RESEARCH TRIANGLE PARK, NC – July 18, 2019 – JAGGAER, the world’s largest independent spend management company, is partnering with JP Morgan (NYSE: JPM) to deliver a Single-Use Accounts SM (SUA) virtual commercial card that is fully integrated with the JAGGAER ONE spend management platform, to streamline purchasing processes, reduce costs and increase purchasing oversight for business users. The partnership is expected to be available to clients in Q4 2019, when the JP Morgan SUA is integrated into the JAGGAER ONE platform.
“JAGGAER was the obvious partner to bring this important service to our shared customer base, with their deep experience in education and public sector and their penetration into multiple commercial industries, ” said John Skinner head of Commercial Card at JP Morgan. “Together we will be providing a new level of automation and control, helping manage everything from tail spend to recurring PO’s,” he adds.
The JAGGAER ONE JP Morgan solution will deliver many benefits to mutual customers, while helping to optimize the buyer and supplier experience through:
- Integration with JAGGAER’s eProcurement module streamlined reconciliation process
- Enhanced security and control
- Ability to capture working capital and rebate benefit
The streamlined SUA workflows and increased visibility through a single view of all payables activities reduce resources and time spent on check-cutting and reconciliation, helping meet an organization’s working capital needs and payables strategy goals.
JP Morgan provides options for single-use and multi-use commercial card products, enabling complete flexibility for the particular needs of an organization. Collectively JAGGAER and JP Morgan will deliver on the promise of simplifying procurement through providing comprehensive solutions in a flexible and easily utilized manner.