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Designer and Manufacturer of Electronics Components Chooses Zycus to Achieve 360° Global Spend VisibilityPRINCETON, N.J. --(Business Wire)-- Zycus, a world leader in Procurement Technology solutions across the Source (News - Alert)-to-Pay cycle, announced today that the global designer and manufacturer of highly engineered electrical and electronic components will adopt its Spend Analysis solution. With four strategic business units (SBUs) operating in parallel throughout North and South America, Europe and Asia, the Ohio headquartered company's spend data is expressed in four languages - English, Chinese, Spanish and Portuguese. An additional complexity challenge for this global organization is the need to normalize for diverse part-numbering systems (same parts, different numbers) specified in various automotive customers' bills of materials (BOMs). "We knew from collaborating with Zycus in other complex global manufacturing environments that its AutoClass solution would be up to the tasks of rapidly and accurately normalizing our spend transaction data across multiple languages and analyzing product descriptions to ensure accurate classification of same and similar items with different part numbers," says the program team leader. "Nonetheless, we conducted an in-depth proof-of-concept (POC) with Zycus to demonstrae to our SBU leaders that the results would be both accurate and valuable for supporting both global enterprise and SBU-level strategies and business performance objectives." "Back in the late 1990s," says Zycus CEO and founder Aatish Dedhia, "when global corporations were just beginning to get serious about the idea of enterprise spend visibility, we foresaw that it would never be possible to fix or standardize the source data for spend analysis. We also understood that businesses - and their spending data - would continue to change over time. So, we built a Spend Analysis solution that would be undaunted by complexity and change. In the ensuing years, our model has acquired broad and deep expertise across many industry verticals (including automotive), which makes us uniquely qualified to address the most challenging obstacles that enterprise procurement teams face. We are excited to be supporting this new customer of ours on its journey to 360°global spend visibility." About Zycus Zycus is a leading global provider of complete Source-to-Pay suite of procurement performance solutions. Our comprehensive product portfolio includes applications for both the strategic and the operational aspects of procurement - eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management. Our spirit of innovation and our passion to help procurement create greater business impact are reflected among the hundreds of procurement solution deployments that we have undertaken over the years. We are proud to have as our clients, some of the best-of-breed companies across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more. To learn more about the Zycus, address e-mail to [email protected] or visit http://www.zycus.com/
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