JAGGAER Unveils New Portfolio Savings Manager
- Press Release
RESEARCH TRIANGLE PARK, N.C. – May 16, 2016 – JAGGAER, the leading public provider of spend management solutions delivering value beyond savings, today announced the launch of the new Portfolio Savings Manager (PSM). The new tool, which fully integrates with the JAGGAER Source-to-Pay Suite, provides procurement buyers to finance departments to CEOs a collaborative solution to validate, track and measure the success of savings initiatives throughout the organization.
The cross-functionality of the product allows team members in any department throughout the organization to identify potential savings projects, prioritize project lists, designate approved projects and track the results over time. Additionally, PSM enables more seamless management of initiatives by combining the functionality of multiple project management tools, including the tracking capabilities of spreadsheets, process outlining of workflow plans, historical accounting of databases and reporting capabilities of dashboards. Through this single interface, users benefit from multiple offerings to achieve an all-encompassing savings tracking and management system.
In addition, PSM includes the following features:
- A cloud-based initiative repository
- The ability to track deliverables, including progress, status, savings and goals
- A configurable initiative approval workflow process
- Historical project and savings visibility
- Configurable company-based commodity codes, descriptions, departments and other attributes
Portfolio Savings Manager will be available for purchase in July.
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. Learn how our solutions can power your organization