Leading Industrial Solution Provider Joins Hands with Zycus for Spend Analysis

PRINCETON, NJ- JANUARY 11, 2019 – Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that a diversified global company headquartered in the US with operations in diversified industrial products has entered into a 3-year agreement with Zycus for their procurement transformation beginning with Spend Analysis.

The organization operate with relative companies to increase long term corporate value for all of their stakeholders and shareholders utilizing Operational Excellence Programs, sheet improvements, capital allocation policies, Purchasing Council, Corporate Services, balance and growth initiatives.

They were looking to upgrade their existing Spend Analytics system and improve the quality of their spend data. The goal was to get a holistic view into the spend for all the companies in an effort to find common spend patterns in an effort to consolidate spend across the enterprise globally and to leverage the suppliers for better pricing.

During the evaluation, Zycus was differentiated from other spend analysis technology providers because of comprehensive functionalities. The Zycus team presented great understanding of problems associated with consolidating spend frameworks.

“Zycus’ spend data management address all the challenges of enterprise spend data classification. It elaborates on the processes that can help successfully extract actionable information from your spend data which in turn can help organizations create strategic sourcing initiatives and achieve savings. We’re delighted to have such a reputed firm on board with us and we look forward to a great professional relationship” said Bruce Saunders, Vice President of Sales at Zycus Inc.