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Spend Management Overview
Actionable Spend Analysis
AutoClass
Analytics
Strategic Sourcing
Supply Market Scan
 

Because of the sheer volume and complexity of spend data within an enterprise, SDM must be enabled through use of business applications and services that automate labor-intensive classification, enhancement, and analysis activities and that can organize spend data at a detailed, attribute level - all on a repeatable basis.
Tim Minahan
Aberdeen Group
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Strategic Sourcing in EMEA
Benchmark report for your overall success of your Strategic Sourcing programs... Download Now!
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Aberdeen's Spend Analysis
benchmark Study 2007
Sixty percent of organizations currently rely on manual tools to collect and analyze spend data, resulting in limited spend visibility and the inability to improve cost savings... Download Now!
 
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UNSPSC Classification
Spend Management
 
 

 
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Solutions
Actionable Spend Analysis

- From data to savings

Zycus' Actionable Spend Analysis (ASA) solution takes Global 2000 companies from raw, unstructured spend data to savings. It enables organizations to create automated and repeatable processes for identifying savings and compliance opportunities. More than 50 Fortune 500 customers today are using Zycus' Actionable Spend Analysis to gain the following benefits:



Zycus' Actionable Spend Analysis software moves beyond slice-n-dice reports that are difficult to use to an objective and result oriented process. This process based approach allows Chief Procurement Officers to set, manage and track savings and compliance mandates through a transparent and predictable process akin to a sales forecast.

Solution Components
Zycus' Actionable Spend Analysis solution (see figure), comprises two main modules, which are:

AutoClass: An Artificial Intelligence based classification software that runs multiple algorithms to classify cryptic, multi-lingual and disparate data accurately, consistently and granularly into UNSPSC or any schema of choice. Read more...

Actionable Analytics: A Spend Analytics application that commodity managers can easily use to quickly find savings and compliance opportunities and strengthen spend statistics. While senior management can use the "Opportunity Pipeline" process to validate and finalize these spending statistics/savings opportunities in order to enable the sourcing organization to track and measure its performance against these goals. Read More...


Zycus' Actionable Spend Analysis solution architecture

Apart from the software components, Zycus also offers value added services for spend data extraction and Spend Miner services for opportunity identification and spend analytics.

Proven Advantage
Zycus' Actionable Spend Analysis is recognized as the leading spend analysis software solution by leading analysts and media. Zycus' solution is the only procurement spend analysis solution that enables customers to:
  • Find maximum cost savings opportunities without external help
  • Manage 100% of enterprise spend through superior visibility
  • Achieve savings and compliance mandates through a transparent and predictable process
  • Maximize ROI through accelerated deployment and reuse of existing applications
 
 
 
 

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