|We started initially with the Spend Analytics, we moved forward and added iContract to keep together and check and manage spend under contracts; we added the supplier performance this year and we are also moving with the iSource to automate our RFPs process.|
|Stephen Youngman, Sr. Manager, Strategic Sourcing, Celgene Corporation|
Procurement Performance Solution Overview
Zycus’ Procurement Performance Solution Suite
For more than a decade, Zycus has been the clear, most trusted leader in Spend Analysis software. Now, with our spirit of innovation, sharp customer focus, and a passion to help procurement create even greater efficiencies and advantages, we have evolved our solution portfolio to offer a full suite of Procurement Solutions.
Zycus’ procurement performance solution suite are designed keeping in mind the evolving role of procurement from managing front line of business to making a strategic impact by being at the heart of high performing business. In order to meet this objective, procurement must ensure
Visibility: Developing a crystal clear, detailed, and far reaching insight into business requirements, spending, performance-improvement opportunities, supplier performance and cost structures, global market intelligence, risks, and much more.
Compliance: Procurement is at the forefront of driving compliance to supplier contracts, legal terms and conditions or compliance to business processes - as an anchor for successful business performance.
Contribution to bottom line: To be accepted and supported widely, all procurement activities and performance metrics must contribute consistently and clearly to business bottom-lines. Procurement savings must be reflected in the organizations P&L statements and balance sheets to clearly demonstrate procurement's contribution to improved business performance.
Alignment & Collaboration: Not only does procurement need to create collaborative partnerships with suppliers but to truly create a strategic impact within the organization it needs to align with internal functions like finance, product development and R&D.
Technology Adoption: One of the primary goals of a successful procurement organization is the ability to drive broad adoption and consistent use of technology at all levels of business enterprises and supply networks.
Innovation: Procurement teams must be equipped to bring their own creativity to bear, to drive innovation in terms of both business operations and the products and services their businesses produce.
Our standard, full-featured solutions give procurement teams the power to get moving quickly from any point of departure. Meanwhile, Zycus' advanced solutions - which are exclusive to Zycus and cannot be sourced elsewhere - empower procurement teams to continue innovating and pushing business and procurement performance to new heights.
A brief overview of Zycus’ procurement solution suite is as follows:
Spend Analysis: Zycus' Spend Analysis Solutions - AutoClass, iAnalyze, iMine, iCost, and AutoClass Live Connect - offer the most comprehensive, detailed, accurate and consistent spend visibility on the market today.
eSourcing: Zycus' e-Sourcing Solutions - iSource, iOptimize, and iManage - automate and dramatically accelerate sourcing processes, ensure fact-driven decision making and consistent sourcing event outcomes.
Contract Management: Zycus' Contract Management Solutions - iContract Repository and iContract Authoring - simplify and accelerate complex legal financial and other interactions with suppliers.
Supplier Management: Zycus' Supplier Management Solutions - iPerform and iSupplier - provide a comprehensive platform for automating all aspects of supplier performance and information management for a collaborative & innovative relationship with suppliers.
Financial Savings Management: Zycus' Financial Savings Management Solution - iSave - is all about aligning procurement activities and performance metrics with business objectives and making sure the results of procurement's work show up on either the bottom or top lines of the business.
Procure to Pay: Zycus' Procure-to-Pay Solutions - eProcurement, eInvoicing and Supplier Network automates the process from procurement to payment.