The Business Need for Managing Procurement Savings

What happens when there is lack of collaboration between procurement and finance?

  • Procurement objectives may not be aligned with business performance objectives
  • Savings reported by procurement may not be recognized by finance
  • Mapping the impact of cost savings on the balance sheet may be difficult
  • Keeping a track of forecasted vs. negotiated vs. realized savings, and of cost-savings vs. cost-avoidance gets difficult

With Zycus' unique Financial Savings Management solution feature - iSave - we assure you this will not happen.  Our robust tool-set helps you in tracking savings and in collaborating better with finance.

Download Brochure  

How We Help You

We start by listening to your needs.

We then empower our solution to help you meet your procurement objectives, so you have greater business impact through:

  • Calculation of the impact of procurement savings on P&L and balance sheet
  • Ensured transparency into forecasted and achieved savings by maintaining a single version of truth
  • Mapping and automation of existing approval workflows for efficient collaboration between procurement and finance

To have a look at our product, view demo

Financial Savings Management Software Features

iSave

It helps you to track your savings and collaborate better by:

  • Providing function-specific views into individual projects and associated savings
  • Mapping of forecasted savings to budgets
  • Offering financial savings generator
  • Tracking savings across multiple parameters like business divisions, time, savings type and impact type

 

To read more about the tool features, download brochure

Customer Success Stories

Learn how we facilitated better collaboration between procurement and finance teams for our customers.

“The iSave tool helped us capture and report the savings. And it's a very credible suite, in that we are able to audit through the iSave tool, we have defined savings definitions so that they are standardized and enterprise wide. We have hundred percent adoptions.”- Cubist Pharmaceuticals

 

Browse through the customer case studies:

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

Read the case study to understand how Zycus' Supplier Management Solution helped a Fortune 500 Energy C...

DOWNLOAD
Leading American Biotechnology Company employs Zycus Suite of Solutions

Leading American Biotechnology Company employs Zycus Suite of Solutions

With a transactional role of global sourcing and a 20% - 50% span of control, meeting key business need...

DOWNLOAD
The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

Faced with major changes in the traditional computing markets, 2012 proved to be a challenging year for...

DOWNLOAD
See More Case Studies

Resources

“Intelligence is the ability to adapt to change.” ― Stephen Hawking

We believe in value-creation by facilitating procurement knowledge sharing. From analyst reports to whitepapers to webinars, visit our knowledge hub to read about and listen to a variety procurement topics.

 

Driving Sourcing Initiatives through Shared Savings Goals by Matthew Weinberg

Driving Sourcing Initiatives through Shared Savings Goals by Matthew Weinberg

Driving Sourcing Initiatives through Shared Savings Goals by Matthew Weinberg

Watch Now

Walking the Extra Mile: Procurement Greets Finance

Walking the Extra Mile: Procurement Greets Finance

Walking the Extra Mile: Procurement Greets Finance
Making Procurement Performance Count...

Read more