Cutting-edge technology supports the UAE’s Energy Strategy 2050 for a sustainable economy
Research Triangle, NC (GLOBE NEWSWIRE) - JAGGAER, the world’s largest independent spend management company, in conjunction with Tejari, a leading global procurement organization, announces that Masdar (Abu Dhabi Future Energy Company), a global leader in renewable energy, clean technologies and sustainable urban development, has implemented JAGGAER/Tejari’s sourcing and eProcurement system to facilitate an automated, efficient and paperless procurement and contracts system for the company.
One of Masdar’s core objectives is to support the UAE Energy Strategy 2050, which aims to increase clean energy 25 to 50 percent. Masdar recognized that a streamlined and efficient approach, powered by the right technology, is required at every level of its business, including Procurement & Contracts, and has been working closely with Tejari to digitally transform its processes since 2013.
Masdar required a system that could provide consolidation of operations, involving onsite and local support, that would allow its local and international users and vendors to contact technical support in their own language, thereby reducing paperwork. The solution should enable seamless control over bid opening via remote access, allowing bidders’ registration and e-tendering under one platform for document management.
The solution, utilizing JAGGAER technology, helps to track communications between bids, and enables Masdar to streamline and shorten its strategic sourcing processes as well as minimize errors through automation through the online system. This allows the information to be stored, exported and then further analyzed as per specific requirements.
“Introducing new systems and technology to make our operations more efficient, reliable and productive is a priority at Masdar, and an integral part of our commitment to being a global renewable energy leader and best in class organization. With JAGGAER/Tejari’s systems we have been able to save a lot of time with setting controls and templates and reducing the time we spend in preparation and publishing tenders. Ease of access means line managers can quickly check the status of a tender and the latest actions and communications, avoiding any misunderstanding – and this can be done remotely and quickly,” says Ahmed Baghoum, Executive Director for Human Capital and Services at Masdar.
Abdulla Ail Al Janahi, Chairman of the Board of Directors at Tejari added: “Together with Masdar, we have achieved great success in providing a unified and efficient process that allows excellent service through reliable technology. We are committed to supporting Masdar to support the economy and reach its full potential of sustainable development following international standards of best practices.”
About JAGGAER: Global Source to Pay Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 2000 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 Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analysing the market. Our solution suites are trusted by the world’s largest manufacturing, education, 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
Tejari operates as an integral part of the JAGGAER company with an exclusive focus on the Middle East and North Africa. Its growing team composed of more than 75 professionals across Dubai and Abu Dhabi provide effective support to a rising portfolio of local clients as well as multi-national organizations operating in the region. Tejari provides a market leading global strategic procurement platform that helps more than 650 companies and 150,000 purchasing professionals worldwide unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation.
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