IVA is Ivalua's Intelligent Virtual Agent that automates work across source-to-pay procurement processes.
IVA, the Intelligent Virtual Agent from Ivalua, is an agentic assistant for procurement teams that executes tasks across the source-to-pay cycle, from intake and sourcing to contract, purchasing, invoicing, and payments. The agent operates on the provider's platform data model and follows the customer's own governance rules, with permissions and audit trails around every action.
Its engine, IVA Studio, is the management layer where teams define Skills, select from major LLM providers, and control what the agent can do. The product connects to broader enterprise AI estates and is offered as part of the provider's platform.
Freehand
Freehand AI Spend Governance
freehand.ai
Procurify
Procurify Agentic Procurement Platform
procurify.com
Ramp
Ramp Procurement
ramp.com
SAP
SAP Ariba
sap.com
| Attribute | IVA | Freehand AI Spend Governance | Procurify Agentic Procurement Platform | Ramp Procurement | SAP Ariba | |
|---|---|---|---|---|---|---|
| Provider |  | | | | | |
| Founded | 2000 | 2018 | 2013 | 2019 | 1972 | |
| Sells To | B2B, Business, Enterprise | Enterprise | — | Enterprise, Small Business | — | |
| Pricing Model | Recurring, Subscription | Recurring | — | Recurring, Software, Transactional | Recurring, Software | |
| Ownership | — | Venture Capital | — | Equity, Venture Capital | Public |
Provider
Founded 2000
Sells To B2B, Business, Enterprise
Pricing Model Recurring, Subscription
Ownership —
Provider
Founded 2018
Sells To Enterprise
Pricing Model Recurring
Ownership Venture Capital
Provider
Founded 2013
Sells To —
Pricing Model —
Ownership —
Provider
Founded 2019
Sells To Enterprise, Small Business
Pricing Model Recurring, Software, Transactional
Ownership Equity, Venture Capital
Provider
Founded 1972
Sells To —
Pricing Model Recurring, Software
Ownership Public
GEP Smart
gep.com
