RESEARCH TRIANGLE PARK, N.C. and VIENNA, Austria and HERBORN, Germany, Jan. 16, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, today announced the successful completion of a global digitalization project with Rittal, the world’s leading systems provider for enclosures, power distribution, climate control, and IT infrastructure. With JAGGAER’s Source-to-Pay (S2P) solutions suite, Rittal now has a central database containing all of its global supplier information that its subsidiaries can easily access from anywhere in the world.
“The comprehensive product portfolio and full ERP integration of JAGGAER’s mature S2P solutions were key factors behind our decision to work with JAGGAER,” said Ingo Schmidt, Business Process Management / S&P at Rittal GmbH & Co. KG. “The suite has helped our team make all of Rittal’s procurement processes more transparent and has improved the quality of these processes. In addition to gaining a complete overview of all of our requests, we now have full transparency into the management of our global suppliers.”
A world market leader with 13 manufacturing locations and 58 subsidiaries, Rittal first began working with JAGGAER’s comprehensive S2P indirect and direct procurement solutions four years ago. In addition to making global procurement processes more transparent, Rittal has digitalized and automated its administrative tasks. Rittal has achieved its highest ROI to date by automating the purchase order process, and has allocated the time saved to more strategic tasks. Today, Rittal processes 80% of its orders through JAGGAER’s digital platform, and has processed over 20,000 requests.
About Rittal:
Rittal, headquartered in Herborn, Germany, is a leading global provider of solutions for industrial enclosures, power distribution, climate control and IT infrastructure, as well as software and services. Systems made by Rittal can be found in more than 90 percent of all global branches of industry, including mechanical and plant engineering, food and beverage production and in IT and telecommunications. The wide range of products from the global market leader includes configurable enclosures, whose data is available throughout the entire production process. Intelligent Rittal cooling solutions with up to 75 percent lower energy and CO2 consumption can communicate with the production environment and enable predictive maintenance and service concepts. Innovative IT solutions ranging from IT racks and modular data centres through to edge and hyperscale computing solutions all form part of the portfolio. Leading software providers EPLAN and Cideon complement the value chain, providing interdisciplinary engineering solutions, while Rittal Automation Systems offer automation systems for switchgear construction. Founded in Herborn in 1961, Rittal is the largest member company in the owner-operated Friedhelm Loh Group. The Friedhelm Loh Group operates worldwide with 18 production sites and 80 international subsidiaries. The entire group employs more than 11,300 people and generated revenues of around €2.2 billion in 2016. In 2017, it was named one of Germany's leading employers by the Top Employers Institute, for the ninth year running. Within the scope of a Germany-wide survey, Focus Money magazine identified the Friedhelm Loh Group as one of the nation’s best providers of vocational training for the second time in 2017.
ABOUT JAGGAER: GLOBAL INDIRECT AND DIRECT SPEND MANAGEMENT SOLUTIONS
JAGGAER is the world’s largest independent spend management company, with over 1,850 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS based indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com.
To join the conversation, please visit our blog at www.JAGGAER.com/blog/ or follow us on Twitter @JAGGAERPro.
MEDIA CONTACT: news@JAGGAER.com | 919-659-NEWS