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.
Our customers are looking for a clear value-add and technology plays a fundamental role, first in creating value for them, and then demonstrating that we are delivering value. Without the right technology, this is less visible.
David McBride
Transformation & Strategy Director JLL
Success Stories
DATASHEET
JAGGAER Value Tracker Datasheet
Demonstrate the value that Procurement brings to the table
Optimize Procurement Value Management
Improve accuracy of declared saving values by referencing them to the associated sourcing project.
Associate suppliers to initiatives and even allocate all/part of the values to specific supplier(s).Evaluate actual savings per supplier category.
Associate value tracker initiatives to category strategies to understand the value and savings being generated by the strategy.
JAGGAER One
JAGGAER One is a fully integrated suite covering the full source-to-pay spectrum with powerful tools for managing all direct and indirect categories.
JAGGAER software gives your team the tools to control costs and grow revenue. Our AI-powered spend analysis solution turns data into actionable insight for value-adding impact across all spend categories.
Create, track, and iterate on your digital procurement category strategies. Deliver cost-savings and continuous improvement, powered by unrivalled category intelligence.
Harness JAGGAER software to discover new commercial opportunities within supplier management – and manage risk based on Al predictions to increase value across your supply chain.
JAGGAER software empowers smarter spending with the most complete source-to-pay solution. Optimize expenses – direct and indirect – and gain actionable insights to deliver exceptional value and greater sustainability.
JAGGAER software harnesses Al-powered automation to deliver deeper visibility and execute contracts faster, with increased compliance and reduced risk.
JAGGAER software empowers procurement to cut costs and add value. Enhance compliance and optimize spend control through our user friendly, comprehensive, and intelligent procurement solution. Enjoy the benefits of a simplified procurement experience that enables frictionless commerce in a vast supplier network.
JAGGAER software improves supplier collaboration for optimized performance in logistics, quality control, sustainability, and resilience – and gives you the real-time tools to enable supplier continuity in times of disruption.
JAGGAER software brings the benefits of full automation of global Accounts Payable processes, while ensuring compliance with regional and country-specific regulations.
JAGGAER’s networked, intelligent and extensible platform provides end-to-end global AP automation to increase efficiency and reduce overhead costs. With JAGGAER Pay, every AP task managed in a single solution, eliminating the need to bounce between ERP’s and multiple-point solutions.
Optimize business performance and uncover new opportunities, through powerful procurement analytics and embedded intelligence software.
Gain competitive advantage by empowering better decision making and higher utilization. JAGGAER software combines embedded intelligence and innovative technologies to deliver strategic insights and value-adding automation.
Related Resources
Discover the Secrets to Building Resilient Supply Chains
Gartner Research Index: Top 10 Material Issues for Sustainability and ESG
JAGGAER ESG Impact Report 2023
JAGGAER One Sourcing for Direct Materials
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