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Spend Management Overview
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Zycus implemented the solution under extreme time pressures to meet Orkla’s overall plan of reducing spend by approximately 850 M NOK by 2008.” ... “We continue to realize sustainable savings with Zycus
Edgar Heitmann
Sr. Project Manager at Orkla   ASA

Andrew Bartels, VP and Principal Analyst, Forrester Research, Inc. wrote that vendors like Zycus “have been using both rules-based and machine-learning analytical engines for several years, have a rich knowledge base derived from work with many large clients over many years, can handle spend data in many different languages, and can provide good data importing and analytics capabilities.

Andrew Bartels
VP and Principal Analyst,   Forrester Research, Inc
downloads
Aberdeen's Spend Analysis
Benchmark Report 2009
In the quest for higher savings, more spend under management and increased compliance, sourcing executives must turn to their own repository of spend data to effectively identify opportunities for savings and gain a deeper understanding of their corporate spend....
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Spend Analysis Case Study
Spend Visibility Enables Orkla to Save $100 Million...
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The CPO's Agenda 2009 : Smart Strategies for Tough Times
The Chief Procurement Officer's (CPO) agenda have started to converge. In fact, two-thirds of this study's participants believe that the economic downturn has positively impacted the role of the CPO within the enterprise...
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Better Visibility for Greater Saving with Spend Analysis Solution
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Spend Analysis

From Data to Savings

Zycus' Spend Analysis 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 our spend analysis to gain the following benefits:

 
Create Global Spend
Visibility
 
Generate More Savings and compliance
 
Maximize ROI
 
Automated spend data and supplier classification
.Language agnostics, works on poor quality data
.UNSPSC or any taxonomy of choice
.Easy to use spend reports that are designed for sourcing professionals
.Opportunity finder with pre-build saving / compliance identification
.techniques
.Objective, Collaborative and result oriented process
.Prioritize and finalize oppotunities through a pipeline based process
.Leverage existing applications through reuse
.Flexible deployment, SaaS or behind the firewall
.Minimal dependence on IT or external consultants through complete
.automation

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.

Spend Analysis Solution Components
Our 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...

iAnalyze: 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 Spend Analysis
 
Data Extraction
Services
 
Spend Miner
Services
 
iAnalyze
Opportunity Finder
Pipeline based Opportunity management process
Report Explorer
  Autoclass  
  Item Classification  
     
  Supplier Classification  


Zycus' 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 analysis.

Proven Advantage
Our 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 spend 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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