MUSIC Group Selects Ivalua & Consus to Drive Procurement Best Practices Globally
October 03, 2017 07:00 AM Eastern Daylight Time
Professional audio and music products company to deploy full source-to-pay suite to procurement and finance professionals in China, Hong Kong and the Philippines
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, the leading global Spend Management Cloud provider and Consus, a leading procurement solutions provider, today announced that MUSIC Group, a professional audio and music products company based in China, has selected Ivalua’s Source-to-Pay solution in conjunction with Consus services to achieve cost savings and drive transparency across their procurement operations.
“When looking for a supplier, we are first looking for a trusted and long-term partner rather than just an implementation partner”
MUSIC Group’s portfolio features manufacturing and design companies with products ranging from audio console, signal processing and audio equipment, live sound equalizers, power amplifiers, and more. The company’s sole focus is to “Enable Life Changing Experiences” for internal and external stakeholders; the Group requires a faster go-to market in response to changing customer requirements.
The Group chose Ivalua and Consus for their deep capabilities in source-to pay. Additionally, the Group was looking for a trusted partner aligned with their “customer experience first” vision to jointly disrupt current processes and adopt best practices globally.
“When looking for a supplier, we are first looking for a trusted and long-term partner rather than just an implementation partner,” said Uli Behringer, Tribal Leader / CEO at MUSIC Group. “MUSIC Group’s Vision and sole purpose is to empower our people to provide life changing experiences for our customers. We are very pleased to have found an alignment in our Vision and Values with Ivalua and Consus, making them the ideal partners on our mutual, long-term and enjoyable journey.”
“Asia is a strategic market for us, and with over 40 referenceable customers in the region, we see Consus’ and Ivalua’s presence continuing to expand,” said Shantanu Bhomwick, Chairman & CEO of Consus Global. “MUSIC Group presents a unique opportunity to expand in China given their industry and vision, and we plan to deploy a best-in-class platform to disruptively transform their source-to-pay processes.”
“Retail markets are highly dynamic and exceptionally competitive, facing historically tight margins while fighting to keep product quality high,” said Dan Amzallag, CEO of Ivalua Inc. “The MUSIC Group’s selection of Ivalua and Consus highlights our growing presence in Asia and we are looking forward to partnering with them to deliver ever better service to their customers.”
Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With over 200 customers across various industry verticals, Consus works closely with customers to deploy cloud based sourcing and procurement solutions. Consus has been rated amongst the top 10 procurement service providers by APAC CIO Outlook on Asia in 2017. Learn more at www.consus-global.com/
Located in the heart of Silicon Valley, Ivalua’s leading global Spend Management Cloud solution is recognized for Leadership in Gartner’s Magic Quadrant for Strategic Sourcing and Spend Matters Solution Map for Procure-to-Pay in 2017. Ivalua’s out-of-the-box Deep Functionality and Configurable Cloud is fast to deploy and enables high supplier and employee adoption. Ivalua has been deployed to manage over $500 Billion in spend across its 250 clients. Learn more at www.ivalua.com. Read Ivalua Blog or follow @Ivalua on Twitter