JAGGAER Announces New Project Based Procurement Solution Designed for Large Capex Project Management
- Press Release
Nashville TN – May 7, 2018 – JAGGAER, the world’s largest independent spend management company, just announced a unique market offering, developed at the request of businesses seeking a new way to manage large Capex projects: Project Based Procurement (PBP). The solution is being officially released at the annual ISM conference in Nashville, TN. The solution is already in use at two JAGGAER customer companies, both of which have utilized it to change fundamental business practices in terms of managing complex projects.
PBP represents a natural evolution in the spend management space, and creates a path to true digital conversion for many companies still managing large projects with paper and excel spreadsheets. PBP enables the aggregation of all the procurement elements of a project in a digital binder, creating a single source of truth through enhanced spend management. PBP utilizes the same workgroup structure to organize projects as all other JAGGAER products including sourcing, contracts, accounts payable, inventory management and reporting.
JAGGAER’s solution delivers multiple advantages to manufacturers, retailers, organizations and institutions managing any Capex project, like construction or product development. For higher education institutions, the ability to manage grants is an added boon. The solution manages all deliverables and tasks surrounding a project, tracks all project-related transactions including the development of a library of all project-related sourcing events, contracts and related documents.
“We developed PBP with input from several clients and a thorough analysis of market need. It brings true project visibility which enables real-time budget control. PBP is another example of JAGGAER’s commitment to digital transformation, bringing actionable innovation to our customers,” says Rob Bonavito, CEO of JAGGAER.
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,900 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 indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations.
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