FRANKFURT, Germany, (Business Wire) May 03, 2007- Zycus Inc. today announced that EUR 7 billion Norwegian industry group Orkla (ORK.- NOK 55 bn), has successfully implemented its AI based Spend Data Management software solution, AutoClass, to get spend visibility across it's operations in 13 countries.
The new spend analysis system, called SMART, will give Orkla an overall view of all purchases made by individual companies.
"This system will make it possible for Orkla to create substantial value and revolutionise the possibilities for collaboration between Group companies. 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," points out Orkla Project Manager Edgar Heitmann.
SMART is closely linked to the group companies and the LEAP programme's common goal of reducing Orkla's total purchasing costs by NOK 1 billion by 2009 compared with 2005.
Zycus' AutoClass (component of Actionable Spend Analysis solution) is classifying enterprise-wide data for both direct and indirect spend originating from around 40 diverse PO, MM and A/P systems in 13 languages like 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, eProcurement systems, is uniquely positioned to cater to the Spend Analysis challenges posed in Europe. With this sound footing, Zycus will look to further extend its leadership in the market", he added.
About Orkla
Orkla is a Norway-based industry group active in three principal markets: Consumer Goods, Speciality Materials and Financial Investments. Orkla is operational internationally, with activities in Scandinavia, Eastern Europe, Russia and the Ukraine, America, Asia and the Middle East. Its product range includes food and groceries, cosmetics, hygiene products, fine chemicals, aluminium profiles and solar energy. For more details, log on to www.orkla.com
Zycus is the leading provider of Spend Analysis solutions to Global 1000 companies. With proven spend management deployments across the U.S., Zycus' Actionable Spend Analysis solution, comprising AutoClass & Analytics, combines cutting edge technology and domain expertise to enable superior year on year savings and greater compliance through easy-to-use, transparent, process driven spend analysis. Zycus' products integrate with leading ERP and Datawarehouse applications and are available in Behind-The-Firewall (BTF) and Software-as-a-Service (SaaS) modes.
For more information about Zycus and its solutions, Please write to information@zycus.com or log onto http://www.zycus.com
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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