ConnXus Automated Data Enrichment Integrates with JAGGAER Direct Procurement Software, Developing Corporate Supplier Diversity Programs
A new partnership combines SmartScrub® diverse, international vendor data enrichment into leading global purchasing platform
RESEARCH TRIANGLE PARK, N.C., June 15, 2017 - ConnXus and JAGGAER Direct (formerly POOL4TOOL), today announced a partnership that integrates ConnXus's SmartScrub data validation within JAGGAER Direct’s procurement platform. Historically, purchasing management tools and vendor data validation are housed within separate software platforms. JAGGAER Direct is an end-to-end procurement platform that features procurement project management, inventory, supply chain and quality management.
SmartScrub provides procurement managers with a base understanding of their diverse supplier count by validating supplier classifications and aggregating diversity business certifications. A 2016 Procurement Executive Insight report by The Hackett Group indicated that supplier diversity programs potentially increase market share and that “99% of all diverse suppliers meet or exceed buyers’ expectations.” Known for simplifying supplier management and supplier diversity programs, ConnXus holds the industry-leading data enrichment turnaround time of three to seven business days.
“Efficient data management is at the top of procurement professionals’ minds,” says Daryl Hammett, Chief Operations officer and co-owner of ConnXus. “Not only does SmartScrub streamline data efficiency, it allows for managers and decision-makers to instill goals for supplier innovation and competitive advantages. We are excited to be working with JAGGAER Direct and to be integrating SmartScrub into their cognitive procurement solutions.”
“Procurement leaders can be responsible for managing thousands of suppliers on several fronts, including financial stability, adherence to regulations, and supplier diversity. Failing to meet any of these standards can pose a massive risk to a company. JAGGAER Direct is thrilled to be partnering with ConnXus, and integrating SmartScrub data validation, to provide procurement managers with a comprehensive view of their diverse suppliers,” says Rob Bonavito, CEO, JAGGAER.A 2016 Procurement Executive Insight report by The Hackett Group demonstrates that supplier diversity programs bring great potential for increased marketshare and other benefits. And the quality of work is not compromised as this same study found that “99% of all diverse suppliers meet or exceed buyers’ expectations.”
About JAGGAER Direct: JAGGAER Direct, formerly POOL4TOOL AG, is the global market leader for electronic process optimization in direct material procurement, with over 300 clients and locations in the EU, North America and Asia. JAGGAER Direct is the only worldwide All-in-One Supply Collaboration Platform that brings together all process from product development through strategic procurement (sourcing), supplier management (SRM), indirect procurement (procurement), Supply Chain Management (SCM) up to Quality Management in one workflow-based solution. JAGGAER Direct offers best practices from successful projects with global market leaders from the automotive, engineering and equipment construction, serial production and medical technology branches, as well as a unique supplier network with over 500,000 connected companies. www.pool4tool.com
About ConnXus: ConnXus supplier management solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. ConnXus is a NMSDC and CPUC-certified minority-owned business enterprise based in Mason, Ohio with local, regional and international capabilities. For additional information about ConnXus and their growing suite of supplier management solutions, visit the company’s website at www.connxus.com, and to register your company on the ConnXus platform, visit mysuppliernetwork.com/user/signup.