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What is Stimulus?

Stimulus harnesses data and analytics to help organizations enhance their purchasing decisions with a strong emphasis on diversity, equity, and inclusion. The current approach for searching, selecting, and evaluating suppliers is inefficient and complicated. There is a notable absence of a standardized framework for assessing suppliers or pinpointing alternative choices. Within the Stimulus ecosystem, companies can easily find qualified suppliers. By taking advantage of the Stimulus API, businesses can consolidate data from various sources, creating a cohesive source of truth. This also allows for effective management of supplier relationships by tracking spending, ongoing projects, and their respective statuses—ranging from consideration to qualification, shortlisting, or award. Moreover, the platform allows for the development of projects aimed at specific objectives and criteria, enabling organizations to thoroughly evaluate vendor performance throughout the entire process, which significantly improves decision-making and results. Ultimately, this innovative methodology not only streamlines procurement but also promotes a more inclusive and equitable supply chain, contributing to overall corporate responsibility and social impact.

What is Ivalua?

The Source-to-Pay (S2P) process encompasses a detailed series of actions that connect organizations with their suppliers, starting from the selection of appropriate suppliers to meet particular requirements, and progressing through negotiations and contract finalization for the procurement of goods and services. Ultimately, this sequence wraps up with the invoicing and settlement of payments to these suppliers. Beyond the basics, S2P integrates strategic procurement elements such as spend analysis, sourcing, contract oversight, and supplier management, which includes evaluating supplier data, assessing risks, and measuring performance. It also incorporates downstream procedures like electronic procurement, managing purchase orders, automating invoices, and handling accounts payable tasks. By utilizing the Source-to-Pay framework, organizations aim to reduce costs, manage risks more effectively, stimulate innovation, strengthen supplier relationships, and fulfill various strategic goals. Furthermore, Ivalua’s Source-to-Pay platform enhances and digitally transforms the entire procurement process across diverse categories of spending and supplier interactions, boosting both efficiency and effectiveness. This comprehensive methodology not only enables companies to adapt swiftly to market fluctuations but also optimizes their entire supply chain management processes, ultimately leading to improved overall performance.

Media

Media

Integrations Supported

Adobe Acrobat Sign
Beamy
Docusign
Entrio
Fairmarkit
IntegrityNext
Leah
Lemon Learning
Procure Ai
Punchout Catalogs
Shortways
TCS CHROMA
TCS HOBS
TCS Intelligent Urban Exchange
TCS MasterCraft DataPlus
TCS MasterCraft DevPlus
TCS MasterCraft TransformPlus
TCS OmniStore
TCS Optumera
TCS TAP

Integrations Supported

Adobe Acrobat Sign
Beamy
Docusign
Entrio
Fairmarkit
IntegrityNext
Leah
Lemon Learning
Procure Ai
Punchout Catalogs
Shortways
TCS CHROMA
TCS HOBS
TCS Intelligent Urban Exchange
TCS MasterCraft DataPlus
TCS MasterCraft DevPlus
TCS MasterCraft TransformPlus
TCS OmniStore
TCS Optumera
TCS TAP

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Stimulus

Date Founded

2017

Company Location

United States

Company Website

getstimulus.io

Company Facts

Organization Name

Ivalua

Date Founded

2000

Company Location

United States

Company Website

www.ivalua.com

Categories and Features

Purchasing

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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