JAGGAER ONE 21.2 Release Automates and Optimizes Common Procurement Tasks, Accelerating Time to Value
- Press Release
- Procure to Pay
- Source to Pay
Research Triangle NC, July 27 2021: JAGGAER today announces Release 21.2 of its source-to-settle platform, with a raft of new and enhanced features to automate and optimize common procurement tasks while providing additional visibility and insight to manage risk and improve collaboration between buyers and suppliers.
This latest release builds on the Digital Mind strategy announced earlier this year, introducing JAGGAER Adopt, Assist and Advise.
JAGGAER Adopt provides in-application support to drive system education and optimize use of the platform. JAGGAER Assist is a virtual assistant available 24/7 that uses natural, conversational language to answer questions, provide guidance, find data or start a new task. “Our customers tell us that end-users welcome support and guidance in completing tasks and they want maximum automation of routine tasks, freeing up time for value-adding activities. They also want to ensure that users adhere to process guidelines and best practices. So, this has been a major focus of our R&D effort,” said JAGGAER CEO Jim Bureau.
Also new in the 21.2 Release is JAGGAER Advise. This recommendation engine operates through customer-defined rules to reduce complexity. All recommendations are communicated back to the engine for analytical purposes, and the data is used to refine the process, enabling continuous improvement in decision-making. Site administrators will be able to configure the rules that generate recommendations across queries such as Extend RFx Deadline, Supplier Recommendations and Supplier Universal Assessments. “JAGGAER Advise increases user productivity and efficiency to improve outcomes and drive more value from procurement,” Bureau said.
Business Analytics & Risk Management
CPOs are challenged to demonstrate the value of the procurement function, which is not always easy. An enhanced JAGGAER ONE business analytics dashboard for P2P measures the value an organization is realizing in areas such as estimated savings, performance, spend under management and directed contract spend “This flexible analytics dashboard makes it much easier to compare procurement KPIs with organizational goals and objectives and measure them against industry best practices,” Bureau said.
In Supplier Management, JAGGAER has extended its partnership integration with The riskmethods Solution™ to help identify and assess risks in the supply chain and proactively respond to any disruptions. Recent high-profile disruptions including extreme weather events such as the Texas cold snap, and the ongoing global semiconductor shortage, have highlighted the value in recognizing risks early and moving proactively to prevent or mitigate damage should a risk event occur. “Our integration with JAGGAER empowers companies to make risk management a central element of procurement and supply chain functions,” said riskmethods CEO Heiko Schwarz. “Reacting faster to threats, being proactive and risk aware are core capabilities that enterprises are aiming for as they seek to build more resilient supply chains. To support these aims, we recently launched riskmethods Sub-Tier Visibility™, which enables companies to manage risk below tier 1.”
Contracts & Order Management
Leveraging software our customers use daily, such as Microsoft ® Word, we support easier editing of contract metadata, eliminating the need to make changes in multiple places. There are also some significant enhancements to order processing and order collaboration with suppliers. These include the addition of an order acknowledgment notification for buyers and enabling suppliers to make change requests within the supplier portal. “These are just a few examples, of which there are many in this new release, of how JAGGAER is working to optimize eProcurement for both buyers and suppliers,” Bureau concluded.
About JAGGAER: Procurement Simplified
We drive customer value for buyers and sellers through our global connected network served by offices located in the Americas, APAC, Asia and EMEA. JAGGAER develops and provides comprehensive source-to-settle SaaS-based solutions, including advanced Spend Analytics, Category Management, Supplier Management, Sourcing, Contracts, eProcurement, Invoicing, Supply Chain Management and Inventory Management. These all reside on a single platform, JAGGAER ONE. JAGGAER has pioneered spend management solutions for more than 25 years and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia.
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