Spend Analysis is a key enabler to implementing strategic sourcing. However, without the right tools and knowledge of best practices and processes, spend analysis can be a painful and low ROI task. Zycus Acquisition Spend Analysis automates the process of capturing, cleansing, classifying, reporting and analyzing spend data to provide an agency-wide, detailed view of spend. It drives the success of your strategic sourcing initiative by identifying savings opportunities and savings realization, and helps you make the most of each dollar spent.
Embraced by federal early adopters – AFNAFPO, DHS, GSA,
Drives spend analysis at Fortune 500 companies – GE, Honeywell, Unilever, 3M, Alcoa, Capital One etc.
Best in class
Combines cutting edge artificial intelligence technology with best practices and processes from the commercial world
Scalable and fast; can handle huge volumes of data
Automated, end to end
100% software takes care of all the steps from data extraction to detailed analysis
Fixes data quality issues – industry leading auto-classification and auto-cleansing software takes care of the painful task of cleansing and classifying acquisition spend data
Drives process improvement
Repeatable - helps you get started (Wave 1 strategic sourcing) as well as drive incremental savings; enables real-time analysis
Improves data quality and enforces control
Secure
Behind the firewall
You retain control of your data
Uses UNSPSC - the global classification standard for spend analysis
Automatic mapping of FSC codes to UNSPSC
Enables drill-down into as well as roll-up of spend categories
For Chief Acquisition Officers/Strategic Sourcing Directors: detailed agency wide spend visibility, quick time to value – helps meet and exceed savings targets and deadlines, automation and repeatability - ongoing savings identification, increased control over maverick (off-contract) spend
For Commodity councils/Commodity managers: detailed view of commodity spend, identification of savings opportunities through spend mining
For Chief Financial Officers/ Financial Controllers: enhanced expenditure reporting, ramp-up model that facilitates solution acquisition
For Chief Information Officers: easy integration with existing infrastructure, lower TCO.
