Following successful adoption of their Spend Visibility software by more than 50 Global 500 organizations, providing deep and accurate insight into enterprise spending and patterns across the globe; Zycus, the global leader in spend analysis solutions releases an expanded suite of solutions that transforms spend analysis for Global 2000 Companies into a more actionable, objective- oriented and result driven process.
Princeton, New Jersey - February 6th, 2007: Zycus Inc, the world’s number one spend visibility software solutions provider, today announces the launch of an expanded suite of software products. The general availability of version 4 of it’s Spend Analysis offering, named “Actionable Analytics 4.0” brings objective-driven and savings opportunity focused actionable analytics to customers, through innovative features that are a first in the spend visibility market.
Breaking free from the limitations of slice & dice and OLAP based spend visibility, which required substantial investments in training and system expertise and are not objective-driven for savings identification. Zycus’ new Actionable Analytics tool enables commodity managers to find more saving opportunities faster using a feature set called Opportunity Finder. Opportunity identification strategies, unique to organizations and categories, are configured quickly and easily and can be repeatedly
leveraged by commodity managers time and again.
Additionally, a new module for Opportunity Pipeline Management enables Sourcing & Procurement leadership to track and manage their global savings mandates using a pipeline based approach. Sourcing Leadership is now be able to review saving opportunities based on facts and figures, approve and prioritize them, and create a funnel of savings activities through a collaborative process analogous to a sales funnel in CRM applications.
Commenting on the launch AMR Analyst Mickey North Rizza noted that “quickly finding the opportunities, prioritizing them based on the immediate impact of expense reduction or margin improvement, and the long term savings over time is what strategic procurement and sourcing groups need. This new offering by Zycus provides procurement visibility and a savings opportunity pipeline.”
"Actionable Analytics 4.0 is a flexible tool that can be designed, within limits, to align and monitor balanced scorecard objectives. The application can quickly drill down to detail, but also functions at a higher level through the use of a dashboard (pipeline) that gives management easy and timely oversight of the spend analytics activity of buyers and any other users. We are implementing Actionable Analytics 4.0 to help increase work efficiencies, assist in the proper prioritization of workload/commodity management, and help increase the credibility of the purchasing organization given the proper change management practices are part of its implementation." Commented Gary R. Miklos, Manager Benchmarking and Compliance, Siemens Power Generation Inc.
Speaking at the launch of Zycus’ Actionable Analytics 4.0 Aatish Dedhia, CEO commented: “Most of todays spend visibility solutions stop at just providing reports because they relied predominantly on a BI approach and were built using third party components. These limitations restricted the power of spend analysis to a tactical level that could be used by only a few analysts. With the easy to use and process driven framework in Zycus Actionable Analytics, CPO’s can now ensure that savings identification is a repeatable, sustainable process through features such as the Opportunity Pipeline Manager. Commodity managers are empowered to identify and realize more savings through the innovative facets in the Opportunity Finder. Sourcing Leadership is now able to use Actionable Spend Analysis to create and manage a continuous pipeline of savings opportunities to meet savings targets, just as sales leadership creates and manages a prospect pipeline to meet revenue targets.”
This new version of Zycus’ Spend Analysis suite is available to customers in both behind-the-firewall and Software as a Service (SaaS) mode. All modules are backward compatible and come with integration adapters for SAP, Oracle and all other major ERP, Data Warehouses and Sourcing Applications. You can learn more about the new release at www.zycus.com.
Zycus is the leading provider of Spend Analysis solutions to the global 1000 companies. Zycus' Actionable spend Analysis solutions combine cutting edge technology and domain expertise and enables superior savings and greater compliance through easy to use, process driven spend analysis and enriched and classified spend data. Zycus’ products integrate with leading ERP and Data Warehouse applications and are available in behind-the-firewall and SaaS modes.
Press Contact
Anurag Dixit
Marketing Director, Zycus Inc.
Ph.: +1-888-451-0145
e-mail : anurag@zycus.com
For more information, about Zycus and its solutions:
Please write to- information@zycus.com
or log onto- http://www.zycus.com |
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