Spend Matters Sponsor
Zycus
Spend Matters Analysis: Zycus has succeeded in expanding its solution suite multiple times since Aatish Dedhia, Zycus' CEO, founded the venture in 1998. Initially focused exclusively on the auto classification market for spending data, Zycus has now successfully branched out into a range of areas including spend analysis, sourcing and contract management. In each of these areas, Zycus has chosen to go down a different path than the competition, creating a differentiated approach (e.g., automated sourcing strategy development in spend analysis and straight forward ease of use in e-sourcing). Spend Matters analysis suggests that Zycus is one of the faster growing Spend Management providers with more than seven digits of revenue. Even though Zycus makes significantly less "noise" than some of their competitors, they are growing as quickly and profitably as just about any firm in the market. Their continued growth is based on creating premium solutions that meet the needs of some of the largest and most demanding Global 2000 companies. Companies should consider Zycus as both a standalone best of breed provider as well as a complement to existing or planned ERP Spend Management investments.
Sponsor Description: Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment. Zycus' solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 100 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management. With more than 100 proven implementations world-wide, Zycus' solutions have emerged as the global favorite. Zycus has more than 250 employees across North America, Europe and the Asia-Pacific region.
Spend Matters Analysis:
- http://www.spendmatters.com/index.cfm/2009/4/6/Spend-Matters-Welcomes-Zycus-as-an-Associate-Sponsor
- http://www.spendmatters.com/index.cfm/2008/9/4/Catching-up-with-Zycus
- http://www.spendmatters.com/index.cfm/2008/1/23/Zycus-Gets-Into-the-Sourcing-and-Sourcing-Planning-Game
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