ConnXus Automated Data Enrichment Integrates with JAGGAER Direct Procurement Software, Developing Corporate Supplier Diversity Programs
RESEARCH TRIANGLE PARK, NC – June 15, 2017 – ConnXus and JAGGAER today announced a partnership that integrates ConnXus ‘s SmartScrub data validation within JAGGAER’s direct procurement platform. Historically, purchasing management tools and vendor data validation are housed within separate software platforms.
SmartScrub provides procurement managers with a base understanding of their diverse supplier count by validating supplier classifications and aggregating diversity business certifications. A 2016 Procurement Executive Insight report by The Hackett Group indicated that supplier diversity programs potentially increase market share and that “99% of all diverse suppliers meet or exceed buyers’ expectations.” Known for simplifying supplier management and supplier diversity programs, ConnXus holds the industry-leading data enrichment turnaround time of three to seven business days.
“Efficient data management is at the top of procurement professionals’ minds,” says Daryl Hammett, Chief Operations officer and co-owner of ConnXus. “Not only does SmartScrub streamline data efficiency, it allows for managers and decision-makers to instill goals for supplier innovation and competitive advantages. We are excited to be working with JAGGAER Direct and to be integrating SmartScrub into their cognitive procurement solutions.”
“Procurement leaders can be responsible for managing thousands of suppliers on several fronts, including financial stability, adherence to regulations, and supplier diversity. Failing to meet any of these standards can pose a massive risk to a company. JAGGAER is thrilled to be partnering with ConnXus, and integrating SmartScrub data validation, to provide procurement managers with a comprehensive view of their diverse suppliers,” says Rob Bonavito, CEO, JAGGAER.
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER offers the only comprehensive and complete spend solution suites enabling commerce between any businesses, anywhere. We pioneered spend solutions over two decades ago and have continued to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest higher education, manufacturing, pharmaceutical, life sciences, automotive, engineering, construction equipment, serial production and medical technology companies. Our indirect and direct spend solutions suites collectively form a global network processing billions of dollars in annual spend between 900+ customers and 2.5 million suppliers. JAGGAER’s SaaS based, Source to Pay (S2P) solutions enable an efficient relationship between buyers and suppliers, covering the entire spectrum of needs, from spend analysis to sourcing, through contract and supplier relationship management. Additionally, JAGGAER holds 38 patents, more than any other spend management company, and acquired POOL4TOOL in 2017. Learn how our solutions can power your organization.
ConnXus supplier management solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. ConnXus is a NMSDC and CPUC-certified minority-owned business enterprise based in Mason, Ohio with local, regional and international capabilities. For additional information about ConnXus and their growing suite of supplier management solutions, visit the company’s website at www.connxus.com, and to register your company on the ConnXus platform, visit https://mysuppliernetwork.com/user/signup.