As businesses navigate an increasingly complex landscape, the need for agile, adaptable technology platforms has never been more critical. Organisations require solutions that not only meet their current needs but can also evolve alongside their business. This is where Ivalua, a leading provider of Source-to-Pay (S2P) solutions, comes into play. At TSM, we are proud to be an Ivalua partner, helping clients unlock the full potential of this powerful platform by developing and implementing customised solutions tailored to their unique needs, what we like to call the “Art of the Possible”.
Understanding Ivalua’s Add-On Store
Ivalua has recently introduced an innovative Add-On Store, a dynamic library of pre-packaged configurations created by Ivalua and its partners. This store is designed to help organisations accelerate implementations and quickly expand their Ivalua capabilities. Unlike traditional software ecosystems, where adding new functionalities often requires external integrations and the associated complexities, Ivalua’s Add-On Store allows users to easily download and deploy these configurations within the existing Ivalua platform. This ensures seamless integration, security, and data synchronisation, therefore reducing the time and effort required to implement new features.
The Add-On Store includes both public and private add-ons. Public add-ons are accessible to all customers and partners after being reviewed by Ivalua, while private add-ons are unique configurations stored by Ivalua or its partners for use on specific projects. Each add-on is an extensible option that complements the standard functionality of Ivalua’s platform. They serve as implementation accelerators, allowing companies to swiftly adapt to new business requirements without the need for extensive coding or external tools.
Why the Add-On Store Matters
The introduction of the Add-On Store represents a game-changing development in the S2P market. It allows partners and customers to create and deploy extensions on the Ivalua platform, offering significant advantages in terms of speed, cost, and flexibility. This capability is particularly valuable for businesses looking to maintain agility in a rapidly changing environment, as it enables them to implement new features and best practices faster and at a lower total cost of ownership (TCO).
Moreover, partners like TSM can leverage the Add-On Store to enhance their service offerings. By developing and packaging our own add-ons, we can deliver solutions that are not only tailored to our clients’ specific needs but are also built on real-world experience and best practices. This not only accelerates time-to-value for our clients but also enables us to offer more competitive pricing by reusing and customising existing configurations.
TSM’s Contribution: Our Four Approved Add-Ons – so far!
At TSM, we have embraced the opportunity presented by the Add-On Store and in-house developed four unique add-ons that have been validated and approved by Ivalua. These add-ons are designed to address specific business needs, enhance the functionality of the Ivalua platform, and streamline key processes for our clients:
- Companies House – Supplier Validation
This add-on integrates with Companies House to validate supplier data. It automatically cross-references the supplier’s information with official Companies House records, ensuring accuracy and reliability. Any discrepancies found are promptly updated in the supplier record within the Ivalua platform. - SCIM User Provision
Designed to simplify user management, this add-on enables seamless integration for querying, creating, updating, and deleting user configurations within the Ivalua platform via API. All requests are securely handled using OAuth2 authorisation, with data exchanged in JSON format. - Oanda Currency Conversion Rates Interface
This add-on facilitates real-time currency conversion by pulling exchange rates directly from Oanda and updating them within Ivalua. This ensures that financial transactions are always based on the most current exchange rates, reducing the risk of discrepancies. - D&B (IndueD) Interface
This add-on enhances supplier risk management by validating Duns & Bradstreet scores using IndueD APIs. It automatically updates supplier records in Ivalua with the latest risk assessments, enabling businesses to make informed decisions about their supplier relationships.
Looking Ahead
The Ivalua Add-On Store is more than just a repository of useful tools—it represents the future of agile, responsive business technology. For TSM, our participation in this initiative shows our commitment to providing our clients with cutting-edge solutions that drive efficiency, accuracy, and strategic value.
As Ivalua continues to expand the capabilities of its platform, we are excited to develop even more add-ons that address the evolving needs of our clients – so, stay tuned!
Our goal is to ensure that every organisation we work with can leverage the full power of Ivalua to achieve their business objectives, faster and more effectively than ever before.
