JAGGAER for Financial Services Ensures Good Governance

Bank

Enjoy the most robust solutions in the market that support the highest levels of security and sensitivity for bankingfinancial services and insurance to meet the growing demands of procurement and supply chains.​

Savings Bank

Drive sustainable savings and maintain compliance with JAGGAER.

Banking, financial services and insurance (BFSI) companies require strict adherence to compliance standards. As the field gets more competitive and strategic in its procurement processes, it’s more important than ever to find new opportunities for savings and to de-risk procurement processes.​

70 +

banking, financial service and insurance companies manage their spend and procurement initiatives through JAGGAER.

$10 Billion +

spend managed on the JAGGAER ONE platform.

81,000 +

suppliers are enabled to help banking, financial service and insurance companies find cost-saving opportunities.

Why JAGGAER for Financial Services

Stay competitive and keep your firm safe from audit risks with a comprehensive source to pay platform.With JAGGAER’s BFSI software solutions, you can manage today’s challenges in the financial sector and prepare for tomorrow’s innovations.

Fully Integrated Suite
The number one end-to-end solution, our full S2P platform, JAGGAER ONE, allows you to keep all your S2P and SCE data in one system and leverage that information with augmented analytics that provide you deep predictive insights.
Supplier Relationship Management
Monitor and manage all supplier data, spend and performance in one centralized place. Automated supplier self-service processes ensure documentation, certification and compliance are transparent and up to date.
Contract Management
Put revisions, counterproposals and approvals in one place. Actively monitor obligations with built-in analytics, providing detailed insight into performance. We offer a tool that can scan your contracts and identify risky clauses and terms and is customized to meet your business requirements.
Sourcing
Support complex events with multiple evaluators, segmenting visibility and weighting participation. With automated processing and meaningful reports, spend your time analyzing your options to make the right selections.
eProcurement
Manage all your purchases in a single system where you have complete spend visibility and can improve purchasing compliance for increased savings. Analyze and share purchasing and compliance data with stakeholders via intuitive dashboards and make better decisions about your suppliers and categories.
Category Management
Control spend for major categories, such as IT hardware & security, facility, legal & advertising services, as well as contract staff. Use key category requirements to drive your overall strategy and focus on high value activities using established processes, techniques and project management tools.
Spend Analytics
Empower procurement without relying on IT by providing your team with embedded intelligence for analyzing, planning and recommending actions. Take advantage of new reports and metrics with repeatable processes to minimize non-compliant spend, consolidate suppliers and create business unit collaboration.
Invoicing
Eradicate time-consuming, expensive, error-prone processes with automation to speed up approvals and shorten payment cycles. Spend more time on strategic initiatives. Meet regulations with one central invoicing process containing up-to-date tax information and an audit trail. Be confident that you’re mitigating risk.​

BFSI firms are facing increased scrutiny and competition. Schedule a call to see how procurement can lead the way in modernizing your business. 

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