JAGGAER ONE vs Workday Spend Management

Last Updated:

Our analysts compared JAGGAER ONE vs Workday Spend Management based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Workday Spend Management Software Tool

Product Basics

JAGGAER ONE is a cloud-based procurement platform that aims to streamline and automate the entire source-to-pay cycle for organizations. It's well-suited for businesses of all sizes, particularly those seeking centralized control over spending and supplier relationships. Key benefits include increased visibility into procurement activities, reduced costs through e-sourcing and spend analytics, and improved compliance with procurement policies. Popular features encompass supplier management, contract lifecycle management, and invoice automation. User experiences in the procurement context highlight JAGGAER ONE's strengths in user-friendliness, configurability, and integration with existing enterprise systems. However, some users report challenges with data migration and ongoing maintenance. Pricing is typically based on a subscription model with per-user or transaction fees, varying depending on the specific modules and level of customization required. Overall, JAGGAER ONE offers a comprehensive suite of procurement tools that can significantly improve efficiency and cost savings for organizations, but it's crucial to carefully assess its suitability and pricing structure before implementation.

Pros
  • Streamlines workflows
  • Boosts visibility & control
  • Reduces costs & errors
  • Improves supplier management
  • Offers data-driven insights
Cons
  • Complex setup & migration
  • High initial cost & maintenance
  • Limited customization options
  • Steep learning curve for users
  • Integration challenges with legacy systems
read more...

Workday Spend Management is a comprehensive solution designed to streamline procurement processes, making it an ideal choice for medium to large-sized organizations seeking to optimize their spend strategies. This software stands out for its ability to integrate seamlessly with other financial and HR systems, providing a unified platform that enhances visibility and control over company spending. Among its most celebrated features are automated procurement workflows, real-time budget tracking, and advanced analytics, which collectively contribute to more informed decision-making and operational efficiencies. When compared to similar products in the market, users often highlight Workday Spend Management's user-friendly interface and the robustness of its reporting tools as key differentiators. Pricing for Workday Spend Management is typically subscription-based, varying according to the size of the organization and the specific modules required, ensuring that companies can tailor the solution to their unique needs without overspending.

read more...
$45,000 Annually, Quote-based
Free Trial is unavailable →
Get a free price quote
Tailored to your specific needs
$5,900 Annually
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Enhanced cost control and savings: Leverage AI-powered spend analytics to identify and eliminate wasteful spending, optimize supplier contracts, and negotiate better deals.
  • Streamlined procurement processes: Automate manual tasks, centralize purchase orders, and reduce approval bottlenecks, accelerating cycle times and boosting efficiency.
  • Improved supplier collaboration and risk management: Foster stronger relationships with suppliers through self-service portals, automate supplier onboarding and qualification, and mitigate risks with proactive compliance monitoring.
  • Data-driven decision making and insights: Gain real-time visibility into all procurement activities, analyze spending patterns, and predict future needs to optimize sourcing strategies and budgets.
  • Increased compliance and risk mitigation: Ensure adherence to regulations and internal controls with built-in compliance tools, minimize audit risks, and protect against fraud.
  • Scalability and adaptability: Adapt to changing business needs and accommodate growth with a flexible platform that scales seamlessly to meet your evolving procurement requirements.
  • Improved user experience and productivity: Simplify procurement tasks with intuitive interfaces, mobile access, and role-based permissions, empowering users and boosting productivity.
  • Sustainable procurement practices: Promote responsible sourcing and ethical supplier relationships with tools for supplier diversity, carbon footprint tracking, and conflict minerals management.
read more...
  • Streamlined Procurement Processes: Workday Spend Management simplifies the procurement process, enabling businesses to quickly and efficiently manage their purchasing activities from requisition to payment, reducing the time and effort required for procurement tasks.
  • Enhanced Spend Visibility: The software provides comprehensive insights into company spending, allowing organizations to identify spending trends, uncover cost-saving opportunities, and make informed budgeting decisions.
  • Improved Supplier Management: With Workday Spend Management, businesses can better manage their supplier relationships, including maintaining up-to-date supplier information, tracking performance, and leveraging supplier data to negotiate better terms.
  • Increased Compliance: The platform helps ensure compliance with both internal policies and external regulations by automating approval workflows, enforcing purchasing policies, and providing detailed audit trails for all transactions.
  • Cost Savings: By streamlining procurement processes and providing visibility into spending, Workday Spend Management helps organizations identify inefficiencies and reduce costs, leading to significant savings over time.
  • Scalability: Workday Spend Management is designed to grow with your business, easily adapting to changes in size, structure, or procurement needs without requiring significant additional investment or resources.
  • Enhanced Collaboration: The platform facilitates better collaboration within procurement teams and across departments by providing a centralized system for managing procurement activities, sharing information, and communicating about procurement tasks.
  • Real-Time Data Access: Workday Spend Management offers real-time access to procurement data, enabling decision-makers to quickly obtain the information they need to make timely and effective decisions.
  • Integrated Financial Management: The software seamlessly integrates with other financial systems, providing a unified view of financial data and enabling more accurate financial planning, budgeting, and forecasting.
  • User-Friendly Interface: With its intuitive design and user-friendly interface, Workday Spend Management makes it easy for users of all skill levels to navigate the system and perform procurement tasks efficiently.
  • Mobile Accessibility: Workday Spend Management's mobile capabilities allow users to manage procurement tasks on the go, increasing productivity and ensuring that procurement activities can continue uninterrupted, regardless of location.
  • Customizable Reports and Dashboards: The platform offers customizable reporting and dashboard features, enabling businesses to create tailored reports that meet their specific needs and provide actionable insights into their procurement activities.
read more...
  • Supplier Management: Manage your entire supplier lifecycle, from onboarding and qualification to performance tracking and risk mitigation. Enjoy self-service portals for suppliers, automated workflows, and robust collaboration tools.
  • e-Sourcing and Sourcing Optimization: Conduct strategic sourcing events, from reverse auctions to RFQs, automate supplier selection, and optimize contract terms with AI-powered insights.
  • Contract Lifecycle Management: Streamline contract creation, approval, negotiation, and execution. Gain real-time visibility into contracts, manage obligations and compliance, and automate renewals.
  • Purchase Order Management and Spend Analytics: Centralize purchase orders, automate approvals and workflows, and gain deep insights into spending patterns. Identify cost savings opportunities, optimize supplier relationships, and improve budget forecasting.
  • Invoice Automation and Matching: Automate invoice processing, eliminate manual data entry errors, and accelerate payment cycles with AI-powered matching and three-way matching capabilities.
  • Compliance and Risk Management: Ensure adherence to internal policies and external regulations with built-in compliance tools, risk assessment capabilities, and audit trails. Mitigate fraud and supplier risk through proactive monitoring and controls.
  • Business Intelligence and Reporting: Gain real-time visibility into all procurement activities with customizable dashboards and reports. Analyze data, identify trends, and make informed decisions based on actionable insights.
  • Mobile Access and User-Friendly Interface: Access JAGGAER ONE on any device, from desktops to smartphones, with a user-friendly interface that simplifies procurement tasks for all users. Role-based permissions ensure secure access and control.
  • Open Integration Platform: Integrate JAGGAER ONE seamlessly with your existing ERP, financial, and other enterprise systems to create a connected and efficient procurement ecosystem.
  • Advanced Analytics and AI: Leverage AI-powered spend analytics, supplier risk assessment, and predictive insights to optimize your procurement strategy, identify cost savings opportunities, and make data-driven decisions.
read more...
  • Strategic Sourcing: Achieve quick implementation and collaborate with suppliers and stakeholders on contracts based on dynamic negotiations to source project intake seamlessly. Access real-time data to track savings, reporting, supplier performance and activity for a streamlined workflow. 
  • Procure to Pay: Create, categorize and manage purchase requisitions, orders, supplier invoices and policies to streamline P2P processes under a centralized space. Eliminate manual labor with machine learning to access real-time spend analytics. Automate the process to control spend data in a flexible manner. Enable a live chat option to receive quick status updates on invoices and requisitions. 
  • Inventory: Access robust inventory controls and supply chain analytics within a centralized, flexible framework. Store, track and manage inventory without any external interference using mobile controls. Gain complete visibility and instant data analysis of reports. 
  • Expenses: Minimize paperwork and manual labor by automating the process of expense reporting. Scan and upload receipts to automatically create expense reports based on expense category, price and other details. 
read more...

Product Ranking

#78

among all
Procurement Software

#79

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

92
81
100
65
89
77
100
100
Show More Show More
Budget Management
Dashboard and Reporting
Platform Capabilities
Platform Security
Sourcing
Dashboard and Reporting
Platform Security
Sourcing
Requisitions
Supplier Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

JAGGAER ONE
Workday Spend Management
+ Add Product + Add Product
Budget Management Contract Management Dashboard And Reporting Invoice Management Mobile Capabilities Native Integration And Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving And Inventory Management Requisitions Sourcing Spend Management Supplier Management 100 89 100 87 60 75 100 97 90 93 92 100 92 100 65 77 100 59 80 70 88 79 88 78 92 100 75 89 0 25 50 75 100
100%
0%
0%
50%
25%
25%
90%
0%
10%
80%
0%
20%
100%
0%
0%
100%
0%
0%
89%
0%
11%
33%
33%
34%
60%
0%
40%
80%
0%
20%
71%
0%
29%
71%
0%
29%
100%
0%
0%
83%
0%
17%
90%
10%
0%
80%
0%
20%
92%
0%
8%
83%
0%
17%
92%
0%
8%
77%
0%
23%
85%
0%
15%
85%
0%
15%
100%
0%
0%
100%
0%
0%
80%
0%
20%
80%
0%
20%
100%
0%
0%
85%
8%
7%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
0%
33%
33%
0%
67%
100%
0%
0%
100%
0%
0%

User Sentiment Summary

Excellent User Sentiment 2 reviews
Great User Sentiment 578 reviews
90%
of users recommend this product

JAGGAER ONE has a 'excellent' User Satisfaction Rating of 90% when considering 2 user reviews from 1 recognized software review sites.

86%
of users recommend this product

Workday Spend Management has a 'great' User Satisfaction Rating of 86% when considering 578 user reviews from 4 recognized software review sites.

n/a
4.2 (24)
4.5 (2)
4.4 (65)
n/a
4.4 (415)
n/a
3.7 (74)

Awards

SelectHub research analysts have evaluated JAGGAER ONE and concluded it earns best-in-class honors for Budget Management, Receiving and Inventory Management and Supplier Management. JAGGAER ONE stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Budget Management Award
Receiving and Inventory Management Award
Supplier Management Award

we're gathering data

Synopsis of User Ratings and Reviews

Streamlined Workflows: Simplifies complex procurement processes with guided buying, approvals, and contract management.
Enhanced Visibility: Provides real-time insights into spending, contracts, and supplier performance, fostering data-driven decision making.
Improved Collaboration: Connects internal stakeholders and external suppliers on a single platform, promoting better communication and streamlining collaboration.
Reduced Costs: Automates tasks, identifies savings opportunities through spend analytics, and negotiates better contracts, leading to significant cost reductions.
Increased Efficiency: Eliminates manual processes and automates repetitive tasks, freeing up time for strategic initiatives and boosting overall procurement efficiency.
Improved Compliance: Ensures adherence to procurement policies and regulations through guided workflows and automated controls, mitigating risks and improving compliance.
Show more
Streamlined Procurement: Workday Spend Management helps to simplify the procurement process, making it easier for businesses to manage their spending. The platform offers a centralized location for purchase orders, invoices, and contracts, which can help to reduce paperwork and improve efficiency.
Enhanced Visibility: Gaining better visibility into spending patterns is another advantage. The platform provides real-time insights into spending data, which can help businesses to identify areas where they can save money. This can be especially helpful for businesses that are looking to reduce costs or improve their bottom line.
Improved Compliance: Workday Spend Management can also help businesses to improve compliance with procurement policies and regulations. The platform offers features such as automated approval workflows and audit trails, which can help to ensure that spending is compliant with company policies.
Show more
Complex Interface: Steep learning curve for new users, with a complex interface and navigation.
Limited Customization: Limited options for customizing workflows and reports to specific needs, leading to inflexibility.
Performance Issues: Can experience lag and slow response times, especially with large data sets or complex workflows, impacting user productivity.
Scalability Concerns: May not scale well for large organizations or complex procurement requirements, leading to potential limitations in the future.
High Cost: Can be expensive to implement and maintain, with ongoing subscription fees and potential consulting costs, raising budget concerns.
Integration Challenges: Integrating with existing systems can be complex and time-consuming, requiring additional resources and expertise.
Show more
Usability Challenges: Workday Spend Management can have a steep learning curve due to its complex interface and navigation, especially for those accustomed to more intuitive platforms. This complexity can lead to decreased user adoption and require additional training resources.
Customization Limitations: The system's rigidity can pose challenges for organizations with unique or industry-specific procurement needs. For example, tailoring approval workflows or integrating with niche third-party applications may require extensive configurations or custom development, which can be time-consuming and costly.
Reporting Constraints: Generating ad-hoc reports or extracting specific data points can be cumbersome, often requiring users to navigate through multiple modules or rely on IT support. This can hinder data-driven decision-making and limit visibility into spending patterns.
Show more

JAGGAER ONE gets mixed reviews from Procurement users. Fans praise its comprehensive suite, boasting, "It streamlines everything from sourcing to contract management, giving us a clear picture of our entire spend." This centralized view and automated workflows are lauded for boosting efficiency, with one user exclaiming, "We've slashed manual tasks, freeing up time for strategic sourcing initiatives." However, JAGGAER ONE's complexity can be a double-edged sword. While its depth is praised for offering "granular control over every step of the procurement process," the learning curve is steep, with users lamenting, "The interface is overwhelming, especially for new team members." This complexity can also lead to inflexibility, as some users find it "difficult to customize workflows and reports to fit our specific needs." Compared to Ariba, users appreciate JAGGAER ONE's focus on supplier collaboration. "The supplier portal fosters better communication and transparency, leading to stronger relationships," one user says. However, JAGGAER ONE's performance can falter, with reports of lag and slow response times, particularly when compared to Ariba's renowned speed. Cost is another concern, with JAGGAER ONE's price tag seen as "prohibitively high" by some. Ultimately, JAGGAER ONE is a powerful tool, but its complexity and cost might deter smaller organizations or those seeking a simpler solution. For those who prioritize deep functionality, supplier collaboration, and data-driven decision making, JAGGAER ONE's strengths outweigh its weaknesses, but careful consideration is crucial.

Show more

Workday Spend Management's ability to streamline spend analytics and automate tasks has resonated with businesses seeking greater efficiency and cost savings. Positive feedback highlights the software's intuitive design, which allows users to easily monitor expenses and engage with suppliers. The automation of procurement processes, including purchase requisitions and invoice management, has significantly reduced manual labor for many organizations. Workday Spend Management stands out from the competition with its strategic sourcing capabilities. The platform facilitates collaboration with suppliers and stakeholders, enabling dynamic negotiations and seamless project intake. Real-time data on savings, reporting, and supplier performance empowers businesses to make informed decisions and optimize their supply chains. When compared to other spend management solutions, Workday's offering shines in its ability to provide a centralized platform for managing various business areas, including human resources, financial planning, and data analytics. This comprehensive approach allows for greater visibility and control over spending across the entire organization. Workday Spend Management is an ideal solution for businesses of all sizes looking to enhance their spend management practices. Its scalability and flexibility make it suitable for organizations with varying needs and complexities. The platform's ease of use and comprehensive features empower businesses to save time and money while gaining valuable insights into their spending patterns. Whether you're a small startup or a large enterprise, Workday Spend Management can help you optimize your procurement processes and achieve greater financial control.

Show more

Screenshots

Top Alternatives in Procurement Software


Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings