Ivalua Launches IVA Studio, Redefining How Procurement Works With AI
PR Newswire
REDWOOD CITY, Calif., June 11, 2026
Ivalua's Intelligent Virtual Agent (IVA), now powered by IVA Studio, is a fully agentic system able to execute any Source-to-Pay process from day one and automate any procurement workflow. IVA Studio is built on the same skills framework pioneered by leading frontier AI labs, giving IVA full platform access, self-improving capabilities, and Model Context Protocol (MCP) support. Governance is enforced at the platform level: IVA inherits the same permissions applied to people, cannot exceed them, and logs every action for complete auditability.REDWOOD CITY, Calif., June 11, 2026 /PRNewswire/ - Ivalua, the enterprise AI platform for procurement, announces the launch of IVA Studio, enabling a fundamentally new way for procurement teams to work. Rather than managing many AI agents atop fragmented data and disjointed systems, IVA Studio enables procurement to perform any activity across the Source-to-Pay (S2P) process through a single agent, IVA, that knows your data, follows your rules, and gets work done on day one. IVA Studio is the AI control tower managing IVA's skills, permissions, tools, and MCP integrations.
