Petrochemical Giant chooses Zycus to upgrade its Enterprise Spend Analytics Capability

PRINCETON, NJ- JUNE 17, 2014 – Zycus, a world leader in Procurement Technology solutions across the Source-to-Pay cycle, announced today that one of the largest gasoline manufacturing and distribution companies in the United States has selected its advanced iAnalyze and iCost solution modules for integrated spend and market analysis.

The Philadelphia, PA-based global energy giant, elected to implement an advanced and integrated spend analytics capability because it wanted to establish 360° visibility across a broad array of complex spending categories – including IT, HR, Marketing, Engineering, and MRO – at a level of detail that would empower its sourcing teams to develop and pursue highly refined supplier leverage, standardization and other business performance improvement strategies. “We know we have additional opportunities to aggregate and standardize our spending among internal functions and to pursue market leverage in innovative ways,” says the Senior Sourcing Specialist of the company. “But, to refine our procurement and sourcing strategies, we needed to be able to dive into our spending data in much greater detail than we are able to do today.”

Zycus was selected after evaluating numerous service providers. In addition to seeking a solution that could provide the most granular views of spending, Senior Sourcing Specialist says, the company’s management team mandated that new solution should also be easy to implement, easy to use and flexible enough to adapt to the company’s information infrastructure and other specific requirements. “We chose Zycus mainly for its flexibility and the quality of its solutions,” adding that, “We were also attracted to the idea of being able to view our spending in context of market price and cost trends (iCost) so we can better isolate the true influence of our procurement strategies on business performance.”

In addition to seeking a solution that could provide the most granular views of spending, Senior Sourcing Specialist says, the company’s management team mandated that new solution should also be easy to implement, easy to use and flexible enough to adapt to the company’s information infrastructure and other specific requirements.

Implementation of the Zycus integrated spend analytics solutions is already underway at the 2012 Fortune 100 Company.

“There comes a time in every enterprise procurement team’s strategic evolution when they have experienced the thrill of delivering massive cost savings and other performance improvements to the business,” observes Aatish Dedhia, CEO of Zycus. “They begin to crave better and more detailed intelligence in order to keep their pipelines filled with increasingly advanced performance improvement opportunities. They come to understand that their abilities to establish true market power stem from connecting all the various bits of procurement business intelligence into broad and cohesive views. Our single-minded goal at Zycus is to offer a complete suite of procurement information and workflow solutions that can make this vision of connected procurement intelligence an everyday reality.”