Largest Industrial Gases Company in America Selects Zycus for Spend Analysis

PRINCETON, NJ, April 22, 2015 – Zycus, the leading source-to-pay procurement solutions provider, announced today that the third largest worldwide (by revenue) industrial gases company will soon begin to implement its advanced Spend Analysis solution, including the AutoClass, iAnalyze and iMine modules.

The investment represents a major transition for the organization from manually intensive to fully automated spend visibility processes, providing the company’s strategic sourcing and supply management teams with timely access to consistent and comprehensive business intelligence and empowering them to focus on strategically relevant, value-creating activities.

The U.S.-based global supplier of industrial gases, related equipment & services spends roughly $3 billion per annum on direct and indirect materials worldwide. They will begin it’s spend analysis automation initiative in North America and expand globally from there.

“We were attracted to the Zycus solution,” says Vice President, Global Procurement & Materials Management, “because we recognized the platform is inherently more flexible than other solutions we had been investigating. There are so many different ways we might wish to enrich, analyze and report our spend information and this will continue to evolve and change over time. The Zycus solution has the ability to flex and grow with us as a global procurement organization.”

“We recognized also that Zycus has exceptional domain knowledge – across virtually every industry vertical, geography and language – when it comes to creating custom spend-classification taxonomies and reporting spend in procurement-centric ways. We intend to leverage this knowledge in ways that support our business model and strategic objectives specifically.”

The U.S.-based global supplier of industrial gases, related equipment & services spends roughly $3 billion per annum on direct and indirect materials worldwide. They will begin it’s spend analysis automation initiative in North America and expand globally from there.

“Virtually every global strategic procurement organization reaches an inflexion point where they have the backing from executive leadership, they have buy-in from business stakeholders and best processes and disciplines in place to deliver real savings and other value to the corporation,” observes Zycus founder and CEO Aatish Dedhia. “At that point, they just want to start moving faster and working smarter. They crave better business intelligence and begin to get really creative about how to unleash the vast intelligence that is locked within their massive quantities of business data. Our new customer, the global provider of industrial gases, is right there at that inflexion point and we are very excited to see what they will accomplish when their spend visibility process becomes fully automated and much faster at delivering accurate and relevant insights.”