RESEARCH TRIANGLE PARK, N.C., June 19, 2018 (GLOBE NEWSWIRE) — JAGGAER, the world’s largest independent spend management company, today announces the enablement of a Procure-to-Pay (P2P) system for Houston’s Knowledge is Power Program (KIPP), America’s largest network of charter schools. KIPP’s Houston region is made up of 28 schools serving approximately 14,500 students.
Gartner, Inc. named JAGGAER a Leader in its 2018 “Magic Quadrant for Procure-to-Pay Suites.”*
JAGGAER, the recognized leader in higher education spend management solutions for over 20 years, met KIPP’s challenge to deliver multiple features and capabilities. These included enhanced data capture and forecasting, increase organizational efficiency by 5–10 X for the Accounts Payable staff, ability to take advantage of negotiated savings, integration with an existing accounting system, and single entry into the system with automatic data transfer.
JAGGAER converted a paper based, decentralized, disconnected and siloed system into a fully digital system, enabling visibility, control, and traceability along all stages of the P2P process. Important documents like centrally negotiated contracts, that weren’t readily available in the past, leading to issues like “off contract purchases,” are now accessible and associated with JAGGAER’s supplier network.
On selecting JAGGAER, Bradley Welter, Director of Capital Planning and Contract Management, stated that, “The cost of the system itself will be more than offset by the product cost savings we’ll see by pushing more spend through the contracts in the system.” Additionally, Welter cited JAGGAER’s supplier network and management as bringing a needed dimension to the equation, “All of our existing vendors were pre-populated into the new system. And the system also allows purchasers to request new suppliers that my team can then review and approve.”
A complete interview with Welter documenting his selection process and the anticipated results of installing JAGGAER’s P2P solution can be found here.
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,850 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 indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com
*Gartner, “Magic Quadrant for Procure-to-Pay Suites,” Desere Edwards, William McNeill, 29 May 2018.
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MEDIA CONTACT: Steve Lundin