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Zycus to Provide Procurement Solutions to One of the Food Processing Majors

By CIOReview | Friday, February 5, 2016

FREMONT, CA: In an announcement made today, Zycus confirmed that they have been chosen by a leading food ingredients manufacturer to deliver their integrated suite of procurement automation solutions. These solutions will include Contract Management, eSourcing, Performance Management, Spend Analysis, Financial Savings Management, and Supplier Information Management.

Zycus is a global leader in source-to-pay procurement technology solutions and was chosen for its responsiveness and unique consistency across applications in terms of user interface and functionality. “Zycus was patient during the evaluation and very interested in helping us learn how to maximize user adoption, use, and utilization of the solutions throughout our global sourcing and procurement organization,” says the team lead of the leading food ingredients manufacturer. The rigorous requirements for managing supplier certifications, documentation, chain of custody, and other information components that are needed to be fulfilled by a food & beverage ingredients provider are all served by the Zycus solution. “As a large player in global commodity market, we were excited to learn that Zycus could offer, through its iCost solution, up-to-date and consistent tracking of global commodity price indices. This is an important differentiator for Zycus and will reduce some of the burden placed on our lean procurement teams,” added a senior procurement executive of the leading food ingredients manufacturer.

The firm plans to begin implementing the suite with modules of Supplier Management and e-Sourcing and will move on to the other features such as Spend Anal

ysis, Contract Management, and Financial Savings Management. “By moving over to a next-generation, fully integrated platform, they will be capable of moving faster, with far better information than their counterparts in competitive companies that have been slower to invest in developing their capabilities,” concluded Aatish Dedhia, founder and CEO, Zycus.