VIENNA, Austria and RESEARCH TRIANGLE PARK, N.C., March 12, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, has expanded its partnership with Kloepfel iProcurement, part of Kloepfel Group, to amplify both the data analysis capabilities of the JAGGAER Direct strategic sourcing solution, and the data collection process of the iProcurement tool. Holistic digitalization consultants and solutions provider Kloepfel Group operates across 13 global locations, offering technology, coaching, and seminars to support the procurement function. By incorporating iProcurement’s artificial intelligence technology for generating cost-reduction recommendations, JAGGAER’s Direct strategic sourcing platform will enable customers to make better decisions faster while saving more on costs and resources.

“With iProcurement, we’re giving our customers a user-friendly tool that can be implemented quickly and presents consolidated figures. By adding external data with the help of the JAGGAER solution, customers can gain enhanced and more valuable insights from their own data,” said Christopher Messina, CEO at Kloepfel iProcurement.

Both companies have made it a priority to learn from each other and work together to meet their customer’s requirements. The combined technology is easy to use and can easily be connected to customer’s systems, ensuring quick set up and immediate functionality. With this partnership, every JAGGAER Direct customer will receive a free iProcurement license for data analysis. JAGGAER customers can also purchase iProcurement licenses directly from JAGGAER. Companies that are already working with the JAGGAER Direct strategic sourcing solution will be able to benefit from the reporting and forecasting models generated by the innovative and intelligent algorithm-based iProcurement tool. Both the JAGGAER solution and Kloepfel iProcurement can be expanded with additional modules, offering companies a flexible solution for structuring transparent purchasing negotiations, achieving better supplier conditions, and monitoring savings potential at the supplier and item level in real-time.

“The JAGGAER Direct strategic sourcing platform eliminates the manual aspects of the sourcing process and delivers a 360° view of transparent price and non-price information. In combination with Kloepfel iProcurement, customers can leverage the new AI technology for enhanced data analysis to make the best strategic decisions,” said Robert Bonavito, CEO at JAGGAER.

About Kloepfel iProcurement
As part of the international Kloepfel Group, Kloepfel iProcurement digitalizes the entire chain of procurement processes with practical and intuitive standardized solutions. As holistic digitalization consultants and solution providers, they also offer technology, coaching, and seminars to support the procurement function. Kloepfel iProcurement sees its relationship with customers as a partnership where both sides work together to create new digital ways forward. With their core competencies in business analytics and business intelligence, they work with you to structure optimal procurement processes.  As part of this process, they create innovative procurement and controlling solutions that will guide your digital transformation and increase efficiency and transparency in your organization.

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.

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