Zycus to Implement Its Source-to-Pay Procurement Software Suite at a Leading National Multiline Property and Casualty Insurer in the US in a Multi-Phased Approach

PRINCETON, NJ, June 30, 2015 – Zycus, a global leader in procurement technology solutions, announced today that its Source-to-Pay (S2P) Procurement Software Suite has been selected by a leading national multiline Property and Casualty Insurer in the US. This is a multi-phase implementation and initially eProcurement, eInvoicing and Supplier Management modules will be implemented.

The leading national multiline Property and Casualty Insurer wanted to fully automate and streamline its Source to Pay (S2P) processes and needed easy-to-use procurement-centric tools. After a competitive evaluation process, Zycus was selected for its user-friendly and intuitive procurement solution, its responsiveness, flexible business and deployment model and strong customer references. Zycus’ leader position in the Gartner Magic Quadrant 2015 for Strategic Sourcing Application Suites also proved to be an influence in the decision making process.

“We are delighted at the confidence shown in our easy-to-use, flexible solution and in-depth knowledge and expertise. This implementation will help to avoid non-compliant, maverick spending, enable a single source of truth for supplier data and increase transparency, visibility, and control across the source-to-pay cycle”

“With this implementation we will gain visibility into spend, invoices and processes across the entire S2P spectrum. This will positively impact the bottom-line performance and support our robust growth trajectory and fast expanding national footprint. This will also give us an opportunity to consolidate all our suppliers on a single platform enabling accurate information, better supplier relationships and compliance,” said the Insurer’s Procurement Director.

The implementation includes seamless integration with the existing SAP ERP. The system is expected to go-live by Q4 of this year.

“We are delighted at the confidence shown in our easy-to-use, flexible solution and in-depth knowledge and expertise. This implementation will help to avoid non-compliant, maverick spending, enable a single source of truth for supplier data and increase transparency, visibility, and control across the source-to-pay cycle,” said Richard Waugh, VP Corporate Development, Zycus.