Rutherford, New Jersey, U.S.: May 3, 2004- Zycus Inc., the leader in the Spend Data Management suite of software products for Strategic Sourcing, today announced that it has been selected by BearingPoint to provide an automated global spend analysis infrastructure for a Strategic Sourcing consultancy project at a Fortune 50 company.
Products from companies such as Zycus have the ability to handle a wide variety of data and extract rich information, irrespective of the quality and descriptiveness of each client's spend data,” said Peter Buettgen, Managing Director, BearingPoint. This gives us the flexibility to meet the discerning clients specific demands and objectives.”
Faced by the challenge of deploying a global spend analysis solution in a rapid time frame of under 3 months, BearingPoint started to look beyond conventional solutions that have traditionally revolved around services. “Automation” was identified as a key component to ensuring the success for the project. In addition, the challenge to maximize discovery of savings opportunities meant accurately classifying data to the lowest levels possible levels. Zycus SDM software will aid BearingPoint's requirement of automatically processing multi-billion dollars of global spend data, in a short time frame, along with deployment of Web-based analytic tools to facilitate “savings discovery for clients, said Sandip Maiti, Vice President, Marketing, Zycus Inc.
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. |
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