PRINCETON, NJ, July 21, 2015 - Zycus, the leading source-to-pay procurement solutions provider, announced today that a world leader in supplying pumps, valves, seals, automation, and services provider to the power, oil, gas, chemical, and other industries, will soon begin deploying its complete upstream suite of sourcing, procurement and supplier management applications.
While its enterprise procurement organization and processes are quite mature, the global manufacturer of pumps, valves, seals, instrumentation, systems and controls – had been operating on a custom-built legacy vendor management system (VMS), which required substantial manual interaction and activity. After deciding to invest in state-of-the-art procurement technologies, the company approached Zycus first for its supplier onboarding, performance management and development solutions.
“The fact that Zycus is a truly global organization, with project management resources located around the world, will help us to move quickly in deploying the new suite,” VP adds.
“What began as several distinct initiatives to acquire leading solutions in support of various procurement processes – supplier management, sourcing, contract management, and spend analysis – coalesced into a full-suite initiative as we began talking with solution providers and considering the longer-term performance and value creation potential that an integrated suite could offer,” says Vice President of Procurement. After narrowing the field to just two global suite providers, the company selected Zycus ultimately for its undisputed market leadership in spend analysis.
The implementation of the complete Zycus suite will begin immediately, will extend globally to locations on virtually every continent and is expected to be completed within an ambitious timeframe. “The fact that Zycus is a truly global organization, with project management resources located around the world, will help us to move quickly in deploying the new suite,” VP adds.
“At our HORIZON 2014 procurement leadership conference in Amelia Island, Florida, Gartner Research VP Deborah Wilson presented persuasively on why the timing is ideal for companies to consider complete, integrated procurement suites rather than point solutions,” observes Zycus founder and CEO Aatish Dedhia. “Procurement leaders around the world are coming to realize that they will need to dramatically expand procurement’s value creation and delivery capabilities if they expect to remain major corporate influencers going forward. The integrated suite empowers them and their teams to accomplish this.”
Manager- Public Relations, Zycus Inc.
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