|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.|
|Phil McDonald, Director, Sourcing Operations, Carlson|
Getting to Global Spend Visibility
Brian Jones, Procurement Excellence Technology Manager, Nestle
|Leveraging technology to drive business performance|
Zycus Spend Analysis Solutions
High performing businesses take countless pathways to excellence - innovation, finance, operations, supply chain, quality, customer focus, marketing, and so many more. No matter which paths to excellence your enterprise chooses, the comprehensive Zycus Procurement Performance Solutions suite offers tightly integrated and customizable solutions that automate work and place procurement leaders at the heart of competitive business performance management.
AutoClass - Patented AI powered spend data classification engine
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.
iAnalyze - Easy-to-use reporting solution focused on spend visibility & savings
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).
ETL - Extraction, Transformation, Loading
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.
Performance and Savings Management
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.
|Spend Analysis Innovation
Zycus knows that procurement leaders and their organizations have an extraordinary array of opportunities for driving top-line business performance improvement. With its intense focus on customer-driven innovation and a central mission of positioning procurement at the heart of competitive business performance, Zycus has added three advanced modules to its Spend Analysis Solution:
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.
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.
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.
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.
|Learn more about Zycus Spend Analysis software. Download the datasheet|