Zycus, a global leader in source-to-pay procurement technology solutions, announced that a leading global insurance company is moving forward on implementation of the complete Zycus source-to-pay suite, adding three new modules: iSource for e-sourcing, iManage for strategic sourcing process management, and iPerform for supplier performance measurement and management.
The insurer began its transformation journey — from manual to technology-enabled procurement and sourcing processes — back in June 2015, when it first selected the Zycus Contract Management solution following an intensive market due diligence and competitive bidding process. A key differentiator in that initial selection was Zycus’ leading position as a source-to-pay (S2P) full suite provider.
"This is fast-growing global insurance company with big plans for expansion, mainly by acquisition," notes Zycus CEO and founder Aatish Dedhia.
"Their leadership believes that having consistently executed, uniform processes in procurement — backed by a fully integrated technology suite — will enable them to accelerate both the integration of new acquisitions and realization of economies of scale and other benefits.
"They liked the idea that Zycus has built its suite from the ground up, on a unified code base and user interface, versus patching together point solutions through series of mergers and acquisitions. They also liked that Zycus has built all its solutions solely for the procurement and supply management functions, and has involved procurement leaders from around the globe and all walks of industry, including insurance and financial services, in that development process."
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.