JAGGAER and Velocity Procurement Partner to Provide Source to Pay Digital Transformation Solutions
- Press Release
RESEARCH TRIANGLE PARK, NC – October 3, 2018 – JAGGAER, the world’s largest independent spend management company, today announces a partnership with Velocity Procurement, a best-in-class procurement consultancy and technology services provider, to deliver fully integrated, transformative procurement automation and spend management optimization solutions. Both JAGGAER and Velocity Procurement have delivered solutions for a wide variety of crossover industries including transportation, healthcare, manufacturing, consumer packaged goods, and retail, among others.
JAGGAER and Velocity Procurement will be focusing their efforts on mid-market and larger companies, specifically in the North American market. Velocity Procurement will be providing managed services for procurement and sourcing support and a new, “on-demand procurement” service that represents a streamlined decision-making and startup approach to purchasing procurement services. These integration services will complement JAGGAER’s highly rated source-to-pay solutions suite, in use by some of the largest brands in the world.
“Velocity Procurement has experienced great success in deploying procurement automation and spend management optimization, utilizing JAGGAER’ industry-leading Source to Pay solutions. Our clients benefit from their powerful, easily integrated technology and we look forward to continuing to raise the bar on digital transformation, for some of the top brands in the world,” says T. Grant Dearborn, Managing Partner at Velocity Procurement.
JAGGAER’s industry-leading solutions include Spend Analytics, eProcurement, Accounts Payable, Inventory Control, Sourcing, Contract Lifecycle Management and Supplier Management, powered by a dedicated network of 3.7 million suppliers. Gartner, Inc. has positioned JAGGEAR (Advantage) highest for ability to execute as a Leader in its 2018 “Magic Quadrant for Strategic Sourcing Application Suites.” * Earlier this year JAGGAER was named as a Leader in Gartner, Inc’s 2018 “Magic Quadrant for Procure-to-Pay Suites.”**
*Gartner, “Magic Quadrant for Strategic Sourcing Suites”, Magnus Bergfors, Patrick M Connaughton, Desere Edwards, William McNeill, Kaitlynn N. Sommers, 1 August 2018
**Gartner, “Magic Quadrant for Procure-to-Pay Suites”, authored by Desere Edwards, William McNeill, Magnus Bergfors, Patrick Connaughton, Kaitlynn Sommers, published 29 May 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 2000 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 Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations.
About Velocity Procurement:
Velocity Procurement provides Procurement Consulting &Managed Services to help customers better manage their procurement operations and increase strategic influence. Since 2007, Velocity Procurement has been known for its ability to quickly acclimate and become highly vested in their customers’ success through deep collaboration and partnership. www.velocityprocurement.com