Project-Based Procurement: One Source of Truth for Capex Projects
JAGGAER is introducing a new solution tailor-made for any company or organization challenged with managing large capex projects: Project-Based Procurement (PBP). PBP represents a natural evolution in the spend management space, and creates a path to true digital conversion for many companies still managing large projects with paper and Excel spreadsheets. PBP enables the aggregation of all the procurement elements of a project in a digital binder, creating a single source of truth through enhanced spend management. PBP utilizes the same workgroup structure to organize projects as all other JAGGAER products including sourcing, contracts, accounts payable, inventory management, and reporting.
JAGGAER’s solution delivers multiple advantages to manufacturers, retailers, organizations, and institutions managing any capex project, like construction or product development. For higher education institutions, the ability to manage grants is an added boon. The solution manages all deliverables and tasks surrounding a project, tracks all project related transactions including the development of a library of all project related sourcing events, contracts and related documents.
In our exclusive video you’ll witness the power of JAGGAER’s PBP solution and learn how to:
- Create an ”envelope/binder” around all procurement related activities associated with capex or large projects.
- Manage deliverables and tasks for procurement activities and supporting activities.
- Automatically track transactions from requisition to PO to invoice—all in one place.
Maintain complete visibility into all the elements of large capex projects: view an introductory video here