Federal Agencies now have fast-track access to market-leading, cloud-based technology to digitally transform government acquisition(Ivalua )
Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that it has achieved FedRAMP Ready status for moderate impact certification and is listed on the FedRAMP Marketplace. It is also marks a key milestone and important validation for any federal government agency or enterprise that requires its cloud-based acquisition management solutions to provide the highest levels of data security.
Read More: Huobi Introduces Request for Quote for Electronic Trading and Voice Trading
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. The objective of FedRAMP is threefold: (1) Ensure that information systems/services used government-wide have adequate information security; (2) Eliminate duplication of effort and reduce risk management costs; and (3) Enable rapid and cost-effective procurement of information systems/services for federal agencies.
Read More: GlobalFintechSeries Interview with Michael Higgins, Chief Executive Officer at Velox Clearing
“Reaching this critical FedRAMP designation is a milestone and will enable our industry-leading platform to assist in optimizing the lifecycle of the $4.45 trillion federal acquisition spend,” said Michael Arthur, Federal Business Development Leader. “Our highly secure platform, industry leading customer experience and proven ability to deliver rapid value align perfectly with the goals of FedRAMP and the Federal Government.”
Purpose-built for public sector organizations, Ivalua GovCloud empowers federal acquisition leaders to accelerate their digital procurement transformation, enabling more efficient government, reducing risk and increasing compliance. FedRAMP is a critical advantage for customers, as it provides a uniform approach to risk-based security management. This saves federal agencies significant cost, time and resources.
“Digitization of public sector procurement has become a necessity and achieving FedRAMP authorization of Ivalua GovCloud is a critical step in meeting the growing demands, security and compliance requirements of our public sector customers,” said Mike Cook, Head of Public Sector at Ivalua. “Our FedRAMP authorization continues to show our commitment to delivering the most reliable and secure cloud solution to support our customers in rapidly-accelerating their digital procurement transformation objectives.”
Read More: Bank Of The Future: How Banks And Fintechs Are This Decade’s Unlikely Duo
