Procurement Software for Insurance Industry
New risks and new regulations are prompting changes in the way insurance industry operates today.
Financial reporting, risk, regulatory and taxation structures; consumer demand; products; data/analytics and technology systems are all in a state of flux as the industry rises to meet emerging market, globalization and regulatory challenges.
Against a backdrop of major transition, insurance-industry procurement teams have opportunities to enhance and provide:
- Operational stability in terms of costs, profitability, supplier performance, compliance and so forth.
- Process speed, ease and efficiency, freeing talent to focus on strategic -initiatives.
- Advanced discovery, sourcing, contracting and performance management with providers of the outsourced services, contingent labor, technology and software that will assist with ongoing industry modernization.
Zycus’ integrated source-to-pay solution suite empowers industry procurement teams to deliver on these opportunities and to measure, map and allocate hard value and ROI delivered by procurement to both bottom- and top-line financial metrics.
To read about our procurement solutions for insurance industry, download brochure