World Leader in Consumer Transaction Technologies Advances its Global Procurement Excellence Initiative with Zycus Solutions

PRINCETON, NJ December 23, 2014 –Zycus, the leading source-to-pay procurement solutions provider, announced today that a world leader in consumer transaction technologies has selected its eSourcing and Spend Analysis Solutions.

The selection is part of a corporate-wide Procurement Excellence initiative and is the outcome of a rigorous and highly competitive RFx process, which included multiple proof-of-concept (POC) and hands-on testing phases.

“We looked carefully at all the major procurement suite players,” says Fortune 500 2014 Company’s project lead. “Zycus came out on top for three major reasons. First, the Zycus solutions were fully functional for our needs, yet much easier to use than competing offers. Second, we were looking for a procurement technology partner that is capable of delivering a complete line of fully integrated solutions with a unified user interface (UI) and code base. Finally, we preferred the high-touch customer service and responsiveness demonstrated by the Zycus team. Zycus gave us a strong sense of confidence; they are quite willing and capable of supporting us through every step in our Procurement Excellence initiative.”

Zycus’ deep domain expertise in spend classification and capabilities for handling high levels of spend data complexity – multiple ERP source systems and languages and highly complex bills of materials (BOMs) – was a key deciding factor on the Spend Analysis side for selection. On the eSourcing side, Zycus enabled the organization’s strategic sourcing professionals to conduct extensive hands-on testing of its tools.

“We preferred the high-touch customer service and responsiveness demonstrated by the Zycus team. Zycus gave us a strong sense of confidence; they are quite willing and capable of supporting us through every step in our Procurement Excellence initiative.”

“We are seeing a very strong trend toward long-term advanced planning of technology roadmaps among procurement leaders,” observes Zycus CEO and founder Aatish Dedhia. “Common denominators for these roadmaps are: one version of the truth, seamless solution integration and effortless flow of information from one process step to the next. All of this validates the significant investments Zycus has made in building best-of-breed and fully functional solutions across the entire source-to-settle process, including procure-to-pay, contract management, supplier management and financial savings management. We are very much looking forward to supporting our Forbes Global 2000 for 2014 customer in whatever directions its Procurement Excellence initiative may lead in the future.”