The year of the Supplier: Perspectives on Supplier Management 2011
This report examines the crucial set of processes that encompass supplier management by exploring the pressures...
What Users Want
Procure-to-Pay (P2P) initiatives often flounder with poor user adoption rate. This whitepaper focusses on the key requirements of the end-users, which can help the P2P program managers to design-in a process that will lead to a successful P2P initiative...
Sigma Aldrich: Global Procurement Team Expands Influence with Spend Analysis
A world-leading developer and producer of chemical and biomedical products and services, spread across 40 countries, Sigma-Aldrich dealt with sourcing of extremely sensitive products that limited their flexibility to pursue procurement strategies...
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Forrester Research, Inc.
Pre-1998: Prior to Zycus, Aatish enjoyed a flourishing career at Intel Corporation in the United States and was part of the core design team on the Pentium-II processor. At Intel, Aatish also introduced Internet and Intranet technologies within the Pentium-II group for improving group work and knowledge management.
1998-2000: Company founded by Aatish Dedhia under the name of EzeeNet Infotech and was focused on Content aggregation and repurposing for Job boards and portals Like Monster and Yahoo. During this period, Zycus was no.1 in the US.
2000-2002: Zycus received funding from CitiBank Private Equity and GE Capital. AutoClass was conceived and created using the Artificial Intelligence and content classification experience from the previous business. GE signed up as a first customer for AutoClass.
2003-2005: Zycus creates and launches a new category: “Spend Data Management”, signing up early adopters such as, 3M, Dupont etc. Quickly scaling up to 25 Customers, Zycus received significant recognition as an industry domain leader and market leader. The SDM solution category continues to gain industry analyst recognition and increased market adoption.
2005-2006: Zycus grows at a rapid pace and gets initial deals in Europe and APAC. Zycus expands from Spend Data Management to Spend Analysis, extending the solution capability from spend data classification and enrichment to include reporting and analytics. New launch and positioning well accepted by Analysts and customers. Total Customer count goes up to 60, across 14 countries.
2007-2008: Zycus targets higher growth through expansion of product mix and increased geographical coverage. Develops a unique and easy to use solution iSource after acquiring and improving a competing product. iSource allows users to create RFX within minutes, do exhaustive analysis and evaluate supplier responses and conduct eAuctions with strong support.
2008-2009: In their report released in 2008, “Market Overview 2008: Automated Spend Analysis”, Forrester lists Zycus as one of three vendors which have collectively garnered 64% of market share in 2007. Aiming to launch a complete best-of-breed Spend Management Suite, Zycus launches a Contract Management solution, in early 2009, targeting procurement professionals. With Contract Repository and Contract Authoring functionality, Zycus provides sourcing and procurement professionals the ability to realize negotiated savings through monitoring and tracking of contract compliance and utilization across the contract lifecycle.
2009-2010: Zycus continues to roll out high quality, advanced-technology solutions with the launch of its Supplier Performance Management (SPM) & Supplier Information Management (SIM) modules. The robust and highly configurable Zycus' SIM Solution is capable for mapping complex workflows and provides a central repository to store and manage updated supplier information. Zycus' SPM Solution automates the end to end process of supplier performance management. The tool by far is one of the most comprehensive and easy to use tool available in the market today.
2011: Rebrands from spend management to procurement performance solutions. Adds the Financial Savings Management solution to the suite and enhances existing solutions with products like iCost, iOptimize & iManage.
|Name of Parent Company:
||Zycus Infotech Pvt. Ltd|
|Corporate Office :||Princeton, New Jersey, USA|
|Headquarter & R&D center :||Mumbai, India|
|Web site :||www.zycus.com|
|Year of inception:||1998|
|Company CEO:||Aatish Dedhia|
|No. of Employees:||600+|
|No. of customers :||200+|
|Core products / solutions:||Spend Analysis
Financial Savings Management
|Brands owned:||Zycus Inc.|
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