SOURCE: Zycus Inc


October 15, 2014 12:30 ET

Wearable Technology Seller Gears Up for Growth With Investment in Zycus' Procurement Suite

Selects Zycus to Enable, Automate and Integrate, Enterprise Sourcing and Procurement Processes, End to End

PRINCETON, NJ--(Marketwired - October 15, 2014) - Zycus, a world leader in Procurement Technology solutions across the source-to-pay cycle, announced today that a world-leader in consumer technology and wearable devices has selected its procurement performance suite of solutions, including Procure-to-Pay (P2P), Contract Management, eSourcing and Spend Analysis with options to add Supplier Performance and Supplier Information Management once the core solutions are fully deployed.

"We are a young and very fast-growing company," says the initiative's leader. "We have a big vision for procurement performance and are choosing to invest early to ensure we incorporate lessons learned from world-class, high-performing procurement operations and build the right information infrastructure for our procurement team so they can support our company as we continue our transition from being a small startup to becoming a large global corporation."

Key reasons for the selection of Zycus include solution ease of use and integration capabilities. The California headquartered company will begin its Zycus procurement suite implementation with Procure-to-Pay (P2P), progressing from there through Spend Analysis, Contract Management and eSourcing.

"So many massive global corporations have been forced to spend years -- even decades -- fixing neglected procurement information infrastructures," observes Zycus CEO and founder Aatish Dedhia. "It is particularly exciting to see young companies making clear decisions to invest in building comprehensive information infrastructure for procurement and developing tightly integrated best-in-class procurement processes to support strong business performance through multiple corporate-size tier and complexity transitions. This is a big reason why Zycus chooses to keep its solutions accessible to companies of all sizes and stages of growth."

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.

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