Product Overview of JAGGAER
JAGGAER is a comprehensive and innovative cloud-based platform designed to manage and optimize all aspects of business spend, particularly focusing on procurement, sourcing, supply chain collaboration, and contract management. Here is a detailed look at what JAGGAER does and its key features:
What JAGGAER Does
JAGGAER is the world’s largest independent spend management company, offering a unified platform known as JAGGAER ONE. This platform is designed to support 100% of business spend across multiple vertical industries, including manufacturing, education, healthcare, retail, and the public sector. It aims to streamline complex procurement processes, enhance visibility into spending and contracts, and improve collaboration among stakeholders.
Key Features and Functionality
Spend Analytics
JAGGAER ONE includes advanced spend analytics that leverage Natural Language Processing (NLP) and Machine Learning (ML) to classify, normalize, and provide a global view of all spend data. This helps in creating strategic approaches to specific areas of spend and optimizing expenses.
Supplier Management
The platform offers robust supplier management capabilities, allowing for an unbiased assessment of supplier performance to mitigate risks. It also enhances supplier collaboration for optimized performance in logistics, quality control, sustainability, and resilience.
Sourcing
JAGGAER facilitates full digital transformation of procurement functions through integrated sourcing activities. This includes strategic sourcing, category management, and the creation of digital procurement category strategies to deliver cost savings and continuous improvement.
Contract Management
The platform provides contract lifecycle management, ensuring contract-compliant purchasing that guides buyers to the right suppliers, prices, and terms. It also automates contract execution, increasing compliance and reducing risk.
eProcurement
JAGGAER guides organizational spend towards compliance through a powerful marketplace, ensuring that procurement activities align with strategically contracted suppliers. This includes catalog management and procure-to-pay processes.
Inventory Management
The platform helps in decreasing redundant purchases by enabling shopping within internal inventory. It also manages catalogs to ensure that the right products are available when needed.
Invoicing and Accounts Payable
JAGGAER automates accounts payable (AP) processes, ensuring compliance with regional and country-specific regulations. This full automation of global AP processes increases efficiency and reduces overhead costs.
Supply Chain Collaboration
The platform modernizes collaboration with direct material suppliers through a completely digital Supply Chain Management (SCM) solution. This enhances performance in logistics, quality control, and sustainability, and ensures supplier continuity during disruptions.
Quality Management
JAGGAER reduces supply chain risk and costs with a digital solution that streamlines quality management processes. This includes predictive and prescriptive analytics to drive better decision-making.
Integration and Customization
The platform supports a variety of platforms, including Android, and offers robust integration capabilities with ERP systems and third-party solutions. It also provides customizable templates, approval workflows, and user management to fit the specific needs of different organizations.
Additional Benefits
- Real-Time Insights and Automation: JAGGAER ONE provides real-time insights and automated workflows to enhance visibility, reduce costs, and improve overall procurement efficiency.
- Global Supplier Network: The platform offers a global supplier network with deeper supplier relationships, facilitating easier enablement and global discoverability.
- Data Security: JAGGAER ensures robust data security with user and role-based access controls, protecting sensitive data while enabling the sharing of pertinent information.
In summary, JAGGAER is a powerful and comprehensive spend management solution that integrates various procurement functions, enhances supplier collaboration, and provides actionable insights through advanced analytics, making it an invaluable tool for large organizations and complex procurement environments.