Princeton, N.J., September 06, 2016 – Zycus, a global leader in Source-to-Pay procurement technology solutions, announced its partnership with Global Risk Management Solutions (GRMS). GRMS provides companies and organizations with innovative solutions for screening and compliance management of new and existing suppliers, contractors and service providers.

Commenting on the occasion Carl McCauley, Senior Vice President – Sales, Zycus, said “In recent times, “knowing your suppliers” and mitigating supply chain risk are top corporate objectives. As a result, enterprises are increasingly looking to Zycus to help them in this endeavor. Zycus’ software solutions and GRMS’ services will empower our clients to understand risk in engaging with a certain supplier and derive actionable insights to make correct decision.”

“GRMS’ services coupled with Zycus’ technology, allow our clients to have a clear understanding of the risk in their supply chain as well as other key metrics. A strong well vetted supplier base acts as source of competitive advantage for enterprises. Thus, selecting the right supplier in a scientific manner is critical for organizations,” said Gerard Smith, President at GRMS. “We look forward to working with Zycus and helping their clients better monitor their procurement process.”

“This partnership is a part of our strategic initiative to expand our global network of partners. GRMS would be very instrumental in further strengthening Zycus’ offering, thereby providing an edge over the major Source-to-Pay players in the market.” stated Richard Waugh, Vice President – Corporate Development, Zycus.