Ivalua's Intelligent Virtual Assistant (IVA) employs Generative AI (Gen AI) to optimize Procurement functions. Designed to handle escalating data volumes and complex procurement strategies, IVA refocuses the team's attention on strategic initiatives while boosting productivity. It offers savvy automation for daily tasks, including research, analysis, content creation, modification, and summarization. The system is seamlessly integrated into daily workflows and embraces a powerful no-code architecture. IVA aids in supplier research, legal assistance, category insights, communications, and improvement plans creation, all while ensuring top-tier data privacy standards.
- Supplier Research: IVA can gather relevant information on existing or new suppliers and their offerings, effectively substituting manual data collection.
- Legal Assistance: IVA offers a quick contract summarization or clause drafting service to ensure all specific elements are covered, optimizing the contractual process.
- Category & Market Insights: IVA examines category and market trends to develop comprehensive summary reports that can assist in procurement strategies refinement.
- Enhanced Communications: IVA assists in perfecting supplier communications or sourcing invitation messaging, proofreading, and creating content as needed.
- Generate Improvement Plans: IVA assesses supplier information to suggest appropriate actions and formulate structured improvement plans to address issues with supplier performance. It can retrieve crucial insights from complex documents in a short time.
Ivalua's Intelligent Virtual Assistant (IVA) employs Generative AI (Gen AI) to optimize Procurement functions. Designed to handle escalating data volumes and complex procurement strategies, IVA refocuses the team's attention on strategic initiatives while boosting productivity. It offers savvy automation for daily tasks, including research, analysis, content creation, modification, and summarization. The system is seamlessly integrated into daily workflows and embraces a powerful no-code architecture. IVA aids in supplier research, legal assistance, category insights, communications, and improvement plans creation, all while ensuring top-tier data privacy standards.
- Supplier Research: IVA can gather relevant information on existing or new suppliers and their offerings, effectively substituting manual data collection.
- Legal Assistance: IVA offers a quick contract summarization or clause drafting service to ensure all specific elements are covered, optimizing the contractual process.
- Category & Market Insights: IVA examines category and market trends to develop comprehensive summary reports that can assist in procurement strategies refinement.
- Enhanced Communications: IVA assists in perfecting supplier communications or sourcing invitation messaging, proofreading, and creating content as needed.
- Generate Improvement Plans: IVA assesses supplier information to suggest appropriate actions and formulate structured improvement plans to address issues with supplier performance. It can retrieve crucial insights from complex documents in a short time.