Artificial Intelligence (AI) based data classification software will classify spend transactions flowing through AFNAFPO e-Procurement system improving detailed spend visibility; accurate coding of data to UNSPSC at point of requisition also holds promise of enhanced compliance and improvement of procurement processes.
July 6 2005: Princeton, NJ, US - Zycus Inc., leaders in Spend Data Management, today announced that Air Force Nonappropriated Fund Purchasing Office (AFNAFPO) has selected Zycus AutoClass Software, as an infrastructure tool for automated classification of their Spend Data.
In a project that is planned to be rolled out in phases, AFNAFPO has set the goal to achieve detailed spend visibility and analysis by improved categorization of Non Appropriated Funds (NAF) purchases.
“Automated categorization of the product and services data within the system to UNSPSC standards will provide the much needed spend visibility that AFNAFPO is seeking today” commented Sandip Maiti, VP - Marketing for Zycus Inc. “Quality Spend Data is the foundation for any procurement transformation initiative; we are glad that AFNAFPO is leading with a vision to pursue an automated software based solution for their Spend Analysis initiative,” he added.
About AFNAFPO
The Air Force Nonappropriated Fund Purchasing Office (AFNAFPO) was established in February 1973 as a central non appropriated fund purchasing function in support of NAF activities worldwide. As part of the Air Force Services Agency, the AFNAFPO is dedicated to supporting Air Force readiness and mission accomplishment by providing corporate purchasing programs in support of activities that stimulate physical fitness, community cohesion, family well-being, and quality of life. The AFNAFPO is responsible for purchasing support to over 3000 DoD activities worldwide through the Commander's Smart Buy Program (CSBP). The CSBP is the trade name representing all purchasing programs initiated and managed by the AFNAFPO. For more information log on to www.afnafpo.com
Zycus is a leader in Spend Data Management™ (SDM) with a compelling vision for enterprises who plan to transform their procurement organization and stay at the cutting edge of Supply Management. SDM is the foundation to cleanse, classify and enrich vendor, master and transactional data that powers on-going global spend analysis. Fortune 500 organizations such as General Electric, Dupont, 3M, Alcoa, US Federal Government Marketplace (GSA) and Unilever along with more than 35 Fortune 500 organizations have already implemented and experienced the power of Zycus software and solutions.
For media enquiries, contact:
Anurag Dixit
Director – Marketing, Spend Analysis Solutions
Zycus Inc.
Ph. +1 888 451 0145;
Email: anurag@zycus.com
© 2006 Zycus Inc. Zycus Spend Data Management™ is Zycus’ trademark.
All other trademarks, trade names, logos, brands if any, are used for identification purposes only and belong to their respective owners. |
Back
