European footwear retailer Deichmann has selected Ivalua, a global leader in spend management, to digitalise its source-to-pay (S2P) processes.
The strategic partnership aims to streamline operations, reduce manual effort and enhance collaboration across the company’s procurement functions.
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Deichmann will adopting Ivalua’s unified spend management platform, which will help the company achieve four main goals: consolidating and optimising S2P operations, increasing automation, enhancing transparency through powerful data insights and fostering better collaboration with both internal teams and suppliers.
The digital transformation will cover core S2P processes: supplier risk and performance management, sourcing, contract management, e-procurement and invoicing.
Deichmann will utilise Ivalua’s Intelligent Virtual Assistant and the Collaboration Plans module to further enhance procurement efficiency.
Deichmann procurement lead said: “Ivalua offers the best solution to streamline our procurement processes, improve visibility into our spending and boost collaboration with stakeholders. These capabilities are essential as we navigate market shifts and continue to improve our indirect procurement operations.”
Founded in 1913 in Essen, Germany, Deichmann operates 4,700 stores in 34 countries, employing more than 49,000 people.
The company generated €8.7bn in gross revenue in 2023.
Ivalua chief operating officer Dan Amzallag stated: “With the changing retail landscape and ongoing supply chain disruptions, building strong supplier relationships is crucial for international retailers. By leveraging the right digital tools, procurement can drive value and enhance supply chain resilience. We are excited to partner with an industry leader like Deichmann to support their digital transformation.”
