JAGGAER Release Upgrades AI Capabilities

The latest JAGGAER software program launch affords new synthetic intelligence (AI)-based methods of measuring threat and optimizing the buying course of, a press release says.

The JAGGAER ONE 20.3 software program suite affords a streamlined eProcurement mannequin and invoicing service, so individuals can simply seek for and discover, then requisition, the providers and items they want, the press launch says.

In the meantime, the Provider Administration+ module within the new launch “simplifies and streamlines” the provider qualification and onboarding processes, with the common and class assessments mixed. Customers will be capable of assign a single evaluation standing for suppliers, which is able to let suppliers replace it at any time. As well as, that service additionally lets customers delete duplicate or redundant suppliers, or those that have been “onboarded by mistake,” with usually simpler rationalization of the provider base.

Additionally, the discharge will provide the Clever Award Navigator (IAN), which the press launch says is an extension of JAGGAER’s Supply Optimizer, and which is able to assist with evaluation in sourcing of classes like transportation, MRO, facility providers, packaging and warehousing. It can give the consumer a collection of selections meant to hone in on their particular person preferences, with every use serving to the AI system to raised be taught their preferences.

And there’s a new threat evaluation add on that may provide a brand new AI-based evaluation to extra simply decide the extent of threat, the press launch says.

Todd Boehler, vp of product technique at ProcessUnity, talking with PYMNTS lately, mentioned the third-party threat evaluation is a fragile stability through which an organization must take cybersecurity threats under consideration, notably after everybody shifted to working from residence.

Jim Bureau, CEO of JAGGAER, mentioned the brand new capabilities “quantity to additional progress on the journey towards the automation of routine procurement processes, along with the addition of latest layers of intelligence that allow procurement professionals to play a extra strategic function of their organizations,” in accordance with the press launch.