JAGGAER Leads Source-to-Pay Industry with ISO/IEC 42001 Certification for Ethical AI Management System

JAGGAER Achieves Elite ISO/IEC 42001 Certification for AI Management System RESEARCH TRIANGLE PARK, N.C.—JAGGAER, a global leader in Source-to-Pay (S2P) and supplier collaboration, announced today that it has achieved the ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). This certification marks JAGGAER as the first company in the S2P industry to meet this rigorous international standard, highlighting its dedication to the responsible and ethical development and deployment of AI technologies. ISO/IEC 42001 is the world's first standard for AI management systems, designed to assist organizations in establishing, implementing, maintaining, and continuously improving their AIMS. It focuses on key aspects such as trustworthiness, transparency, accountability, and the reduction of AI-related risks. "Receiving this certification is more than just a compliance checkpoint; it reflects our deep commitment to building AI on a foundation of trust, transparency, and accountability," stated Gopinath Polavarapu, Chief Digital and AI Officer at JAGGAER. "We are proud to set a new benchmark in the S2P industry, ensuring that our customers can make smarter, safer decisions with confidence." The ISO/IEC 42001 certification validates JAGGAER's systematic approach to AI management. All AI-driven features within the JAGGAER One platform are developed and operated with ethical implications, data governance, and security in mind. This proactive stance on AI governance is crucial as AI continues to reshape the procurement landscape, confirming JAGGAER's commitment to delivering reliable, advanced solutions. "It's essential to deliver real value and confidence to our customers through this certification," emphasized Michael Garvin, Chief Information Security Officer at JAGGAER. "Our commitment to ethical AI ensures it works effectively and fairly for your business. We actively manage AI risks, including security threats and biases, so you can leverage our innovative tools with peace of mind. This certification demonstrates that our solutions are built on a foundation of trust and transparency, providing dependable and high-performing AI you can rely on. I extend my congratulations to the GRC team and everyone at JAGGAER who contributed to this significant achievement." JAGGAER's AI-powered solutions are designed to optimize procurement processes, enhance supplier relationships, and provide actionable insights from spend data. By achieving this certification, JAGGAER reinforces its position as a trusted partner for businesses undergoing digital transformation. About JAGGAER JAGGAER is a global leader in enterprise procurement and supplier collaboration, dedicated to enhancing human decision-making to accelerate business outcomes. The company assists organizations in managing and automating complex procurement processes while fostering a resilient, accountable, and integrated supplier network. With over 30 years of industry expertise, JAGGAER offers industry-specific AI-powered solutions through its JAGGAER One platform, catering to both direct and indirect, upstream and downstream procurement needs. The company's 1,200 global employees are passionate about helping customers create value, transform their businesses, and progress toward Autonomous Commerce. For more information, visit www.jaggaer.com. More News From JAGGAER For additional updates and news from JAGGAER, stay tuned to their communications channels and website.