Zycus Inc, the leader in AI driven automated purchasing and supply content management solutions, announced today that General Electric (NYSE: GE), one of the world's largest companies, selected Zycus' automated UNSPSC classification engine, (AutoClass), to further drive company-wide adoption of UNSPSC, and enhance spend analyses. The solution, available in real-time and batch classification modes, is designed for use by thousands of requisiteness across the company.
In the "Live Connect" mode, AutoClass classifies all catalog and non-catalog purchases at the source, thus ensuring data integrity. GE users employ AutoClass daily to classify free text procurement requests. Results are received within seconds and assist in providing granular spend classification for GE's purchases. In the 'Batch Connect' mode, AutoClass classifies historical purchase data or inventory data, thus providing ongoing insight into GE's spend landscape and increased inventory visibility.
AutoClass is capable of integration with numerous purchasing systems like Oracle iProcurement, and XML punch-out sites. The solution's ability to handle multi-industry data is an added advantage given GE's diverse range and area of operations.
Commenting on GE's selection of AutoClass, Gary Reiner, Chief Information Officer and Senior Vice President, said, "By classifying all purchasing transactions at the source, AutoClass should provide significant benefits in terms of increased data integrity and superior sourcing decisions brought about by increased spend visibility".
"We are delighted to be working with the world's most admired company. The enterprise-wide deployment of AutoClass will give GE detailed insight into its spend, help monitor and eventually control purchasing transactions. GE has often been an early adopter of cutting edge technology for improving business processes: By providing real-time spend classification for GE's purchasing transactions, Zycus will enhance spend tracking and compliance throughout GE," said Aatish Dedhia, CEO, Zycus Inc.
Zycus is a leader in Spend Data Management™ (SDM) with a compelling vision for enterprises who plan to transform their procurement organization and stay at the cutting edge of Supply Management. SDM is the foundation to cleanse, classify and enrich vendor, master and transactional data that powers on-going global spend analysis. Fortune 500 organizations such as General Electric, Dupont, 3M, Alcoa, US Federal Government Marketplace (GSA) and Unilever along with more than 35 Fortune 500 organizations have already implemented and experienced the power of Zycus software and solutions.
For media enquiries, contact:
Anurag Dixit
Director – Marketing, Spend Analysis Solutions
Zycus Inc.
Ph. +1 888 451 0145;
Email: anurag@zycus.com
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