PRINCETON, NJ APRIL 21, 2016 - Zycus a world leader in Procurement Technology solutions across the source-to-pay cycle, announced that leading global law firm will soon begin implementation of its Procure-to-Pay (eProcurement, eInvoicing) and Contract Management solutions. The investment is an initial step towards complete technology enablement for the legal giant’s sourcing and procurement organization.
The firm’s investment in Zycus Procure-to-Pay and Contract Management solutions represents a move from primarily manual to technology-enabled procurement, strategic sourcing, and spend management capabilities. “The law firm is blazing a trail for the legal services industry, which has not typically focused in the past on using procurement best practices and disciplines to manage and leverage spending from an enterprise level,” observes Zycus founder and CEO Aatish Dedhia. “Our Procure-to-Pay and Contract Management solutions will assist in building a procurement information infrastructure and business-intelligence platform from which it can actively manage cost competitiveness, profitability, internal compliance, client experience, and other firm performance objectives.”
After conducting a rigorous evaluation of leading procurement point solution and suite providers from around the globe, Zycus was chosen for several reasons. Some of which were to achieve real-time spend analytics with accurately coded and classified transactions at point of purchase, rather than after the transaction.
Other unique Zycus features, such as Guided Procurement System (GPS), which actively guides people to preferred, strategic spending decisions as well as the Zycus solution’s ability to easily handle all types of transactions — catalog and non-catalog, contract and non-contract — were also a key selection criteria.
Finally, the law firm was attracted to the longer-term potential in the Zycus integrated suite of procurement technology applications. Procure-to-Pay and Contract Management are first steps for them and they wanted to be sure that, a few years down the road, they would be positioned to sustain and push their performance contributions to even higher levels with automated and effective spend analytics, strategic sourcing and other capabilities.
Manager- Public Relations, Zycus Inc.
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