PRINCETON, NJ OCTOBER 19, 2015 - Zycus a world leader in Procurement Technology solutions across the source-to-pay cycle, announced today that a major Tier 1 automotive industry supplier has selected and will soon begin implementation of its complete upstream suite of procurement automation solutions, including Spend Analysis, e-Sourcing, Contract Management, Supplier Management, and Financial Savings Management.
The deal enables substantial expansion to the Tier 1 automotive supplier’s capacities for spend analysis – greater depth and breadth of coverage, faster, more accurate, more precise spend visibility – plus retirement of several internally developed solutions, which had reached end of life, and automation of formerly manual procurement and supplier management processes.
In selecting a complete procurement automation suite, a truly global team of procurement executives conducted a comprehensive, hands-on evaluation, involving major procurement suite providers from all around the world. Key differentiators leading to the Zycus selection were: solution integration; ease of adoption and use; and Zycus’ willingness to develop new workflow functionality within its Supplier Performance Management (SPM) module. The new functionality will enable rigorous management of supplier corrective action requests, delivering a unique process automation capability that will serve the entire automotive industry supply chain.
“Zycus was neither our least expensive option, nor the choice advocated by our IT organization, who would have preferred that we take advantage of substantial credits and cost benefits offered by our ERP provider to entice us to adopt their own procurement modules,” notes the Tier 1 automotive procurement executive who spearheaded the evaluation process and contract negotiation with Zycus. “However, we know from experience that ROI on large technology implementations always relies heavily on achieving broad user adoption, use, and utilization of the solutions as they are intended to be used. The Zycus solutions are at least equivalent for functionality and – by far – the easiest for our teams to learn and use. What is more, Zycus was the only solution provider willing to entertain the idea of collaborating with us to develop innovative workflow functionality that is needed for active supplier performance management across our complex automotive industry supply chain.”
Zycus CEO and founder Aatish Dedhia notes, “While taking on development requests is always a risk that we must consider with great care, Zycus is a global solution provider that is fully committed to driving procurement-led business performance improvement. Our mission is to discover major pain points and inefficiencies in procurement processes and to deliver easy-to-use automation solutions that can be adopted to benefit procurement organizations across all industries. The automotive companies have some of the most complex supply chains and have long been at the forefront of proactive supplier performance management, so it makes perfect sense for us to collaborate with a major Tier 1 auto supplier to continue to drive innovation in Zycus’ Supplier Information and Performance Management solutions.”
Manager- Public Relations, Zycus Inc.
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