Leading Multinational Luxury Fashion Brand Partners with Zycus for Savings Management

Princeton, NJ, January 04, 2019: Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that a leading multinational luxury fashion giant headquartered in New York has entered into a 3-year agreement with Zycus for their procurement transformation.

The organization is one of the top global luxury fashion brand giants and has several renowned brands operating under its umbrella. With a stout cross channel of its stores across the globe, the organization is operating with more than 1400 stores worldwide.

The organization wanted to upgrade their existing savings management system and improve the process for reporting savings and tracking saving projects globally as it was a manual process, mistake prone and very time consuming. This entailed running multiple reports for finance teams from different business units and very little capacity to merge the reports. They were looking for a way to streamline the process.

As a part of this deal, the organization has licensed Zycus’ Financial Savings Management solution. The client organization is also looking forward to the Spend Analysis, eSourcing and Contract Management solutions from Zycus in the long term.

During the evaluation, Zycus was differentiated from other stand-alone technology providers because of seamless integration and ability to configure the solution to provide the reporting in detail by global division as well as workflow approvals, etc. to fulfill all the requirements that the organization had. They did not find this in competitive solutions.

“Zycus offers a variety of integrated solutions and our Source to Pay software products have been proved to be the best to cater to industrial demands. We’re delighted to have a leading luxury fashion brand on board with us and we surely look forward to a great professional relationship” said Bruce Saunders, Vice President of Sales at Zycus Inc.