JAGGAER Accelerates Autonomous Commerce Strategy with RFPIO Partnership
RESEARCH TRIANGLE PARK, North Carolina–(BUSINESS WIRE)–JAGGAERthe world leader in self-driving commerce, today announces a new strategic partnership with RFPIO, the leader in RFx software and response management platform. The alliance advances JAGGAER’s self-directed commerce strategy by automating the historically tedious and time-consuming vendor response process to RFPs.
JAGGAER enables procurement teams to make more informed and strategic purchasing decisions by recommending qualified suppliers to invite bids, what questions to include in the RFP, what criteria should be used to evaluate respondents and how to formulate the questions according to the product and the category. RFPIO now extends this by helping the supplier respond appropriately to tenders.
RFPIO improves supplier efficiency and response rate. The system continuously maintains and updates a library of pre-approved and compliant responses. Once an RFx is received, RFPIO uses machine learning (ML) and artificial intelligence (AI) to autonomously generate library-based responses. Responses can then be reviewed and finalized by users in a fraction of the time it would take to create manually. Once finalized, the RFP response can be easily submitted to the buyer.
In cases where solid content does not already exist in the vendor’s answer library, questions can be shared across the team and routed for approval and submission. Ultimately, the system helps vendors respond to tenders faster, collaborate with critical organizational resources to tailor responses to the potential customer, and win a higher percentage of bids, accelerating growth. revenues.
“The principle of self-directed commerce is to make life easier and more efficient for buyers and suppliers so they can focus on creating value for their organizations,” said JAGGAER CEO Jim Bureau. “By applying AI to the bidding process, we’re delivering a streamlined, fully digitized experience that dramatically reduces cycle time, unlocks new business opportunities by matching buyer needs with supplier capabilities, and accelerates the payback period for all parties. It’s a great example of how autonomous commerce is transforming the way companies approach business. »
“The typical end-to-end bidding process takes a lot of time and effort for organizations. We use automation with a human touch,” said RFPIO CEO Ganesh Shankar. “Suppliers benefit from more efficiency, structure and control. Shoppers get what they need with speed, quality and from a wider selection. These mutual benefits have been central to RFPIO’s vision from the beginning and JAGGAER’s self-sustaining commerce strategy aligns perfectly with our technology, purpose and experience.
Extensibility is the cornerstone of autonomous commerce. JAGGAER is committed to providing its network of suppliers, buyers and partners with easy plug-and-play access to cutting-edge solutions such as RFPIO.
Learn more about JAGGAER and its Autonomous Commerce strategy.
About JAGGAER: Autonomous Commerce
JAGGAER is leading the autonomous commerce revolution, an autonomous B2B commerce experience between buyers, suppliers, things (IoT) and partners. Each year, more than $500 billion worth of goods move smoothly through our enterprise commerce network. Leveraging AI and machine learning, our smart sourcing solutions provide enterprise buyers and suppliers with smart match recommendations that align buyer needs with supplier capabilities. Our solutions autonomously perform many of the repetitive behind-the-scenes tasks needed to facilitate enterprise commerce. We’re networked, smart, comprehensive and scalable. We have over 1,100 employees, all focused on the success of our customers. For more information, visit www.jaggaer.com
RFPIO is the market leader in response management software, trusted by some of the world’s smartest companies to support RFP and security questionnaire responses, create and manage sales proposals, and resolve inefficiencies rooted in decentralized and inaccessible content and knowledge. The software’s robust, two-way integrations, along with an open API, enable teams to digitally transform response management processes and harness the power of knowledge and content within their teams. RFPIO supports response management for growing organizations of all sizes, including Google, Adobe, Atlassian, Microsoft, Tenable, Zoom Video and others. For more information, visit rfpio.com or follow @rfpioinc on Twitter.