Shlomi Lavi /
Aug 23, 2022
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Bottom Line: Which is Better - Ivalua or elementum?
elementum is more expensive to implement (TCO) than Ivalua, and elementum is rated higher (91/100) than Ivalua (86/100).
Looking for the right Contract Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Ivalua Vs. elementum
Ivalua: Ivalua is a global provider of spend management solutions and a leader in Gartner’s 2015 Strategic Sourcing Magic Quadrant. Ivalua’s cloud-based software is used by procurement and finance organizations in large, global companies, and every day more than 500,000 users and millions of suppliers from over 70 countries log into the Ivalua platform.
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elementum: Elementum makes supply chain simple. By means of intuitive, mobile-first apps, we help companies streamline procurement, logistics, and manufacturing operations. Powered by the world’s first product graph, Elementum makes sense of millions of data sources to provide a full picture of the global product economy. Customers get actionable insights and...
Who is more expensive? Ivalua or elementum?
The real total cost of ownership (TCO) of Contract Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Ivalua and elementum.
Ivalua price starts at $2,000 per user/month , On a scale between 1 to 10 Ivalua is rated 6, which is similar to the average cost of Contract Management software. elementum price starts at $19 per user/month , When comparing elementum to its competitors, the software is rated 6 - similar to the average Contract Management software cost.
Bottom line: Ivalua cost is around the same cost of elementum.
Which software includes more/better features?
We've compared Ivalua Vs. elementum based on some of the most important and required Contract Management features.
Ivalua: We are still working to collect the list of features for Ivalua.
elementum: We are still working to collect the list of features for elementum.
Target customer size
Ivalua's typical customers include: Small, medium and large size businesses, and elementum's target customer size include: Small, medium and large size businesses.