Spend Data Management
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Actionable Spend Analysis
Is quality data the cornerstone of successful spend analysis? Most of us would say yes without hesitation...
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Aberdeen's Spend Intelligence Report
Automation is the lynchpin to a successful spend intelligence program. The goal for a spend intelligence program is the auto-classification of all spend data...
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Spend Data Warehouse White Paper
have long been in vogue- Sourcing managers face humongous
challenges in getting meaningful insight that can help them design better sourcing strategies
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UNSPSC for better Spend Analysis
UNSPSC allows commodities and products to be properly and uniquely classified, so that companies can track purchasing patterns more efficiently...
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Unilever case study
 
 
 
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Foundation for improved sourcing and procurement initiatives-
Spend Management initiatives hit serious roadblocks due to bad data quality. The more dispersed the organization around the world, higher is the severity of this problem.

 



“Spend data” that is typically generated in “upstream processes” like Purchase Requisition, Purchase Orders, Catalogs or Material Masters and “downstream processes” like Invoice, Pro-Card statements is often fragmented and inconsistent, and lacks a common coding structure. Aggregation of such data, classification to one standardized schema, and enriching the same with structured attributes, is a Herculean task that cannot be done without making the right investment in Spend Data Management software.

Senior Management at leading Fortune 500 organizations i.e. the CPO and CIO, are launching massive data management initiatives to tackle persistent problems that cannot be wished away any further. The TOP 4 pain areas, identified by leading analysts and researchers in conjunction with our customers that have a significant impact on any enterprise spend management ROI are as follows:

 
  • Enterprise-wide detailed spend visibility for Spend Analysis
  • Inefficient “Procure to pay” process in an e-Procurement system
  • Low adoption of catalog based purchases and preferred suppliers
  • Product & Part proliferation in dispersed item-masters
 

The Zycus Spend Data Management™ software suite has already enabled leading enterprises around the globe to solve these problems. Leveraging Zycus’ software, Spend Management solution providers have architected end-to-end SDM solutions on customers’ existing IT infrastructure.

 
Spend Data Management Solutions
 
Related Information
Spend Analysis NXT
Zycus knowledge repository tracing from the origin of Spend Analysis to the latest trends and happenings...
UNSPSC Classification
Get the answers to all queries you have about implementing UNSPSC across your enterprise...
Aberdeen Group White Paper
Aberdeen Group’s Spend Data Management White Paper - Unlocking the Value Across the Extended Enterprise...
   
 
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