JAGGAER Partners with J.P. Morgan to Provide Powerful Purchasing Oversight for Education, Public Sector and Commercial Indust...
July 18 2019 - 6:00AM
JAGGAER, the world’s largest independent spend management company,
is partnering with J.P. Morgan (NYSE: JPM) to deliver a Single-Use
AccountsSM (SUA) virtual commercial card that is fully integrated
with the JAGGAER ONE spend management platform, to streamline
purchasing processes, reduce costs and increase purchasing
oversight for business users. The partnership is expected to be
available to clients in Q4 2019, when the J.P. Morgan SUA is
integrated into the JAGGAER ONE platform.
“JAGGAER was the obvious partner to bring this important service
to our shared customer base, with their deep experience in
education and public sector and their penetration into multiple
commercial industries,” said John Skinner head of Commercial Card
at J.P. Morgan. “Together we will be providing a new level of
automation and control, helping manage everything from tail spend
to recurring PO’s,” he adds.
The JAGGAER ONE J.P. Morgan solution will deliver many benefits
to mutual customers, while helping to optimize the buyer and
supplier experience through:
- Integration with JAGGAER’s eProcurement module streamlined
reconciliation process
- Enhanced security and control
- Ability to capture working capital and rebate benefit
The streamlined SUA workflows and increased visibility through a
single view of all payables activities reduce resources and time
spent on check-cutting and reconciliation, helping meet an
organization’s working capital needs and payables strategy
goals.
J.P. Morgan provides options for single-use and multi-use
commercial card products, enabling complete flexibility for the
particular needs of an organization. Collectively JAGGAER and J.P.
Morgan will deliver on the promise of simplifying procurement
through providing comprehensive solutions in a flexible and easily
utilized manner.
JAGGAER is the world’s largest independent spend management
company, with over 2000 customers connected to a network of 4
million suppliers in 70 countries, served by offices located
in the Americas, APAC, Asia and EMEA. 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 all on a single platform, JAGGAER ONE. JAGGAER
has pioneered spend solutions for over two decades and continues to
lead the innovation curve by listening to customers
and stakeholders in all industry sectors, public services and
academia. Additionally, JAGGAER holds 37 patents–more than any
other spend management company.
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MEDIA CONTACT: Steve Lundin
Stevenjlundin@bigfrontier.com 312-602-2434
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