Zycus Among Marketshare Leaders in Automated Spend Analysis in 2007.
PRINCETON, N.J. -- Zycus Inc. (http://www.zycus.com), a global leader in Spend Management software solutions, today announced that Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
FORR Freedom of the Road Riders (Motorcyclists)
FORR Flight Operations Readiness Review ) a leading independent technology and market research company has released a research report on the Automated Spend Analysis Solutions market - "Market Overview 2008: Automated Spend Analysis" (April 2008).
Forrester listed Zycus as one of three vendors which have collectively garnered 64% of market share in 2007.
Anurag Dixit, VP - Marketing, Zycus Inc. said, "We are honored that Forrester has listed us among the top three market share leaders in automated spend analysis in 2007. Zycus pioneered the concept of Spend Data Management and AI based classification for detailed spend visibility. We have continuously demonstrated our commitment and ability to provide innovative solutions that have been adopted by more than 100 companies in 14 countries".
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 A programmable calculator designed by British scientist Charles Babbage. After his Difference Engine failed its test in 1833, Babbage started the design of the Analytical Engine in 1834. 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."
The report also notes that established vendors with rich knowledge bases built from working with many clients have a decided competitive advantage.
Zycus uses patented Artificial Intelligence based software that moves beyond slice-n-dice reports that are difficult to use in an objective and result oriented process. This process based approach allows Chief Procurement Officers A Chief Procurement Officer (CPO) is an executive role focused on supply management for an enterprise.
A report by Aberdeen Group shows a marked acceleration in the significance of procurement's role. to set, manage and track savings and compliance mandates through a transparent and predictable process akin to a sales forecast Sales forecast
A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. . Zycus Actionable Spend Analysis solution presents procurement stakeholders Stakeholders
All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. a platform to aggregate, cleanse cleanse
tr.v. cleansed, cleans·ing, cleans·es
To free from dirt, defilement, or guilt; purge or clean.
[Middle English clensen, from Old English , classify and enrich cryptic cryp·tic
1. Hidden or concealed.
2. Tending to conceal or camouflage, as the coloring of an animal. , multilingual spend and supplier data to build a savings pipeline. This next generation solution can be quickly deployed in a SaaS mode to provide a transparent, automated and repeatable spend analysis solution to achieve consistent savings, year on year, every year.
The report also notes - "The value of spend analysis on a recurring basis is convincing more enterprises to invest in automated solutions. The value is greatest for large, global enterprises with multiple divisions and multiple ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems; because it is almost impossible for them to get a consolidated view of their enterprisewide spending without this kind of product. But smaller companies with a few divisions and a single ERP can also benefit from more granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains.
1. Composed or appearing to be composed of granules or grains.
2. categorization of their spending."
The complete report "Market Overview 2008: Automated Spend Analysis" is available at http://www.forrester.com/Research/Document/0,7211,43066,00.html
For more information on Zycus Automated Spend Analysis solutions visit http://www.zycus.com/solution/actionable-spend-analysis.html
Zycus has recently entered the eSourcing space with the introduction of its Strategic Sourcing suite that addresses the entire process of analysis, planning, supplier evaluation Supplier evaluation is a term used in business and refers to the process of evaluating and approving potential suppliers by factual and measurable assesment. The purpose of supplier evaluation is to ensure a portfolio of best in class suppliers is available for use. and negotiations. Zycus' new solution empowers rapid user adoption resulting in sustained savings through extremely easy to use software that automates the entire strategic sourcing process. For more information on Zycus eSourcing solutions visit http://www.zycus.com/solution/strategic-sourcing.html
Zycus is the world's leading provider of Spend Management solutions to Global 1000 companies. Zycus' solutions suite, comprising of eSourcing and Actionable Spend Analysis tools, combine cutting-edge technology and domain expertise to enable greater user adoption and sustainable savings. Zycus' solutions facilitate greater process planning, control and increased corporate alignment of Spend Management Initiatives.
Innovation & Ease of use is at the core of every Zycus offering. Zycus' Spend Management Solutions help procurement departments of Global 1000 companies Analyze, Plan and Source through an initiative and objective oriented process. With proven Spend Management deployments across the globe with over 100 implementations, Zycus' solutions have emerged as global favorites. Zycus has over 250 employees spread across its offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia Pacific.
For more information about Zycus and its solutions please write to email@example.com or log onto http://www.zycus.com