RESEARCH TRIANGLE PARK, N.C., March 20, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, has been recognized as a Leader in the IDC MarketScape Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2018 Vendor Assessment1.
JAGGAER was one of 11 SaaS and cloud-enabled procure-to-pay software vendors the IDC MarketScape assessed on workflow capabilities, customer request forms, catalogue management, and multiple levels of routing and approval processes. JAGGAER’s indirect and direct solutions were vetted against needs from the higher education, manufacturing, public sector and healthcare markets on a global basis.
Procurement technology is evolving as we enter a progressively digital economy, redirecting the focus of enterprises away from their legacy procurement systems and towards SaaS and cloud-enabled software. This push toward digital transformation is allowing businesses to become more strategic and competitive. Through process automation, powerful advanced analytics, and intelligent workflows, businesses are recognizing the value in the innovative capabilities that new digital tools can deliver to promote speed and scale in the competitive global market. This recognition validates JAGGAER’s leadership of digital transformation and substantiates JAGGAER’s plans for future innovation.
“We’re honored to be named a Leader in the IDC MarketScape report for the proficiency of our procure-to-pay technology and for our capability to empower the digital transformation of the procurement processes for our customers,” said Robert Bonavito, CEO of JAGGAER.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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
1IDC, IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2018 Vendor Assessment, (Doc #US43263818, March 2018)
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