SOURCE: Zycus Inc


August 31, 2015 10:00 ET

Zycus' Latest Pulse of Procurement Research Report Talks About the Procurement Priorities and Benchmarks for 2015

PRINCETON, NJ--(Marketwired - August 31, 2015) - Zycus, a leading provider of source-to-pay procurement solutions, announced the release of an insightful benchmark study which encompasses contributions from 400+ procurement professionals and experts on the present state of procurement and emerging procurement trends for 2015 across various geographies and hierarchies.

The 4th edition of the annual Zycus Pulse of Procurement Research Reports explores:

  • Top procurement objectives for procurement professionals in 2015
  • Insights into the trends in 2015 procurement budgets, as compared to 2014
  • Various critical performance benchmarks, such as contract compliance, cost savings, spend under management, and so on
  • Key 2015 procurement technology developments for major procurement solution sets, i.e. Spend Analysis, Contract Management, eSourcing, Supplier Management, Procure-to-Pay and Procurement Management

Additionally, Zycus' latest research report reveals how improving relationships and engagement with other business functions/suppliers, strengthening governance structures, compliance management, and broadening procurement's scope to other key business performance levers, such as cash flow and inventory, are the imminent focus areas for procurement leaders like CPOs in 2015.

The report, interestingly, observes how companies building their procurement capabilities most aggressively are reaping the greatest rewards and achieving significantly higher performance levels when compared to companies that invest less.

"Effectively controlling expenditure -- even as economic recovery enables a return to at least modest top-line growth -- is a major focus for CPOs and a major contributor to preserving or enhancing profitability," says Zycus CEO Aatish Dedhia. "CPOs are gearing up for this new challenge, focusing on process improvements -- efficiency, execution, and effectiveness -- and forging stronger, more engaged and collaborative relationships with internal business partners and suppliers," adds Dedhia.

To discover more about the procurement priorities and benchmarks for 2015, download the report.

About Zycus

Zycus is a leading global provider of procurement solutions suite across the source-to-pay and procure-to-pay cycles. Our product portfolio includes applications for strategic procurement -- Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management and operational procurement -- eProcurement, eInvoicing. Our spirit of innovation and our passion to help procurement create greater business impact is 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, Automotive, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more. We currently cater to over 300 customers worldwide in 20 countries.

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