Jaggaer to provide source-to-pay solutions for Florida university

Wednesday 1 August 2018 10:11 CET | News

US-based spend management company Jaggaer has announced it is implementing a source-to-pay suite for Florida International University.

The research institution will integrate its current Jaggaer e-procurement solution with new accounts payable, sourcing, spend analysis, and contract lifecycle management solutions in order to automate and digitalise business processes. Florida International University’s main objectives are to move to electronic payments, reducing the number of checks being issued, and to maximise savings with ROI tracking, expanded to include sourcing.

Using Jaggaer’s e-procurement solution, Florida International University 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, Florida International University has tracked USD 331,740 in cost reduction, USD 288,180 in cost avoidance, and USD 157,440 in value-added savings.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Jaggaer, US, Florida International University, source-to-pay, e-procurement, accounts payable, sourcing, spend analysis, contract lifecycle management
Countries: World