Afternoon Coffee: Ivalua partners with TransferMate on payments; Proactis’ online ReThink event open for registration 

Afternoon Coffee: Ivalua partners with TransferMate on payments; Proactis’ online ReThink event open for registration 


Proactis ReThink Adobe Stock

Ivalua, a spend management suite provider, announced a partnership with TransferMate to beef up its capabilities for handling cross-border payments.

“Having the complete source-to-pay journey within the Ivalua platform will help our customers build stronger, reliable supplier relationships,” Ivalua Founder and CEO David Khuat-Duy said in a press release. “Our partnership with TransferMate will help to simplify and streamline complex, costly payment processes, but also bridge the gap between procurement and finance processes.”

Check out Spend Matters’ 5-step “Procurement Technology Buyer’s Guide.”

Ivalua said the complex payment structures that exist in the B2B result in late payments that weaken the supply chain. It said the partnership will allow for next-day payments to any supplier, regardless of their location.

Transfermate said its solution of licensing and banking networks will ensure security, transparency and speed for B2B cross-border payments.

Sinead Fitzmaurice — CEO of TransferMate Global Payments, a subsidiary of the Clune Tech Group — said in the release that Transfermate is “delighted to be partnering with Ivalua to complete the advanced capabilities of their pioneering new payments platform, helping them to eliminate the friction inherent in the financial processes of international trade.”

For years, Spend Matters has covered Ivalua and TransferMate. Both are on our 2021 Procurement Providers to Know list. And our PRO analyst content includes a six-part Vendor Analysis of Ivalua and this 2020 review:

TransferMate — Solution overview of cross-border payments capabilities [PRO]

Proactis ReThink event: Time to register

Spend Matters’ Nancy Clinton recently wrote about Proactis’ upcoming online conference, which will offer an array of insights on procurement and finance.

From Nov. 9-11, Proactis will hold ReThink ’21 — bringing together spend management professionals from across public and private sectors in an all-online event to enjoy dynamic thought leadership presentations, hear about customer transformational journeys and best practice applications, network with their peers, and gain insights into Proactis solutions.

Learn more about the event and register here.

How do you find the right procurement technology and vendor for your company? Spend Matters’ 5-step “Procurement Technology Buyer’s Guide” can help — with how-to documents, checklist templates and other tips.


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