Zycus Spend Analysis Solutions

Manual spend data classification consumes valuable time and people resources that are better spent on business-performance enhancing work.

The Zycus AutoClass engine, recognizes cryptic, abbreviated & misspelled descriptions, overcomes human limitation. It processes 180K-200K records per hour and increases classification accuracy over time.

High spend data and category volume engenders ‘analysis paralysis’ and time wasted with unsystematic approaches to identifying sourcing and spend management opportunities.

Zycus’ iAnalyze directs category managers to savings and other performance improvement opportunities through its features like best practices, standard reporting and guided browsing. It also supports ‘power analysis’ with instant report creation and offers custom reporting (preconfigured based on specific business performance objectives).

Obtaining raw spending data from multiple source ERP and other systems is time consuming, difficult to repeat, and requires reliance on IT personnel who lack specific expertise in spend data normalization and how spend data gets used.

ETL, eliminates the need for system integrators, enables faster, more frequent data refresh and allows changes to metadata and/or extraction logic. All this is completed in as little as 4-6 weeks.

Procurement organizations need systematic approaches for managing and tracking their progress against specific cost savings and other performance improvement objectives.

Performance & Savings management aids in forecasting & evaluating performance outcomes with features like automatic opportunity discovery, powerful matrix for guided and consistent decision making.

Embeds Zycus’ patented AI-powered spend-data classification engine within e-Procurement systems for virtually instant free-text recognition and classification of item and services purchases at point of requisition.

Benefits

Minimizes maverick spending by routing purchases to preferred items, services and suppliers and dramatically improves spend classification especially in indirect spending categories.

Frees procurement professionals from time-consuming and unsystematic approaches to mining spend data for cost savings and other business performance-improvement opportunities.

Benefits

Aids and accelerates opportunity discovery (data sets with highest savings potential) based on standard, best-practice strategies and performance benchmarks.

Aggregates independent price indexes from commodity markets all over the world, exposes and tracks primary cost drivers underlying commodity price movements, and relates external market intelligence to internal spending data.

Benefits

Zycus’ iCost eliminates manual tracking and aggregation of external market intelligence. It supports procurement performance reporting adjusted for market effects thus enabling informed spending and supply chain decision making. It also provides performance management opportunities by identifying when and where suppliers’ pricing deviates from market price and cost trends.