RESEARCH TRIANGLE PARK, N.C., July 31, 2018 (GLOBE NEWSWIRE) — JAGGAER, the world’s largest independent spend management company, is implementing a full Source-to-Pay (S2P) suite for Florida International University (FIU). The top-tier research institution will integrate its current JAGGAER eProcurement solution with new accounts payable, sourcing, spend analysis, and contract lifecycle management solutions in order to automate and digitalize business processes. FIU’s main objectives are to move to electronic payments, reducing the number of checks being issued, and to maximize savings with ROI tracking, expanded to include sourcing.
Using JAGGAER’s eProcurement solution, FIU currently dispatches 50% of its POs through the marketplace, and has reduced turnaround time from five days to one day. The ROI has delivered benefits beyond their initial expenses from implementing JAGGAER, and in its past fiscal year, FIU has tracked $331,740 in cost reduction, $288,180 in cost avoidance, and $157,440 in value-added savings.
“The success we’ve experienced with JAGGAER’s eProcurement solution over the past two years has allowed us to begin planning a departmental reorganization from transactional to strategic category teams,” said Kelly Loll, Director of Procurement Services for FIU. “Following a thorough needs assessment for the next two years, we interviewed several universities who’ve successfully made the transition to full S2P suite with JAGGAER. We then put together a project plan and are working closely with the JAGGAER team to gradually roll out implementation of the new solutions over the next two years. Through successful implementation, JAGGAER will help us achieve our goal as best-in-class in S2P technology and functionality,” she adds.
“As the leading S2P provider for higher education, JAGGAER customers report an immediate ROI with full solution payback in under 12 months. Our experienced supplier enablement team and turnkey services ensure JAGGAER solutions operate cohesively with customers’ preferred workflow configurations for seamless integration,” said Robert Bonavito, CEO of JAGGAER.
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 2000 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 Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, 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
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