Ma’aden Chooses Zycus for Global Leadership in Spend Analysis

PRINCETON, NJ January 29, 2015 – Zycus, the leading source-to-pay procurement solutions provider, announced today that Ma’aden also known as Saudi Arabian Mining Company, with major interests in gold, base metals, phosphate, aluminium, and industrial minerals, has selected its advanced Spend Analysis solution, including iAnalyze, and iMine.

Ma’aden is a fast-growing company with five major business lines. In support of the company’s five-year strategic business plan, its corporate procurement team is collaborating with affiliates to design and develop robust and sustainable procurement processes, systems and internal capabilities for Strategic Category Management.

Ma’aden procurement’s immediate objective is “To place majority of spend under rigorous category management, maximize local content, achieve standardization, and deliver target savings across both operating and capital expenditures. To attain its goals, the team needed to improve spend visibility and implement category management practices,” says Ma’aden Corporate Procurement & Contracts Director. Ma’aden identified Zycus as a leading service provider in the spend-data categorization.

Ma’aden identified Zycus as a leading service provider in the spend-data categorization and chose the fast-track to advanced strategic spend and category management by investing in state-of-the-art solutions at the front of a procurement transformation, ie, Zycus.

“Ma’aden is yet another example of a company choosing the fast-track to advanced strategic spend and category management by investing in state-of-the-art solutions at the front end of a procurement transformation,” says Zycus CEO and founder Aatish Dedhia. “Our experienced and knowledgeable implementation teams are very much looking forward to collaborating with Ma’aden in its pursuit of best-in-class sourcing, procurement and supply management processes and performance levels.”