“Turnover time between contract discussion and contract signing has been significantly reduced. Having once taken weeks, it’s now five days.”
"With JAGGAER we have been able to raise the efficiency and transparency of our global procurement organization to a whole new level."
“But it is heading in the right direction. We have basically taken the JAGGAER system and heavily customised it to make it more suitable for Westminster, the Tri-Borough and beyond. Working closely with JAGGAER we have managed to design and brand it with our logos, for example the London landmarks were incorporated to make it look and feel like a solution for the capital. It was a real collaboration – together we made it fit for purpose.”
“But we know that this will change. Interest rates will return to normal levels so we must keep a tight grip on costs. However, that’s not our real focus, which is to co-create new value with suppliers, innovating and transforming the business so that we can serve customers with the new generation of banking."
“We’ve eliminated the inefficiencies of manual effort. Plus, procurement and buyers don’t have to go into the ERP system to look for information. Everything is here, on one platform. That’s the key benefit of JAGGAER."
“Within procurement automation is now really focusing on supplier qualification. We need to check through several things, such as financials. Some of this is automated through third-party data feeds, some of the data goes directly to engineering teams. In procurement we aggregate this into one central repository for analysis or setting automatic evaluation criteria for how people in the business procure goods and services, I really want to give them the best and easiest buying experience possible.”