Zycus to Implement Its Source-to-Pay Procurement Software Suite at a Leading National Multiline Property and Casualty Insurer in the US in a Multi-Phased Approach

• eProcurement, eInvoicing and Supplier Management modules implemented in the first phase
• Consolidation of all suppliers on a single platform
• Seamless integration with the existing SAP ERP system

PRINCETON, N.J.--(BUSINESS WIRE)-- Zycus, a global leader in procurement technology solutions, announced today that its Source-to-Pay (S2P) Procurement Software Suite has been selected by a leading national multiline Property and Casualty Insurer in the US. This is a multi-phase implementation and initially eProcurement, eInvoicing and Supplier Management modules will be implemented.

The leading national multiline Property and Casualty Insurer wanted to fully automate and streamline its Source to Pay (S2P) processes and needed easy-to-use procurement-centric tools. After a competitive evaluation process, Zycus was selected for its user-friendly and intuitive procurement solution, its responsiveness, flexible business and deployment model and strong customer references. Zycus’ leader position in the Gartner Magic Quadrant 2015 for Strategic Sourcing Application Suites also proved to be an influence in the decision making process.

“With this implementation we will gain visibility into spend, invoices and processes across the entire S2P spectrum. This will positively impact the bottom-line performance and support our robust growth trajectory and fast expanding national footprint. This will also give us an opportunity to consolidate all our suppliers on a single platform enabling accurate information, better supplier relationships and compliance,” said the Insurer’s Procurement Director.

The implementation includes seamless integration with the existing SAP ERP. The system is expected to go-live by Q4 of this year.

“We are delighted at the confidence shown in our easy-to-use, flexible solution and in-depth knowledge and expertise. This implementation will help to avoid non-compliant, maverick spending, enable a single source of truth for supplier data and increase transparency, visibility, and control across the source-to-pay cycle,” said Richard Waugh, VP Corporate Development, Zycus.

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 strategic and 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 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. www.zycus.com

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Zycus Inc.

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Source: Zycus