Modine Manufacturing Discusses Best Practices in Spend Management/ERP Integrations on JAGGAER’s InsideSpend webinar
RESEARCH TRIANGLE PARK, N.C. – August 15, 2018 – Eric Richmond, Director of ERP at Modine Manufacturing Company MOD (NYSE), puts best practices for ERP integrations into perspective during his exclusive interview on JAGGAER”s InsideSpend webinar series. Modine Manufacturing is a global thermal management company.
Richmond provides insights into a common issue in manufacturing: how to manage a spend management integration into an existing ERP system; a task that is typically viewed as daunting, time consuming and resource draining. In Modine’s case the challenge was to integrate with SAP.
“Ordinarily an integration is a nightmare involving a lot of flat file exchange. JAGGAER offered us a complete integration concept that required no software development on our end. We didn’t have to write a single line of code. It was completed in a matter of days, and our users were completely unaware that we had made any changes. It was all done in the background,” observes Richmond.
Richmond details the process of managing the integration including criteria for understanding what is needed from a vendor, how to assess a current ERP system for integration scope, and standardizing data. He also discusses integration of multiple SAP systems, managing middleware routing, determining what materials to integrate, and moving to real time vendor management, including document exchanges and synchronization.
“It’s was important that we selected a vendor that understands our verticals of manufacturing and automotive. Now we are discussing JAGGAER’s future roadmap, and expanding the relationship to extract even more value from existing ERP systems. These include quality management, scorecarding, business intelligence, spend analytics and the industry 4.0 initiatives that we are exploring,” he adds.
Gartner, Inc. has named JAGGEAR (Advantage) highest for ability to execute in its 2018 “Magic Quadrant for Strategic Sourcing Application Suites.”* Earlier this year JAGGAER was named as a Leader in Gartner, Inc’s 2018 “Magic Quadrant for Procure-to-Pay Suites.”**
*Gartner, “Magic Quadrant for Strategic Sourcing Suites”, Magnus Bergfors, Patrick M Connaughton, Desere Edwards, William McNeill, Kaitlynn N. Sommers, 1 August 2018
**Gartner, “Magic Quadrant for Procure-to-Pay Suites”, authored by Desere Edwards, William McNeill, Magnus Bergfors, Patrick M Connaughton, Kaitlynn N. Sommers published 29 May 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 2000 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com
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