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