Brings AI-powered direct materials spend & price intelligence to manufacturers
The acquisition advances Jaggaer’s strategy to build the industry’s most intelligent procurement platform. For customers, the combination will address one of procurement’s most persistent challenges: organizations have more data than ever before, but converting that data into measurable savings and margin improvement remains a challenge.
Jaggaer’s software helps large organizations manage the entire procurement process, from selecting suppliers, to negotiating contracts, to paying invoices. Its customers include manufacturers, universities, hospitals, and government agencies.
Critical problem
Ivoflow, founded in 2020, focuses on a narrower but critical problem for manufacturers: knowing whether the price you’re paying for a part is in line with the market. Its software pulls together a company’s purchasing records, often scattered across different systems and hard to compare, and lines them up against outside market data such as raw material costs and currency movements.
Ivoflow closes that gap. Its platform connects a manufacturer’s ERP and procurement data with live market inputs: commodity indices, currency movements, and cost data. It recalculates, at the individual part level, what each part should cost as conditions change. That insight enables buyers to negotiate better contracts.
Ivoflow’s software uses AI to automate that check. It reads a supplier’s price-increase request, breaks down what’s actually driving the cost (raw materials, currency, labour), compares that against real market data, and tells the buyer how much of the requested increase is justified and how much is not.
Enabling buyers
“Ivoflow will enable buyers to manage more of their direct materials within a single platform, bringing powerful market and cost intelligence into supplier negotiations. This means more transparent, fact-based conversations with suppliers, stronger partnerships, and better commercial outcomes. We see real opportunity to invest in the team, expand the platform, and accelerate what we can deliver together,” said Andrew Roszko, Chief Executive Officer of Jaggaer.
“Joining Jaggaer gives us the reach and platform to bring that capability to many more customers and accelerate what we set out to build. We are very much looking forward to what lies ahead and to becoming part of the Jaggaer team,” stated Nicolas Neubauer, Co-Founder, Ivoflow.
“By combining Ivoflow’s capabilities with Jaggaer’s team, reach and platform, we can accelerate our roadmap, expand our AI capabilities, and build toward becoming the leading provider of spend and price intelligence for manufacturers globally,” concluded Daniel Demuth, Co-Founder, Ivoflow.
