivalua’s platform offers 360° spend and supplier visibility and dull end-to-end source-to-pay analytics, meaning total transparency.
It also allows for supply chain collaboration and secure information sharing, meaning stronger relationships throughout the project and better results for all.
Ivalua’s source-to-pay Platform is one of Ivalua’s many strategies for future-proofing procurement.
Pascal Bensoussan, Chief Procurement Officer at Ivalua. adds: “I see an inevitable progression towards agentic systems, where agents will increasingly play the role of humans to provide greater depth in analysis, execute tasks more efficiently or bring greater levels of automation.
“At Ivalua, we view AI almost as an existential opportunity. If you transform and properly adopt you'll stay relevant in the next three to five years. If you don't, you'll no longer be competitive.”
A streamlined operation
Ivalua will be helping Konica Minolta across its entire end-to-end source-to-pay operations, including sourcing and invoicing.
It will implement its intake management solution, which allows employees to take part in procurement activities easier and with increased transparency, delivering a more user-friendly experience.
“Ivalua’s integrated platform will become our single source of truth, improving quality and empowering us to make faster, data-informed decisions,” says Holly DeSantis, EVP & Chief Financial Officer of Konica Minolta.
“By choosing Ivalua as our partner and capitalising on their configurable solutions, we’ll create a seamless experience for both employees and vendors, strengthening our commitment to being the easiest company to do business with.”
With Ivalua’s integration of SAP, Konica Minolta’s business requirements were met.
As a result, the manufacturing company is able to reach its full efficiency, as well as identify cost-saving opportunities.
It is already seeing the benefits of this partnership and is sure to grow its global impact now that it’s had its own procurement transformation.
