RESEARCH TRIANGLE PARK, N.C., June 06, 2019 (GLOBE NEWSWIRE) -- EdgeVerve Systems, a subsidiary of Infosys (INFY), announces a partnership with JAGGAER, the world’s largest independent spend management company. EdgeVerve will be developing innovative software products for JAGGAER customers in multiple industries including manufacturing, retail, logistics and higher education. EdgeVerve offers best-in-class Artificial Intelligence capabilities with Infosys Nia, and Intelligent Automation capabilities with AssistEdge. The solutions will be delivered to JAGGAER customers through the JAGGAER ONE spend management solution suite.
JAGGAER is the world’s largest independent spend management company, with over 2000 customers connected to a network of 4 million suppliers in 70 countries, served by offices located in the Americas, APAC, Asia and EMEA. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities all on a single platform: JAGGAER ONE. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia.
EdgeVerve’s AssistEdge is a natural enhancement of the JAGGAER ONE SaaS cloud-based platform, delivering technology to automate any repetitive and rule-based human processes. This includes the automation of “high touch” processes through modelling rules into software robots that run non-intrusively on JAGGAER ONE. Utilizing the same validation, same security and data protocols ensures that ‘change management’ within the organization is minimal. Additionally, EdgeVerve RPA can integrate with third party services to pass data between systems when no traditional application interface exists.
“Procurement organizations are in the midst of a digital revolution to boost efficiencies and drive down costs. This partnership would be transformative in nature with two industry leaders, JAGGAER and EdgeVerve, coming together to collaborate and maximizing business value for customers in the procurement space by leveraging Intelligent Automation and AI. Our partner program, “Synergy”, has been built on the foundation of collaborating to create mutual and customer value, and the partnership with JAGGAER is a testament to that philosophy,” says Atul Soneja, SVP & Global Head – Edge Products and Infosys Nia.
“EdgeVerve brings powerful processing to our platform with a solution that is already a leading product in the global RPA market. Where most providers are utilizing RPA in place of API to patch a broken and inefficient process, EdgeVerve delivers critical business functions such as massive document validation, which automates supplier management, accelerating manual processes through digital transformation. The Nia AI platform collaboration with the JAGGAER ONE platform delivers sophisticated and industry leading automation to resource intensive functions,” says Zia Zahiri, CTO of JAGGAER.
JAGGAER’s REV2019 happens October 1-3, 2019 at the Sheraton San Diego Hotel and Marina in San Diego, CA. REV2019’s central theme is “Educate – Innovate – Accelerate”, and is an expression of the company’s vision of enabling customers to achieve their business goals through effective application of tools designed to simplify procurement for any enterprise.
JAGGAER is the world’s largest independent spend management company, with over 2000 customers connected to a network of 4 million suppliers in 70 countries, served by offices located in the Americas, APAC, Asia and EMEA. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities all on a single platform, JAGGAER ONE. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia. Additionally, JAGGAER holds 37 patents–more than any other spend management company.
About EdgeVerve Systems Ltd.
EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, interactive commerce, distributive trade, customer service and enterprise buying and help them navigate their digital journey with our AI enabled Automation and Business Solutions.
At EdgeVerve, we are making constant strides towards transforming enterprises by providing AI enabled Business Applications, leveraging the Infosys Nia™ Platform with capabilities across the Automation continuum. Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing and telecom.
Finacle, our industry leading digital banking solution suite is the choice of financial institutions across 100 countries to service more than a billion consumers and 1.3 billion accounts.
To know more, visit www.edgeverve.com
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (INFY) can help your enterprise navigate your next.
Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
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