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Zycus to Conduct a Benchmark Study on the State of Procurement and Spend Management in Europe

London, U.K. February 8, 2011 - Zycus, a world leader in Spend Management solutions today announced that they are conducting a benchmark study that will highlight the spend management challenges and current state of technology in procurement and spend management in Europe. The aim of this study is to help European organizations better understand:

Where they are on the maturity and performance curve for enterprise procurement and spend management, What obstacles are impeding faster progress, and How organisations can rapidly achieve best-in-class results with innovative and fully automated procurement and spend management technologies.

Zycus’ - customer first - approach has prompted us to undertake this exercise. This benchmark study will share real life scenarios of procurement professionals within Europe which will equip them to better understand the problem areas and implement best-in-class procurement & spend management solutions. says Anurag Dixit, Vice President – Marketing, Zycus. The benchmark report will be released on 2nd March 2011 at the eWorld Purchasing & Supply conference in London, UK where Zycus will exhibit at booth no. 18.

About Zycus

Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment through superior user adoption to create Maximized Savings. Zycus’ solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 200 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management.

With more than 200 global proven implementations, Zycus' solutions have emerged as the global favorite. Zycus has more than 400 employees across North America, Europe and Asia-Pacific. To learn more about Zycus, e-mail information@zycus.com or visit www.zycus.com

Press Contacts
Rahul Awtaney
Manager - Public Relations & Analyst Relations, Zycus Inc.
rahul.awtaney@zycus.com
Direct: +1 866 563 9219

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