Princeton, New Jersey, USA, March 29, 2019: Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that an American multinational manufacturing company has signed a 3-year contract for Zycus’ spend management solution.
The organization is a privately-held company located in more than 30 countries and has more than 10,000 employees. The organization creates and manufactures innovative products derived from fluoropolymers.
The organization wanted to gain visibility into their global spend data. Their goal was to improve category management and strategic sourcing as a result of improved visibility. As part of this deal, the company has licensed Zycus’ solutions that include iAnalyze with iMine.
The organization was looking for some specific capabilities in the automation tool. Some of them were:
- Implement “out of the box” category tree structure recommended by the procurement team members.
- Include indirect spend data from all global locations and source data systems.
- Categorize spend data which identifies potential savings opportunities.
- Strong integration with all the ERP systems that they are using.
Zycus’ solution was highly appreciated for its ability to support the organization’s requirements in terms of in-depth functionality and ease of use. They were also impressed with Spend Miner-Find automation tool that helps in finding savings opportunities through easy creation of business constraints for data analysis.
“We were much focused to partner with the customer and understand their requirement. Zycus’ spend data management address all the challenges of enterprise spend data classification. It elaborates on the processes that can help the organization successfully extract actionable information from your spend data which in turn can help them create strategic sourcing initiatives and achieve savings.” said Bruce Saunders, VP Sales, Zycus Inc.
About Zycus Inc.
Zycus is a leading global provider of an end-to-end Source-to-Pay Software suite. Zycus’ comprehensive product portfolio includes applications for both the operational and strategic aspects of procurement. To learn more about Zycus, visit http://www.zycus.com/