Sunoco motor oil

Sunoco to Implement JAGGAER Suite to Streamline Spend Management

  • Press Release
  • Source to Pay
  • Transportation and Logistics

RESEARCH TRIANGLE PARK, NC – February 10, 2016 –  JAGGAER, a leading provider of cloud-based business automation solutions for spend management, today announced an agreement with Sunoco LP (NYSE: SUN), a convenience retail and fuel distribution company. Sunoco will deploy JAGGAER’s entire Source-to-Pay Suite to replace its current procurement tools and redefine its sourcing process.

Sunoco, which has recently completed a series of acquisitions, recognized the need to evaluate its source-to-pay process to reduce spend and gain efficiency throughout the organization. During this evaluation, it was determined that there is opportunity to standardize onboard, buy, pay and source functions under a single platform to help gain efficiencies in the organization. JAGGAER was selected as Sunoco’s partner after a formal strategic sourcing process.

Sunoco will deploy the full JAGGAER suite of solutions, including:

 

  • Spend Radar, to conduct the comprehensive, accurate analysis necessary to drive and measure cost saving.
  • Sourcing Director, to expand control and management of the sourcing process.
  • Total Supplier Manager, to achieve a reduction in risk exposure brought by suppliers, a greater depth of and visibility into supplier data, and consistent and accurate supplier data for supporting sourcing and procurement strategies.
  • Total Contract Manager, to enable optimization and visibility of the entire contract lifecycle, using a single repository for all vendor contracts.
  • Spend Director, to transform a manual and labor-intensive procurement process into a center of excellence, delivering significant cost savings and efficiencies and automate the procure-to-pay process.
  • Accounts Payable Director, to eliminate tedious and error-prone manual processes, free up valuable resources and present an opportunity to make a significant impact to the organization’s bottom line.

 


 

About Sunoco LP

Sunoco LP (NYSE: SUN) is a master limited partnership that operates more than 850 convenience stores and retail fuel sites and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in 30 states at approximately 6,800 sites, both directly as well as through its 31.58 percent interest in Sunoco, LLC, in partnership with an affiliate of Energy Transfer Partners, LP (NYSE: ETP). SUN’s general partner is owned by Energy Transfer Equity, LP (NYSE: ETE).

 

About JAGGAER: Procurement Simplified

JAGGAER is the world’s largest independent spend management company, connecting customers to a network of 4 million suppliers in 70 countries, served by offices located in the Americas, APAC, Asia and EMEA. JAGGAER offers end-to-end SaaS-based procurement 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 solutions for more than two decades and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia. JAGGAER holds 37 patents – more than any other spend management company.

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