Leading US Based Chemical Company Signs a Deal with Zycus to Enhance Its Savings Potential and Automation

PRINCETON, NEW JERSEY – MAY, 30, 2018 – Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that it has signed a deal with a leading US-based chemicals company to help enhance its savings potential and procurement process automation.

The global chemical company has over 15 manufacturing units spread across 10+ countries. The company manufactures basic and intermediate chemicals like polymers, surfactants and custom-made chemical products. As part of this deal, the company has licensed Spend Analysis and Financial Savings Management solutions from Zycus.

The primary objective of the organization is to streamline the global reporting process that will facilitate improved and sustainable analytics. The company plans to leverage Spend Analysis for accurate spend classification, tracking of global commodity prices and analyzing spend patterns that will drive visibility. Leveraging Financial Savings Management, the company aims to effectively track global savings and ensure accurate and transparent reporting of savings. Zycus’ easy-to-use solutions coupled with the responsiveness factor played a determining role in this deal.

“It is a pleasure to onboard and work with one of the leading chemicals manufacturer in the world. The combination of Spend Analysis and Financial Savings Management is the most strategic step towards optimizing the savings cycle at any organization and Zycus is happy to assist the company by utilizing our state-of-the-art software applications.” said Bruce Saunders, VP Sales – US, Zycus Inc.