You are here:Home/Blog/Company News/ConnXus Automated Data Enrichment Integrates with JAGGAER Direct Procurement...
ConnXus Automated Data Enrichment Integrates with JAGGAER Direct Procurement Software, Developing Corporate Supplier Diversity Programs
A new partnership combines SmartScrub® diverse, international vendor data enrichment into leading global purchasing platform.
MASON, Ohio, June 7, 2017 /PRNewswire/ — Historically, purchasing management tools and vendor data validation are housed within separate software platforms. ConnXus and JAGGAER today announced their partnership which will integrate SmartScrub data validation within JAGGAER’s procurement platform.
A 2016 Procurement Executive Insight report by The Hackett Group demonstrates that supplier diversity programs bring great potential for increased market share and other benefits. And the quality of work is not compromised as this same study found that “99% of all diverse suppliers meet or exceed buyers’ expectations.”
SmartScrub provides procurement managers with a base understanding of their diverse supplier count by validating supplier classifications and aggregating diversity business certifications. Known for simplifying supplier management and supplier diversity programs, ConnXus holds the industry-leading data enrichment turnaround time of three to seven business days.
JAGGAER is an end-to-end procurement platform with distinguished capabilities that include procurement project management, inventory, logistics and quality management. Their strategic partnership with ConnXus will fill their diverse and international data validation gap.
“Efficient data management is at the top of procurement professionals’ minds,” states Daryl Hammett, ConnXus chief operations officer and co-owner. “Not only does SmartScrub streamline data efficiency, but it allows for managers and decision-makers to instill goals for supplier innovation and competitive advantages. We are excited to be working with JAGGAER and to be integrating SmartScrub into their cognitive procurement solutions.”
“Procurement leaders may be responsible for managing thousands of suppliers on several fronts, including financial stability, adherence to regulations, and supplier diversity,” states JAGGAER chief commercial officer, Roger Blumberg. “Failing to meet any of these standards can pose a massive risk to a company, and JAGGAER is thrilled to be partnering with ConnXus and integrating SmartScrub data validation to provide procurement managers with a comprehensive view of their diverse suppliers.”
Both companies exhibited at the Institute for Supply Management (ISM) 2017 Conference in Orlando last month, and each were recognized on Spend Matters 50/50 Lists for 2017. “ConnXus is making innovative strides in the procurement technology space which can be seen in our new Risk Scorecard, a supplier financial risk assessment,” explains Shweta Vaidya, ConnXus research and development manager. “It makes great business sense to partner with JAGGAER, a prominent leader in the industry.”
This partnership will enhance JAGGAER’s national and international clients’ supplier management and supplier diversity programs in an all-in-one solution.
ConnXus supplier management solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. ConnXus is a CPUC-certified business enterprise based in Mason, Ohio with local, regional and international capabilities. For additional information about ConnXus and their growing suite of supplier management solutions, visit the company’s website at www.connxus.com, and to register your company on the ConnXus platform, visit https://mysuppliernetwork.com/user/signup.
JAGGAER is the world’s largest independent spend management company, with nearly 1,900 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.