Press Release | Find My Factory is now Speya™

Press Release | Find My Factory is now Speya™

Ivalua

Speya vs Ivalua

Ivalua is a source-to-pay procurement platform for running sourcing events, contracts, and supplier risk once suppliers are known. Speya is an AI engine for finding and AI-vetting suppliers before that process begins. Here is how they differ.

By the Speya team

·

Updated

Side by side

How Speya compares.

Capability

Speya

Ivalua

Supplier discovery

Describe it in plain language

Manual, from existing lists

Vetting

Every supplier AI-vetted

Supplier-submitted risk data

Coverage

Millions of suppliers, global

Existing supplier base

Speed to shortlist

Minutes

Weeks per sourcing cycle

Autonomy

Runs the whole case with Speya Auto

Process automation, not discovery

Built for

Enterprise procurement

Large enterprises running full source-to-pay

Background

The platform, in brief.

Ivalua is a source-to-pay procurement software platform covering sourcing, contract management, supplier risk, eProcurement, invoicing, and spend analysis. It serves large enterprises across industries including aerospace, automotive, healthcare, and financial services, with AI agents built to automate steps inside existing procurement processes.

The gap

Where it falls short for modern procurement.

Ivalua is a broad procurement suite built to run sourcing events and supplier risk workflows once suppliers are identified. Its AI agents automate steps inside processes a buyer already runs; they are. Ivalua is complementary to a discovery layer.

Authority

Why you can trust this comparison.

This comparison comes from the team that builds Speya, used for supplier discovery by IKEA, Roche, Clas Ohlson, Rusta, Ahlsell and STARK Group, plus PwC and Deloitte. We state where we fit and where we do not.

Enterprise procurement

IKEA, Roche, Clas Ohlson, Rusta, Ahlsell and STARK Group source with Speya.

Global consultancies

PwC and Deloitte run client sourcing on the platform.

Independently audited

ISO 27001 and SOC 2 Type II, third-party audited.

EU by default

Hosted in the EU. Supplier data never leaves EU borders.

S

Speya

The Speya team, building AI supplier discovery for enterprise procurement. We cover sourcing, supplier data, risk and compliance.

Last updated

The difference

Why teams choose Speya.

Speya is built for how procurement works now. You describe the need, Speya discovers and AI-vets suppliers across millions worldwide, ranks them into tiers, and can run the whole case on its own. You get a defensible shortlist in minutes, with the evidence beside every name.

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