Jaggaer launches Autonomous Commerce to add AI power to the B2B buying experience

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The source-to-pay technology providerJaggaerunveiledits Autonomous Commerce capability, which is meant to help users of the Jaggaer ONE solution have a “self-governing B2B commerce experience between buyers, suppliers, things (IoT) and partners,” according to a news release.

“Supply chain disruptions, materials scarcity and the global talent shortage are forcing business leaders to rethink our traditional enterprise commerce model,” Jaggaer CEO Jim Bureau said in the release. “Enterprise buyers need more dependable sources of supply, greater selection and lower prices. Enterprise suppliers need a continuous stream of smart-match recommendations aligning their capabilities with specific buyer needs in order to grow their revenues and expand their businesses. The Autonomous Commerce revolution, akin to the consumer commerce revolution that came before it, is delivering these benefits to both enterprise buyers and suppliers.”

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Autonomous Commerce is part of Jaggaer’s Digital Mind strategy, which delivers capabilities across its platform using data analytics, artificial intelligence and machine learning.

Businesses have been looking for efficiency from digital transformation, and Jaggaer is addressing that need, said Jason Busch, CEO of Spend Matters, an analyst and data intelligence firm that focuses on a vast array of procurement technology vendors.

“For decades, procurement teams have been asked to do more with less. But in the pandemic era, the ‘asks’ have increased further, even as private and public sector organizations confront hiring and retention challenges at all levels of the org chart,” Busch said in the release. “The types of investment that Jaggaer is making in AI and machine learning through Digital Mind and its Autonomous Commerce initiatives bring the promise of helping procurement teams to become more efficient while also identifying and executing on new opportunities to drive savings, cost avoidance and spend impact.”

Jaggaer’s capabilities are ranked in Spend Matters乐动体育 , a snapshot of the technology capabilities in the market that relies on product demos, analyst scoring of RFIs on more than 65 vendors, and customer reviews of those vendors. Jaggaer’s suite is evaluated in SolutionMap for direct and indirect procurement needs. Also, Jaggaer is on our annual“50 Procurement Providers to Know”list, which is compiled by the full Spend Matters analyst team to represent the best of the commercial providers that serve enterprise-level procurement organizations.

Look for upcoming analyst reviews of Jaggaer’s suite from ourSpend Matters PROsubscription offering. Our past coverage includes:

• ESG vendor profiles of Coupa, GEP, Ivalua, Jaggaer, SAP Ariba: How S2P suite solutions address sustainability efforts[PRO]
• Jaggaer: New Year wishes for the procurement solutions and services marketplace 2022
• A partner-first strategy is the future of procurement at Jaggaer
• Q&A with new Jaggaer CEO: ‘Our vision and passion … it’s around the customer experience’
• Q&A with new Jaggaer CEO (Part 2): Merging its history and making a mark on the future
• After Basware, Justin Sadler-Smith joins Jaggaer to lead Northern European sales, talks innovation with Spend Matters

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