United States Worlds Tender

JAGGAER the worlds largest independent spend management company announces that 2 of the 5 biggest insurance companies on the Forbes Global 2000 list and 6 of the 10 main Italian banks use JAGGAERs digital transformation technology for spend management.More than 70 companies in the bank and insurance industry rely on JAGGAERs Source-To-Pay solutions including Bank Muscat Emirates NBD Group EVO Banco Abanca Banco Sabadell Intesa Sanpaolo Cassa depositi e prestiti Mediobanca Banca dItalia Helvetia Italia Assicurazioni Gruppo Montepaschi Cariparma Crdit Agricole and Banco BPM. Additionally JAGGAER has partnered with Mastercard on the recently launched Mastercard TrackTM Platform a new trade platform designed to streamline and enhance global commercial business interactions.In addition to functionalities designed for the specific needs of the finance sector JAGGAER solutions offer maximum IT security through 6 integrated ISO certifications. The JAGGAER platform totally covers the needs of our Group. We have achieved excellent results in a very short time says Paolo Favalli Responsabile Acquisti ICT Consorzio Operativo Gruppo Montepaschi. On the security front JAGGAERs ISO certifications ecosystem that supports the platform exceeded our expectations adds Favalli.JAGGAERs vertical spend management solutions are trusted by bank and insurance companies because of industry specific functions and featuresTracked and rigorous procurement processes that help banks and insurance institutions to overcome the frequent audits and control procedures required by national and international supervisory bodies.Strongly guided purchasing processes for fully-coordinated procurement management at company level. This is particularly important because banks and insurance companies have multiple locations and complex authorization processes due to the rigid regulations in the finance segment.Flexible platform configuration that makes it easier to align processes to the customers needs.Functionalities to manage suppliers qualification and segmentation on many different parameters including performance risk and strategic role. This tracking helps companies to conform to the EBA European banking Authority regulations on outsourcing processes management.Easy integration with infoproviders data bases for an effective collection of information on suppliers from certified sources.Easy and fast extension of the solution to new branches or divisions in a sector segment characterized by frequent mergers and acquisitions.Working with so many premier financial intuitions and insurance companies has enabled JAGGAER to develop specific solutions for their complex needs. Our solutions are designed with the security regulatory compliance and flexibility this important industry requires says Robert Bonavito CEO JAGGAER.