Double shortlist for JAGGAER clients at World Procurement Awards
JAGGAER's long-standing clients Signify and TK Elevator both shortlisted for leading international procurement accolade
LONDON, May 16, 2025--(BUSINESS WIRE)--JAGGAER, a global leader in Source-to-Pay and Supplier Collaboration, is proud to announce that its long-standing clients TK Elevator (TKE), a global leader in urban mobility and one of the world's leading manufacturers and service providers for elevator, escalator, moving walks and service providers, and Signify, a leading Dutch multinational lighting corporation, have both been shortlisted in categories of the prestigious World Procurement Awards.
The World Procurement Awards celebrate excellence in procurement and represent the pinnacle of professional achievement. Recognised globally for its prestige, this event honours the leaders and organisations that excel in innovation, efficiency, and sustainability. The awards spotlight the best practices and transformative strategies shaping the future of procurement.
TKE was shortlisted in the JAGGAER Procurement Transformation Award category which specifically acknowledges significant advancement in a procurement function, whether it be the improvement of an underperforming team or taking an already high-performing unit to the next level. Signify, on the other hand, was among the finalists for the Procurement Team Award category, that specifically acknowledges teams that share a clear purpose and are committed to excellence in procurement and driving business impact; yet foster a culture of openness, individual and collective growth, and trust.
JAGGAER is proud that its support to these leaders in their sectors has contributed to the achievement of these important acknowledgements. Specifically, JAGGAER provided TKE transformative technology to standardize procurement processes on a global level and cut costs, and helped Signify transition to more resilient supply chain management.
"We're honoured to have been part of the process with Signify and TK Elevator right from the start, contributing to helping them achieve their procurement objectives to reduce costs, standardize processes and become more resilient in volatile times," said Simon Thompson, VP Northern Europe at JAGGAER.
"JAGGAER's support as a technology provider has been essential as we move through our transformative journey. The centralisation and streamlining of procurement across multiple countries and suppliers has reduced complexity and strengthened TKE's oversight and transparency, enabling us to achieve important savings," commented Oscar Rego, Chief Procurement Officer at TKE.
"The whole team is thrilled that our work has been showcased in this way. Being finalists in this award is a testament to the great work and collaborative outlook of the whole team. Shared ethics, a collaborative mindset and drive have led this formidable team to achieve results that are truly greater than the sum of its parts," confirmed Arnold Chatelain, Transformation Program Director at Signify.
About JAGGAER
JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream, and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce.
For more information, visit www.jaggaer.com.
ABOUT TK ELEVATOR
TK Elevator (TKE) is a global leader in vertical transportation and urban mobility. We provide engineering that keeps the world moving, from design to installation and maintenance on any brand of elevators, escalators, walkways, lifts, passenger boarding bridges, stairlifts, platform lifts and home elevators – any place and any time. With our digital solutions like AGILE and the IoT platform, MAX, there are no longer any limits to urban mobility. TK Elevator became independent following its separation from the thyssenkrupp group in 2020. The company achieved sales of €9.3 billion in fiscal year 2023/2024. With around 50,000 employees, 25,000 service technicians and over 1,000 support centers globally, we are moved by what moves people. TKE – Move Beyond.
About Signify
Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. We unlock the extraordinary potential of light for brighter lives and a better world. Our advanced products, systems and data-enabled services deliver business value and transform life in homes, buildings and public spaces. In 2024, we had sales of EUR 6.1 billion, approximately 29,000 employees and a presence in over 70 countries. We feature in the Dow Jones Sustainability World Index and hold the EcoVadis Platinum rating, placing in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on LinkedIn, Instagram and X. Information for investors is located on the Investor Relations page.
Signify global brands include: Philips, Philips Hue, WiZ, Interact, ColorKinetics, Dynalite, Telensa, Signify myCreation, Signify BrightSites, NatureConnect, Trulifi.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250516073177/en/
Contacts
Media ContactJosephine Ornagojosephine@outspokenpr.com +39 3662250305
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
33 minutes ago
- Business Wire
Northern Trust Appointed Custodian for Dutch Pension Fund BPF Beton
AMSTERDAM--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been appointed by Dutch pension fund BPF Beton to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with approximately EUR 1.2 billion (approximately US$1.2 billion) in assets as at 31 December 2024. Herman Prummel, country head, Netherlands, Northern Trust, said: 'We are pleased to be supporting BPF Beton. Northern Trust has been servicing Dutch pension clients for four decades and is a long-term strategic partner to the pensions industry. With our deep local market expertise, global scale, data and technology platform, Northern Trust is committed to the Dutch pensions industry and its evolving needs. This mandate showcases our regional commitment and expertise in ensuring a seamless, efficient transition to the new reporting standards. We look forward to working with BPF Beton and continuing to serve the needs of the Dutch pension fund industry.' The pension system in the Netherlands is migrating to a defined contribution system, known as the Future of Pensions Act or 'Wet Toekomst Pensioenen'. BPF Beton sought an asset servicing partner that could help them through the changes brought on by the new legislation. Govert van der Peijl, president and chairman of BPF Beton, said: 'This transition is complex and large scale. We sought a strategic service provider who understands the requirements under the new legislation and who can support us navigate this new landscape. Northern Trust impressed us with their rapid response to the new legislation and their dedication to the Dutch pension fund industry. We are pleased to collaborate with Northern Trust and look forward to their support as our scheme embarks on the next chapter of its journey to deliver the best possible outcomes for our members.' About BPF Beton BPF Beton is the sectoral pension scheme for employees active in the manufacturing industry for concrete products. Based in Amsterdam, they represent over 25,000 members as at 31 December 2024. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at
Yahoo
33 minutes ago
- Yahoo
Northern Trust Appointed Custodian for Dutch Pension Fund BPF Beton
Appointment Underscores Commitment to Supporting Dutch Pension Funds Migrating to New Pension System AMSTERDAM, June 02, 2025--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been appointed by Dutch pension fund BPF Beton to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with approximately EUR 1.2 billion (approximately US$1.2 billion) in assets as at 31 December 2024. Herman Prummel, country head, Netherlands, Northern Trust, said: "We are pleased to be supporting BPF Beton. Northern Trust has been servicing Dutch pension clients for four decades and is a long-term strategic partner to the pensions industry. With our deep local market expertise, global scale, data and technology platform, Northern Trust is committed to the Dutch pensions industry and its evolving needs. This mandate showcases our regional commitment and expertise in ensuring a seamless, efficient transition to the new reporting standards. We look forward to working with BPF Beton and continuing to serve the needs of the Dutch pension fund industry." The pension system in the Netherlands is migrating to a defined contribution system, known as the Future of Pensions Act or 'Wet Toekomst Pensioenen'. BPF Beton sought an asset servicing partner that could help them through the changes brought on by the new legislation. Govert van der Peijl, president and chairman of BPF Beton, said: "This transition is complex and large scale. We sought a strategic service provider who understands the requirements under the new legislation and who can support us navigate this new landscape. Northern Trust impressed us with their rapid response to the new legislation and their dedication to the Dutch pension fund industry. We are pleased to collaborate with Northern Trust and look forward to their support as our scheme embarks on the next chapter of its journey to deliver the best possible outcomes for our members." About BPF Beton BPF Beton is the sectoral pension scheme for employees active in the manufacturing industry for concrete products. Based in Amsterdam, they represent over 25,000 members as at 31 December 2024. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Media Contacts Europe, Middle East, Africa & Asia-Pacific: Camilla Greene+44 (0) 20 7982 2176Camilla_Greene@ Simon Ansell+ 44 (0) 20 7982 1016Simon_Ansell@ US & Canada:John O'Connell+1 312 444 2388John_O'Connell@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
ScotRail news, interviews and updates on the railway operator
Scotrail is a publicly owned, nationalised rail service operated on by The Scottish Government and overseen by Scottish Rail Holdings Limited. The train service was returned to public ownership in April 2022 after The Scottish Government ended its ten-year contract with Abellio three years early. The Dutch state-owned railway company had been awarded the franchise in 2015 to run until 2025, but the deal was cut short following criticism over cancellations and performance. The contract was worth more than £7 billion, according to the BBC. Read on for all the latest ScotRail news, interviews and updates. As reported by The Herald, here is a selection of the latest ScotRail news stories. Scot Gov declines to reveal cost of Intercity bids process ScotRail warning ahead of Far North Line improvement works ScotRail: Glasgow Central trains face disruption amid issue On-peak travel is generally between 06:00 and 09:15, and 16:30-18:00. Always check with ScotRail before you travel to ensure you have the correct ticket. John Swinney announced the peak train fares in Scotland will be scrapped permanently from from September 1 2025. The First Minister confirmed the policy at Holyrood, following a pilot scheme that removed peak-time ScotRail fares but ended in September last year following 'limited success'. Transport Scotland said the scheme - which was subsidised by the Scottish Government and standardised tickets across the day - 'did not achieve its aims' of persuading more people to car journeys for rail travel. ScotRail's off-peak tickets can be used after 9.15am on weekdays, and at any time on the weekend and on Scottish bank holidays. Some evening travel restrictions apply to off-peak tickets depending on the station or route. Always check with ScotRail before you travel to ensure you have the correct ticket (Image: Archive) The ban on drinking alcohol on ScotRail services is set to come to an end. First Minister John Swinney made the announcement when he made his Programme for Government statement to Holyrood. The document said the ban is 'counter-productive and ineffective'. A press release from the Scottish Government, which also announced the ending of peak train fares, said: "ScotRail peak rail fares abolished and the general alcohol ban on ScotRail trains removed and replaced with time and location restrictions." A blanket ban on drinking alcohol on ScotRail trains was introduced during Covid-19 in November 2020 and was extended 'for the foreseeable future' in 2022. The 24/7 ban prohibited drinking alcohol at any Scottish station or on any ScotRail service. Transport union RMT said ScotRail's ban cannot be 'adequately enforced', and has called on the train operator to tackle anti-social behaviour. The alcohol ban on ScotRail services has been around since November 2020 (Image: Newsquest) Gordon Martin, organiser at RMT Scotland, told The Herald: "It is not the job of rail workers to police the anti-social behaviour of passengers, and it is clear the rules around alcohol consumption cannot be adequately enforced. "What we need is for ScotRail to take real responsibility for dealing with anti-social and violent conduct, and to ensure every assault on staff is treated seriously and prosecuted to the full extent of the law." Domestic pets, such as dogs, cats, or tortoises, are allowed on ScotRail train services. According to the operator's website, up to two pets are allowed, but they must be on a lead or in a travel cage. ScotRail has options for frequent travellers to save money. Train season tickets offer a 40 per cent saving for those commuting five days a week. There are weekly, monthly, or annual options for the Season Tickets. With the removal of peak fares, season tickets were discounted by 20 per cent for a year and that will continue as planned until September. ScotRail say Flexipass provides a 30 per cent discount, allowing 12 single or six return journeys on the same route within 60 days. More information on ScotRail's railcards and tickets is available on its website. ScotRail passengers experiencing delays of 30 minutes or more could be entitled to compensation. This also applies to missed connections caused by ScotRail train delays. Claims must be made within 28 days of the delay.
