Shlomi Lavi /
Jan 01, 2023
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Bottom Line: Which is Better - Ivalua or Procore?
Ivalua is more expensive to implement (TCO) than Procore, and Procore is rated higher (99/100) than Ivalua (86/100). Procore offers users more features (17) than Ivalua (0). There is a clear winner in this case and it is Procore!
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. Procore
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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Procore: People like to use Procore. That’s a simple statement, and it might not seem obvious to you yet. But what if your organization buys construction project management software, and your project team doesn’t want to use it? What happens if the software actually makes things worse?
Who is more expensive? Ivalua or Procore?
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 Procore.
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. Procore price starts at $667 per month , When comparing Procore to its competitors, the software is rated 2 - much lower than the average Contract Management software cost.
Bottom line: Ivalua is more expensive than Procore.
Which software includes more/better features?
We've compared Ivalua Vs. Procore 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.
Procore: Document Management, Issue Tracking, Project Management, Scheduling, Mobile Access.
Target customer size
Ivalua's typical customers include: Small, medium and large size businesses, Procore is excellent for mid-sized and enterprise degree building business.