The Business Need for Spend Analysis Solution

What happens when the organization-wide spend management is inefficient?

  • You often have no visibility into your business spend
  • Spend data may be inaccurately classified
  • The maverick spending may increase
  • Your organization may suffer on account of cost savings erosion

The robust Zycus Spend Analysis solution, comprising of AutoClass™, iAnalyze, iMine and iCost modules, assures you this will not happen. We help you manage the organizational spend and identify critical savings opportunities in an easy manner.

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How We Help You

We start by listening to your needs.

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

  • Accurate, consistent, timely, detailed visibility into spending
  • Improved data quality and minimized maverick spend
  • Easy identification of savings opportunities to accelerate decision making
  • Spend data linkage with external market information

To have a look at our product, view demo

Spend Analysis Software Features

AutoClass™

It helps you to classify the spend through:

  • Patented artificial intelligence based automated classification mechanism
  • Ability to handle cryptic, abbreviated and misspelt data
  • Scalable engine which provides classification at the speed of 500k line items /hour to 2 million line items /hour
  • Multiple language support

iAnalyze

It helps you to analyze the spend through:

  • Intuitive graphical reporting with ready-to-use spend reports by category, supplier, payment terms, diversity etc.
  • Power analysis for ad-hoc reporting across multiple dimensions
  • Savings opportunity pipeline to generate actionable savings from spend reports
  • User specific dashboards for easy access to relevant information

iMine

It helps you to find automated savings opportunities through:

  • Built-in, standard category and supplier based savings strategies
  • Easy creation of business constraints for data analysis
  • Creation of addressable spend definitions based on multiple parameters

 

iCost

It helps you to track fluctuating commodity prices through:

  • Identification and calculation of market trends of commodities based on the underlying cost drivers and its prices
  • Ability to track prices of more than 1200 commodities on a monthly basis
  • More than 300 cost models available for both commodities and services
  • Linkage of external market intelligence to internal spending data

To read more about the tool features, download Brochure

Customer Success Stories

Discover how we helped our customers efficiently manage the organization-wide spend and identify new savings opportunity.

“iAnalyze was the big driver for our cost savings, where we were able to set an idea of what our total spend was by operating group and across the globe.”- CARLSON

 

Browse through the customer case studies:

Making Purchase Management Easy for The MENTOR Network

Making Purchase Management Easy for The MENTOR Network

 We had a chance to converse with Scott Fitzgerald, Director of Procurement, The MENTOR Network. Our c...

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Driving Value Through Sourcing and Contract Management at Emirates NBD

Driving Value Through Sourcing and Contract Management at Emirates NBD

We had a chance to converse with Abdullatif Albastaki, Chief Procurement Officer of Emirates NBD. Our c...

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Driving the Spend Analytics Transformation at Cargill

Driving the Spend Analytics Transformation at Cargill

 A global agricultural company with 75 business units, Cargill had a tough time understanding what the...

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Resources

“Knowledge is power.” ― Francis Bacon

We believe in creating value not only through our procurement software but also through sharing of insights. From research reports to whitepapers to webinars, visit our knowledge hub and explore our procurement knowledge bank.

 

Using Spend Analytics for Supplier Categorisation and Management -

Using Spend Analytics for Supplier Categorisation and Management -
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The Evolution of Spend Analysis and the Rise of Big Data

The Evolution of Spend Analysis and the Rise of Big Data

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