BELLEVUE, Wash. & LONDON--(BUSINESS WIRE)--Jun 3, 2025--
Smartsheet, the AI-powered enterprise-grade work management platform, announced a strategic collaboration with PwC UK, a leader in professional services, that will empower PwC's clients to streamline complex business transformation initiatives with Smartsheet technology. The relationship, which was detailed today at the Smartsheet Summit in London, is launching with a strong pipeline of enterprises, including the UK’s largest transportation infrastructure organisation, and will initially focus on the UK Public Sector and Financial Services markets.
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Through this collaboration, PwC will apply its deep industry expertise to help its clients leverage Smartsheet’s platform, which manages projects, programmes, and processes at scale, to achieve their business objectives. By combining Smartsheet’s secure, scalable platform with PwC’s advisory services, clients will gain enhanced agility, foster seamless collaboration, and streamline critical project management processes across diverse industries.
“At Smartsheet, we empower enterprises to achieve more by transforming how work gets done,” said Eva Schoenleitner, Vice President, Worldwide Partnerships, Smartsheet. “The collaboration with PwC marks a significant milestone in delivering on that promise. By leveraging Smartsheet’s powerful capabilities, we enable PwC to help their clients build sophisticated project and portfolio management solutions that drive efficiency and clarity. Our collaboration will accelerate productivity and drive meaningful change for organisations navigating complex transformations.”
“Organisations today really are under tremendous pressure to respond to fast-moving disruption, demonstrate agility in the way they solve problems and bring intelligence, not pretty pictures, to decision-makers,” said Michael Cooch, Partner, Global Portfolio, Programme and Project Management Lead for PwC. “In our latest CEO Survey, nearly half of business leaders said their companies won’t be viable in a decade without fundamental transformation. Our work with Smartsheet brings a powerful and flexible set of tools directly into the hands of our clients, giving them the structure, visibility and decision-support that they’re desperate for to drive real transformation. It’s a great collaboration that can enable businesses to turn strategy into action—confidently and at scale.”
This strategic collaboration underscores Smartsheet’s and PwC’s commitment to driving innovation and delivering global, transformative outcomes for enterprises.
About Smartsheet
Smartsheet is an AI-powered, enterprise-grade modern work management platform trusted by companies across the globe, including more than 85% of the Fortune 500. The category pioneer and market leader, Smartsheet delivers powerful solutions fueling performance and driving the next wave of innovation. Visit www.smartsheet.com to learn more.
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 149 countries with more than 370,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
Smartsheet and PwC UK Announce Strategic Collaboration to Accelerate Business Transformation at Scale
DURHAM, N.C.--(BUSINESS WIRE)--Sep 14, 2026--
Jaggaer, a leader in AI-powered procurement solutions, today announced it has completed its acquisition of Ivoflow, a spend & price intelligence platform for direct materials, based in Koblenz, Germany. The transaction closed on September 11, 2026.
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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.
The addition of Ivoflow enables Jaggaer to provide true spenddecision intelligence.
The outcome: rather than simply answering questions about historical spend, the combined capabilities help procurement teams make better decisions.
What each company does
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.
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.
Closing a gap that costs manufacturers real money
Direct materials (the raw materials, parts, and components that go directly into what a manufacturer builds) typically represent 50% to 70% of cost of goods sold for complex manufacturers. Yet fewer than 2% of manufacturers operate with a purpose-built spend & price intelligence capability for this category. Most are still comparing supplier prices by hand in spreadsheets, with no reliable way to know whether what they're paying is fair as markets move.
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 customers like Georg Fischer, Sumitomo, Grammer, TI Automotive and ZF Lifetec use the platform for full spend visibility, faster negotiations, and more defensible pricing decisions.
Why the two companies are stronger together
Jaggaer and Ivoflow solve two halves of the same problem. Jaggaer helps organizations run the buying process end to end, selecting suppliers, negotiating, sourcing, and paying invoices. Ivoflow helps them know whether the price on the table is a fair one. Together:
Where AI comes in
Manufacturers routinely receive requests from suppliers to raise prices, citing higher costs for steel, plastic, or other raw materials. Checking whether each request is actually justified takes a lot of manual work, so many get approved without a real check, and unjustified increases quietly eat into a company's profit.
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, labor), compares that against real market data, and tells the buyer how much of the requested increase is justified and how much is not. As an example, a supplier's requested 6% price increase held up to only 1.3%, once checked against actual cost drivers. The same approach also scans a company's full spend on its own, flagging categories where prices have already drifted out of step with the market before a supplier even asks for an increase.
Investing in growth
Jaggaer intends to invest in the Ivoflow team, product, and roadmap, including expanding its AI-driven capabilities, such as scenario modelling, savings-probability generation, and proactive procurement guidance. Ivoflow's co-founders, Daniel Demuth and Nicolas Neubauer, will continue to lead the Ivoflow team, which joined Jaggaer as part of the transaction.
“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.
“We built Ivoflow to help manufacturing companies become leaders in cost excellence and drive profitability. 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,” said Nicolas Neubauer, Co-Founder of Ivoflow.
“Jaggaer gives us the opportunity to help shape the future of how manufacturing enterprises manage their spend and identify savings. 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,” said Daniel Demuth, Co-Founder of Ivoflow.
About Jaggaer
Jaggaer has been building procurement software since 1995. Its platform helps organizations manage the full lifecycle of buying, from selecting suppliers through paying invoices, and serves customers including several Fortune 500 companies, universities, hospitals, and government agencies.
About Ivoflow
Founded in 2020 and based in Koblenz, Germany, by co-founders Daniel Demuth and Nicolas Neubauer, Ivoflow is a direct materials spend and price intelligence platform built by a team with deep procurement industry experience. The two met roughly a decade ago while working together at a major automotive supplier ZF Friedrichshafen. Ivoflow serves 17 enterprise manufacturing customers, with €77.6M in savings tracked under management. The platform has been recognized in the ProcureTech 100 (2023, 2024, and 2025/26, Analytics, Data & Intelligence category), named to SpendMatters' “Future 5,” validated on SpendMatters' SolutionMap for Spend Analytics, awarded The Hackett Group's 2026 Customer Value recognition in that category, and awarded the BSFZ seal for innovation competence in 2025.
Daniel Demuth and Nicolas Neubauer
