Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > CITY OF NEW YORK SELECTS IVALUA AND KPMG FOR PROCUREMENT INNOVATION INITIATIVE ACROSS ALL CITY AGENCIES
    Top Stories

    CITY OF NEW YORK SELECTS IVALUA AND KPMG FOR PROCUREMENT INNOVATION INITIATIVE ACROSS ALL CITY AGENCIES

    Published by Gbaf News

    Posted on December 9, 2016

    5 min read

    Last updated: January 22, 2026

    This image illustrates the concept of offshore trusts and their role in international banking strategies, emphasizing asset protection and tax advantages for financial planning.
    Offshore trust benefits for international banking strategies - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Ivalua and KPMG to deliver a comprehensive Source-to-Pay technology solution

    Ivalua, the leading global Spend Management Cloud solution provider, and KPMG LLP today announced that the City of New York has selected Ivalua and KPMG to implement Ivalua’sSource-to-Pay software suite in around 40 agencies that are subject to oversight by the Mayor’s Office of Contract Services and represent around $15 billion in spend (€13, 9 billion).

    NY City was looking for a Source-to-Pay solution that could help shorten procurement cycle times, institute strategic sourcing, contract and vendor management and improve operational efficiency and analytics. To achieve its objectives, NY City was looking for easy-to-use, off-the shelf spend management software with a modern user interface that could support core Source-to-Pay (S2P) leading practices. Furthermore, NY City was looking for a solution that could withstand the test of time and support the complexity of NY City procurement without customisations so as to lower the total cost of ownership.

    After evaluating multiple technologies and service providers through a thorough RFP process, NY City concluded that Ivalua and KPMG could provide the ease of use, depth and breadth of functionality with proven procurement advisory and technology implementation capabilities that could support the complexity of their operations without customisations and one that the NY City could maintain on its own on an ongoing basis.

    NY City is deploying the natively integrated Ivalua suite in two phases with the help of Ivalua and KPMG. The two phases comprise Vendor Onboarding and Management and Source-to-Contract and Requisition-to-Order services. The Ivalua Suite will be integrated with multiple existing NY City systems. KPMG will provide a holistic set of procurement advisory services, including best practice procurement advice, full lifecycle technology implementation and change management assistance.

    “Ivalua is excited to be chosen as the Spend Management technology solution for one of the largest and most highly reputable public sector entities. In addition to leveraging our modern, easy to use, robust and configurable technology that uniquely supports the federated procurement model, the City will benefit from the experience of our strategic alliance with KPMG, which will be supporting the process transformation and implementation”, said Dan Amzallag, CEO, Ivalua Inc.

    “State and local governments are placing an overwhelming emphasis on transparency in their procurement process, especially as they seek to maximise the reach of the taxpayer dollars and operate in an efficient manner,” said Samir Khushalani, practice leader for KPMG’s Procurement and Operations in the Americas. “The City of New York’s procurement innovation program is a model for others, and we’re proud to serve the City with a combination of KPMG’s recognised thought leadership and advisory capabilities and Ivalua’s user-friendly, configurable solution.”

    Ivalua and KPMG to deliver a comprehensive Source-to-Pay technology solution

    Ivalua, the leading global Spend Management Cloud solution provider, and KPMG LLP today announced that the City of New York has selected Ivalua and KPMG to implement Ivalua’sSource-to-Pay software suite in around 40 agencies that are subject to oversight by the Mayor’s Office of Contract Services and represent around $15 billion in spend (€13, 9 billion).

    NY City was looking for a Source-to-Pay solution that could help shorten procurement cycle times, institute strategic sourcing, contract and vendor management and improve operational efficiency and analytics. To achieve its objectives, NY City was looking for easy-to-use, off-the shelf spend management software with a modern user interface that could support core Source-to-Pay (S2P) leading practices. Furthermore, NY City was looking for a solution that could withstand the test of time and support the complexity of NY City procurement without customisations so as to lower the total cost of ownership.

    After evaluating multiple technologies and service providers through a thorough RFP process, NY City concluded that Ivalua and KPMG could provide the ease of use, depth and breadth of functionality with proven procurement advisory and technology implementation capabilities that could support the complexity of their operations without customisations and one that the NY City could maintain on its own on an ongoing basis.

    NY City is deploying the natively integrated Ivalua suite in two phases with the help of Ivalua and KPMG. The two phases comprise Vendor Onboarding and Management and Source-to-Contract and Requisition-to-Order services. The Ivalua Suite will be integrated with multiple existing NY City systems. KPMG will provide a holistic set of procurement advisory services, including best practice procurement advice, full lifecycle technology implementation and change management assistance.

    “Ivalua is excited to be chosen as the Spend Management technology solution for one of the largest and most highly reputable public sector entities. In addition to leveraging our modern, easy to use, robust and configurable technology that uniquely supports the federated procurement model, the City will benefit from the experience of our strategic alliance with KPMG, which will be supporting the process transformation and implementation”, said Dan Amzallag, CEO, Ivalua Inc.

    “State and local governments are placing an overwhelming emphasis on transparency in their procurement process, especially as they seek to maximise the reach of the taxpayer dollars and operate in an efficient manner,” said Samir Khushalani, practice leader for KPMG’s Procurement and Operations in the Americas. “The City of New York’s procurement innovation program is a model for others, and we’re proud to serve the City with a combination of KPMG’s recognised thought leadership and advisory capabilities and Ivalua’s user-friendly, configurable solution.”

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories Post2017 FINANCIAL SERVICES MARKET PREDICTIONS – UNISYS
    Next Top Stories PostOUTSYSTEMS EXPANDS ACROSS EMEA TO MEET THE REGION’S GROWING DEMAND FOR LOW-CODE APPLICATION DEVELOPMENT