Norwegian industry group deploying Zycus' spend data management solution to gain view of all purchases made by individual units across geographies, languages, currencies Frankfurt, Germany- May 18, 2007- Norwegian industry group Orkla has successfully implemented a spend analysis solution from Zycus to gain better spend visibility across its operations in 13 countries, the solution provider has announced.
A $9.5 billion company, Orkla has implemented Zycus' artificial intelligence-based spend data management software solution, AutoClass. The new spend analysis system, called SMART, will give Orkla an overall view of all purchases made by individual companies within its network.
"This system will make it possible for Orkla to create substantial value and revolutionize the possibilities for collaboration between group companies," said Orkla project manager Edgar Heitmann. "We can see what each company buys, on what conditions and from which supplier. Until now, procurement and strategic sourcing has largely been carried out by individual companies, without exploiting our aggregate strength as a group in relation to the supplier market."
SMART is closely linked to the group companies and the program's common goal of reducing Orkla's total purchasing costs by $165 million by 2009 compared with 2005.
Zycus' AutoClass, a component of its Actionable Spend Analysis solution, is classifying enterprise-wide data for both direct and indirect spend originating from around 40 diverse purchase order (PO), materials management and accounts payable (A/P) systems in 13 languages, including Norwegian, Danish, Swedish, Czech, Estonian, Finnish, German, Latvian, Lithuanian, Portuguese, Polish, Russian and Romanian.
"Zycus' software has been implemented at over 50 Global 500 companies. However, Orkla was a unique challenge because of the large number of languages owed to its significant presence in both Western and Eastern Europe," said Aatish Dedhia, CEO of Zycus. "Zycus — with its AI based software that is language agnostic and can classify spend from multiple, disparate ERP, legacy, e-procurement systems — is uniquely positioned to cater to the spend analysis challenges posed in Europe." |
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