PRINCETON, NJ January 29, 2016 - Zycus, a global leader in source-to-pay procurement technology solutions, announced today that a leading food ingredients manufacturer will soon commence implementation of its complete, integrated suite of procurement automation solutions, including eSourcing, Contract Management, Supplier Information and Performance Management, Spend Analysis (with advanced commodity tracking), and Financial Savings Management.
With ambitious objectives for enterprise-wide strategic sourcing transformation, the company’s procurement team leader made a strong case to corporate leadership in favor of upgrading the company’s procurement technology to a fully integrated suite of next-generation solutions. “We strive to maintain an exceptionally lean and efficient organization. For our team to meet its’ objectives, it was clear that we would need state-of-the-art, integrated procurement solutions that would be easy for our teams around the world to learn and adopt.”
Through a competitive RFP in which the company evaluated both incumbent and leading procurement solution providers, they were attracted to Zycus for its responsiveness during the evaluation and the solution’s unique consistency across applications both in terms of functionality and user interface. “Zycus was patient during the evaluation and very interested in helping us learn how to maximize user adoption, use, and utilization of the solutions throughout our global sourcing and procurement organization,” says the team lead.
As a provider of food & beverage ingredients, there are rigorous requirements for managing supplier certifications, documentation, chain of custody, and other information components. As such, it will begin its suite implementation with the Supplier Management and e-Sourcing modules, moving on to Contract Management, Spend Analysis, and Financial Savings Management from there. “As a large player in global commodity markets, we were also excited to learn that Zycus could offer, through its iCost solution, up-to-date and consistent tracking of global commodity price indices. The system-generated alerts to significant market shifts will help drive purchase decisions and realize contractual savings opportunities. This is an important differentiator for Zycus and will reduce some of the burden placed on our lean procurement teams,” adds a senior procurement executive.
“The global agribusiness firm joins a growing population of enterprise sourcing organizations that are focused on equipping talented – yet very lean – teams to deliver global competitive advantage via integrated process automation and access to superior business intelligence,” observes Zycus founder and CEO Aatish Dedhia. “By moving over to a next-generation, fully integrated platform, they will be capable of moving faster, with far better information than their counterparts in competitive companies that have been slower to invest in developing their capabilities. The time for fully integrated procurement technology suites has most definitely arrived.”
Manager- Public Relations, Zycus Inc.
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