Loyola University Maryland Implements JAGGAER to Transform Procurement Processes
Morrisville, NC – April 19, 2016 – JAGGAER, the leading public provider of spend management solutions delivering value beyond savings, today announced Loyola University Maryland will implement JAGGAER’s Source-To-Settle Suite to enable the university’s procurement process transformation. Through the full suite, Loyola will be able to aggregate, analyze and manage university-wide spend through a single interface, which has not previously been possible.
Loyola, a Jesuit, Catholic university located in Baltimore, Maryland, recognized the need to streamline its spend management process and gain deeper insights into how funds were being spent across the organization. Until partnering with JAGGAER, Loyola did not have automated, university-wide processes for the procurement function, but instead relied on manual processes administered by each department. As Loyola looked to enhance its spend management process, it needed to implement its first-ever system to manage and monitor spend.
“Until recently procurement was a department-level responsibility that limited our cross-organization visibility into overall spend, which left us missing out on cost savings, efficiencies and a deeper understanding of how we were spending funds,” said Randall Gentzler, vice president for finance and treasurer at Loyola. “Moving forward, JAGGAER will be the heart of Loyola’s procurement operation. We are confident that having access to so much in-depth procurement activity data on one platform will not only make us more efficient and drive cost savings but also more strategic about how we use our resources.”
Becoming a customer at the end of 2015, Loyola is deploying JAGGAER’s source-to-settle suite, including the following solutions:
- Sourcing Director, to expand control and management of the sourcing process.
- Total Contract Manager, to enable optimization of the entire contract lifecycle, using a single repository for all vendor contracts.
- Spend Director, to transform manual and labor intensive procurement function into a center of excellence, by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation.
- Accounts Payable Director, to eliminate tedious and error-prone manual data entry, free up valuable resources and present an opportunity to make a significant impact to the organization’s bottom line.
About Loyola University Maryland
Established in 1852, Loyola University Maryland is a Jesuit university comprising Loyola College of Arts and Sciences, the Sellinger School of Business and Management, and the School of Education. Loyola enrolls 4,000 undergraduate and 2,000 graduate students from across the country and around the world. More information is available at http://www.loyola.edu, Loyola on Facebook, Twitter @LoyolaMaryland, and Instagram @LoyolaMaryland.
Some of the largest Commercial, Manufacturing and Life Sciences companies in the world trust JAGGAER with billions of dollars of annual spend. Additionally, JAGGAER is the leading procure-to-pay provider in the Higher Education and Government sectors. JAGGAER eprocurement and strategic sourcing customers across the globe have gained access to the best suppliers, with the best terms, on our scalable, customizable, user-friendly platform. Our SaaS-based, source-to-settle solution provides unparalleled visibility, insights and recommendations to procurement leaders and suppliers. The result is a fluid supply chain driven by powerful spend analysis, comprehensive contract management and efficient accounts payable solutions. Learn how our solutions can power your organization: www.jaggaer.com.
JAGGAER Media Contact
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks are discussed in “Part I, Item 1A, Risk Factors” and elsewhere in JAGGAER’s most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission (“SEC”). The company’s SEC reports are available free of charge on the SEC’s website at http://www.sec.gov or on the company’s website at https://www.jaggaer.com. These forward-looking statements speak only as of the date hereof, and JAGGAER undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.