JAGGAER Named a Leader in IDC MarketScape Worldwide SaaS and Cloud-Enabled Direct Spend 2024 Vendor Assessment

Driving Procurement Efficiency and Strategic Success in Direct Materials Sourcing and Supply Chain Management

RESEARCH TRIANGLE, N.C.--(BUSINESS WIRE)--JAGGAER, a global leader in enterprise procurement and supplier collaboration, has been positioned in the Leaders category of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Direct Spend 2024 Vendor Assessment (doc # US52734424, December 2024).

The IDC MarketScape evaluated Direct Spend vendors for the strengths and challenges providing decision makers responsible for purchasing direct sourcing solutions with clear, actionable insight.

With its enterprise platform for both direct and indirect spend, JAGGAER offers solutions to streamline and optimize spend analytics, category management, supplier management, sourcing, contract life-cycle management, procurement, invoice automation, inventory, and payment.

The report in fact states that: “Entities should consider JAGGAER when they are in need of an application that is designed to optimize large, complex direct sourcing activity across a variety of industries, which also offers an integrated full procurement suite that provides strong data analytics, infused with intelligent decision support.”

In addition to this, the IDC MarketScape highlights the following as a key strength: “BOM Management provides significant business value, and the introduction of BOM Costing, infused with automation and AI, provides an intuitive integration to direct spend management.”

Andy Hovancik, CEO at JAGGAER comments: “For 30 years now we have been supporting clients across the entire sourcing and procurement process, integrating the latest technologies, embedding intelligence into the JAGGAER One platform, and empowering customers with impactful decision making to accelerate business outcomes. We believe being named a Leader in the direct spend category by the IDC MarketScape is an important achievement for JAGGAER as it confirms our commitment to growth and innovation.”

“As sourcing becomes increasingly strategically important for businesses wanting to grow sustainably, the SaaS and cloud-enabled Direct Spend market has become highly dynamic. JAGGAER’s offering covers an integrated full procurement suite that provides strong data analytics to help make those strategic business decisions, while optimizing large, complex direct sourcing activity for companies across a range of industries,” said Patrick Reymann, Research Director, Procurement and Enterprise Apps, IDC.

About JAGGAER:
JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce.

For more information, visit www.jaggaer.com

About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.