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Press Release

TK Elevator Standardizes Procurement Processes with JAGGAER

Procure to Pay | Source to Pay | Supplier Management | Supplier Network

JAGGAER ONE combines all data sources to provide a 360° view

 

Vienna, Austria and Research Triangle, NC, 19, January 2022: TK Elevator (TKE), one of the world’s leading elevator manufacturers and service providers, will in future use the source-to-pay solution JAGGAER ONE to standardize procurement processes on a global level. TKE is present in more than 1,000 locations worldwide and serves customers in more than 100 countries. The aim of the software implementation is to minimize the previous complexity involved in using different procurement systems, while also realizing cost savings. JAGGAER ONE combines all data sources to provide a 360° view and from now on will function as an international point of contact for all information about suppliers at TKE. In future, the entire procure-to-pay (P2P) process will take place on one platform with the same data. The go-live is scheduled to take place in Q3 2022.

In the software selection process JAGGAER impressed TKE with its extensive range of functions and high level of integration expertise. For TK Elevator, flexibility in connecting a wide variety of ERP systems is a crucially important issue; another is the availability of standard connectors to SAP ERP systems. In addition, JAGGAER offers a high level of engagement with suppliers as well as their technical integration, which will significantly advance supplier management.

A step-by-step procedure is planned for the software implementation, in which TKE will initially focus on sourcing, contracting and supplier management. The decisive factor for the latter is, in particular, the changing legal framework, for example the due diligence obligations within the terms of Germany’s new Supply Chain Act. It will also enable the company to improve the tracking of its suppliers’ sustainability-related efforts. Furthermore, TK Elevator will introduce JAGGAER’s eProcurement solution right from the start, thereby replacing complicated and expensive old systems. Because the module offers a one-stop-shop for the end user, the buyer can follow the entire end-to-end process, from the request through order placement to the delivery of the article, on the JAGGAER ONE platform.

In a second step, TKE plans to introduce the JAGGAER network at selected locations in order to benefit from direct networking. The focus in this respect will be on Europe and North America.

 


 

About TK Elevator (formerly: thyssenkrupp Elevator)

With customers in over 100 countries served by more than 50,000 employees, TK Elevator achieved sales of around €8 billion in the fiscal year 2020/2021. Over 1,000 locations around the world provide an extensive network that guarantees closeness to customers. Over the past decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent since its separation from thyssenkrupp AG in August 2020. The company’s most important business line is the service business represented by over 24,000 service technicians. The product portfolio covers commodity elevators for residential and commercial buildings to cutting-edge, highly customized solutions for state-of-the-art skyscrapers. In addition, it also consists of escalators and moving walks, passenger boarding bridges, stair and platform lifts. Integrated cloud-based service solutions, such as the MAX platform, are gaining in importance. With these digital offerings, there are no limits to urban mobility anymore. TKE – move beyond.

 

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.

 

Contact
Abigail Holmes
Corporate Ink for JAGGAER
jaggaer.corporateink.com
+1 617.969.9192

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