Jaggaer named leader in direct spend by IDC MarketScape

JAGGAER has been placed in the Leaders category of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Direct Spend 2024 Vendor Assessment, emphasising its position in enterprise procurement and supplier collaboration.

JAGGAER is a global specialist in enterprise procurement and supplier collaboration.

The evaluation by IDC MarketScape provides insights for decision-makers responsible for purchasing direct sourcing solutions, assessing the strengths and challenges of various vendors.

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 utilises 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. 

JAGGAER's enterprise platform caters to both direct and indirect spend, offering features to optimise spend analytics, category management, and supplier management, among others.

The IDC MarketScape report suggests: "Entities should consider JAGGAER when they are in need of an application that is designed to optimise 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."

The report further highlighted a significant strength of JAGGAER, noting: "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, Chief Executive Officer at JAGGAER, remarked: "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," he said.

Patrick Reymann, Research Director of Procurement and Enterprise Apps at IDC, commented: "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 optimising large, complex direct sourcing activity for companies across a range of industries."