Advanced Savings Management for Procurement-Finance Collaboration
Zycus Financial Savings Management is a collaborative platform that allows you to develop, track & facilitate procurement savings by auto-converting procurement savings into financial measures.
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Three Steps to Better Financial Savings Management with Zycus
Cross-functional Savings
Track & segregate savings across multiple dimensions & functional boundaries.
Improved Compliance
Ensure compliance to different contractual & procurement processes.
Risk Mitigation
Advanced analytics for commodity tracking & cost modelling.
Zycus Financial Savings Management Key Features
- Structure & share procurement cost savings information through a single platform to ensure transparency between forecasted & achieved savings.
- Highly configurable & customizable functionalities for easy planning, building and managing savings pipeline.
- Multi-dimensional savings tracking by sourcing strategy employed or by impact type or by cost savings type.
- Procurement savings auto-mapped to top-line financial measures such as profit & loss, cash flow, cost of goods sold and balance sheet.
- Multi-level automated approval workflows to validate procurement cost savings & collaboration from in procurement & finance.
Zycus Financial Savings Managements' integrated spend enables flipping of spend opportunities into savings projects.
Zycus Advantage
Better Savings Alignment
Brings structure, credibility, and efficiency between procurement contributions & top line business objectives.
Improved Collaboration
Maps and automates existing workflows for efficient collaboration between procurement and finance.
Accurate Reporting
Ensures accurate and transparent reporting of savings.
Resources
Ondemand WebinarUncover the hidden saving potential: How to get deep visibility in your current spend to identify hidden savings opportunities
Success Stories
Success StoriesOne of the largest Asian financial institutions embraces cloud for the first time, with Zycus
Success StoriesA leading retail firm in Philippines transforms its source-to-pay operations with Zycus’ suite of solutions
Success StoriesTECOM transforms its procurement infrastructure with Zycus’ suite of solutions
FAQ's
- Brings structure, credibility, and efficiency to procurement contributions
- Maps and automates existing workflows for efficient collaboration between procurement and finance
- Ensures accurate and transparent reporting of savings
