PRINCETON, N.J.--(EON: Enhanced Online News)--Zycus, a world leader in Procurement Technology solutions across the source-to-pay cycle, announced today that it has been placed among the top Procure-to-Pay vendors in PayStream’s 2016 Procure-to-Pay (P2P) Navigator report.
“simple and intuitive shopping experience through a dynamic interface, and high transparency into product and supplier details. The solution has leading functionality in the electronic requisitioning and PO creation category, as well as in catalog management and requisition workflow and approval.”
With the purpose of providing a comprehensive analysis of the top P2P solutions available in the market, the P2P Navigator report by PayStream evaluated 15 vendors and scored them across 12 different categories such as Electronic Requisitioning, Catalog Management, Purchase Order Management, eInvoicing, Goods Receipts and Supplier-Side capabilities.
Zycus is featured in the report with leading functionality in eProcurement software, offering a “simple and intuitive shopping experience through a dynamic interface, and high transparency into product and supplier details. The solution has leading functionality in the electronic requisitioning and PO creation category, as well as in catalog management and requisition workflow and approval.”
“We are excited to be featured in PayStream’s 2016 P2P Navigator”, says Richard Waugh, Zycus VP, Corporate Development. “Our primary focus when we entered the P2P market was to ensure a simple procurement experience for even the casual users, thus ensuring high adoption across the organization.”
As part of the scoring process, PayStream received extensive product demonstrations with each provider, during which the provider’s solution was evaluated against an extensive list of over 1,000 individual criteria.
“Zycus has reported substantial growth in the last year, with many clients purchasing the entire source-to-settle suite rather than only a few modules” cites Jimmy LeFever, Director of Research and Consulting for PayStream Advisors.
“P2P solution requirements have evolved over time,” Waugh notes, “and currently we see a clear preference for a unified Source-to-Pay platform with the same user experience and well-integrated processes that leverage the same consistent data throughout to ensure a single version of the truth. Zycus is committed to providing an integrated S2P solution which embeds supplier information, contracts, and line item categorization and coding at the point of requisition, ensuring a compliant, seamless, and efficient process flow from source-to-settle, yielding optimal purchase price and process cost savings along with valuable business intelligence analytics and insights.”
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.