The restless cost-savings
Everyone is after it-- but it's procurement where
these little cost savings meet the bottom line
But it wasn't always like this
There was a time when procurement were struggling with
with legacy systems, heavy ERPs and inefficient procurement software
Then one day he got a gift- the next generation
comprehensive Zycus Source-to-Pay suite
It was so easy to use that procurement
couldn't stop using it. He made
purchases in a jiffy: Procure-to-Pay has
amazing Amazon-like shopping
experience and the purchase cycle gets
completely automated. Requisitions are
automatically converted to POs ....and no
more paper invoices ! Every spend was
automatically classified
-that's a patented AI engine at work-- the
reports were so detailed and interactive
that he could drill right down and
across to the granular level of spends
on every supplier. That's how he identified opportunities to save more
The real-time commodity price checker
made sure procurement was saving dollars
even on large purchases. So when the prices dropped saving increased
Sourcing event was just a few clicks
away - drag and drop and the rfx is done !
One-click and it's sent to suppliers
Bids come in automtaically and he
could apply any bid optimization strategy
Now that's an awesome way to realize savings
selected the contract was created using
Once the supplier got selected
the authoring piece of contract management came in.
Storing all contracts safely
in the repository --that's the right way
to secure savings with compliance
The chosen supplier was onboarded using
Zycus portal. Supplier information
management electronically stores every
last detail of every supplier
performance management mitigated all
Supplier performance management mitigated all risks
out the clear winners. Thats smart
through performance and brought out clear winners
Finally, all savings were tracked with
Zycus financial savings management and in
collaboration with finance, procurement
made sure they made their way into the books.
But I cannot forget Zycus'
advanced modules that will ease procurement
along this journey: Project management
gave top management visibility into all
projects. Request management enabled
the business users to raise requests to
procurement and the supplier network for
better buyer supplier collaboration .
iOS and Android enabled "Ask-anything" in
Oneview offers a single view of
the Source-to-pay landscape one more
One more thing- every last piece of code is made
in-house --as I guess that's why you get
such seamless integration across the
entire suite . It's time you make your
procurement to hero ! Contact us for a demo