With its patented AI-powered classification engine that learns spend-data idiosyncrasies for entire industries such as CPG, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution empowers (iAnalyze, iCost) CPG companies to:

• Perform powerful multidimensional spend reporting, identify cost-savings opportunities and gain greater control over noncompliant spending
• Increase procurement`s penetration, control and influence over spending, including large indirect categories such as advertising, marketing, trade promotions and logistics
• Automatically search for performance-improvement opportunities according to set stratergies such as SKU and supplier rationalization
• Build Comprehensive and competitive insight to total costs

The Zycus e-Sourcing solution (iSource) is built for speed and scalability. The translates into reduction in sourcing cycle times and further enables CPG companies to:

• Take full advantage of market competition even on relatively small and/or infrequent buys without adding significant time and cost to the sourcing process
• Source virtually any item or service including complex services such as testing, marketing, logitics and contract manufacturing

With its unique blend of supplier information management (iSupplier), performance management and collaborative performance improvement capabilities (iPerform), the Zycus Supplier Management solution is a perfect fit for the CPG industry where a wide variety of regulatory compliance and supplier information tracking requirements leaves little room for error. The solution enables procurement to:

• Obtain and maintain accurate and timely information around supplier credentials and certifications
• Build KPIs for compliance to statutes from the Consumer Product Safety Commission (CPSC), Fair Packaging and Labeling Act (FPLA) and Foreign Corrupt Practices (FCPA) as well as requirements for testing and control assessments, sustainable packaging and so forth
• Identity and manage supplier performance improvement opportunities collaboratively
• Collaborate with suppliers to enhance supplier development programs

The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers CPG procurement organizations to:

• Ensure use of proper standard clauses for a wide variety of purchase types (for example raw materials, packaging, logistics etc.)
• Match transactions to contracts to assure utilization and compliance to pricing and other performance terms
• Make sure that contracts are never renewed automatically without proper due diligence