Solutions

Actionable Spend Analysis

-From data to savings
Zycus' Actionable Spend Analysis (ASA) 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 Zycus' Actionable Spend Analysis to gain the following benefits:

Zycus' Actionable 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.

Solution Components

Zycus' Actionable 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...

Actionable Analytics:

 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' Actionable 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 analytics.

Proven Advantage

Zycus' Actionable 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 visibility
• Achieve savings and compliance mandates through a transparent and predictable process
• Maximize ROI through accelerated deployment and reuse of existing applications