Vulcan Materials Strengthens Relationship with JAGGAER to Drive Greater Spend Visibility
RESEARCH TRIANGLE PARK, NC – February 21, 2017 – JAGGAER, producers of the world’s most comprehensive Source-to-Pay (S2P) solutions suite, today announces that Vulcan Materials Company has extended their relationship through JAGGAER’s Spend Radar solution. Vulcan Materials Company is the nation’s largest producer of construction aggregates.
Vulcan has successfully used Spend Radar, JAGGAER’s spend analytics tool, to gain actionable visibility into spend categories related to their Purchase Order, PCard and Accounts Payable transactions. Spend Radar is a turnkey solution that provides the comprehensive analysis necessary to drive cost savings and bring 100 percent of spend under management. JAGGAER makes it easy by cleansing and classifying the data for Vulcan, and performing automatic data refreshes.
“Spend Radar allows us to look deeper into the line level data and see with greater accuracy where we are spending, who we are spending with, and identify specific areas where there are opportunities to reduce cost,” said Michelle Lax, Procurement Product Manager for Vulcan. “Now, when we need a report on what we are spending with a particular supplier, it’s simple to generate and it provides all of the detail our decision makers need,” she adds.
Vulcan’s use of Spend Radar extends well beyond its successful cost-savings projects. The company’s financial analysts are also taking advantage of the system to better understand what is happening with spend and help plant managers make better buying decisions. Vulcan also has added new data fields in Spend Radar to augment the tool’s analytic capabilities.
“We are committed to continuing our long-term relationships with our customers by partnering with them, understanding their unique needs and delivering first-class eProcurement solutions and service. We’ve been working with Vulcan for more than four years now, and we look forward to helping Vulcan with their savings and spend initiatives for years to come,” said Rob Bonavito, CEO, JAGGAER.
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.
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