JAGGAER Savings Management

Track and manage financial value delivered by Procurement initiatives

Get a comprehensive overview of your savings and value-creation pipeline.

Procurement has undergone a transformation over recent years, evolving to focus on more holistic, value-generation in addition to bottom-line cost management. Successful procurement functions support business stakeholders in achieving their top-line objectives through supplier innovation and category management.

To perform this role effectively, procurement teams must change the way they operate and measure performance – building credibility amongst stakeholders and becoming trusted business advisors. This increases the capacity to influence and drive greater value outcomes.

Traditional cost reduction objectives remain important, but today there is a need to align and build credibility with finance to deliver the results demanded by the business.

Unparalleled Oversight

Gain clear oversight of your procurement efforts’ financial outcomes, such as cutting costs, boosting efficiency, and increasing revenue. Track all savings and value back to your budget with powerful analytics so everyone from the CPO to data analysts can easily find the insights they need, thus ensuring accurate forecasts and effective management of your financial goals.

Improved Pipeline Management

Helps your procurement organizations to better manage their initiative pipelines by providing structure, facilitating prioritization, and offering visibility into the progress of projects. This ultimately leads to more efficient and effective procurement processes, driving greater savings and value creation for the organization.

Link savings and value initiatives to category strategies, projects, and sourcing events for effective tracking.

Increased Credibility

Enhance stakeholder confidence and credibility by providing built-in collaboration tools for finance, budget holders, and other stakeholders to review, approve, and validate initiative savings values before reporting. Improve accuracy and transparency through continuous collaboration, fostering cross-functional alignment.

Reduced Revenue Leakage

Monitor approved forecasts versus actual achievements period by period to detect and address deviations promptly. Prevent savings erosion by proactively identifying and addressing discrepancies between forecasts and actuals, ensuring timely intervention.