PRINCETON, N.J.--(BUSINESS WIRE)--Zycus, a global leader in Source-to-Pay procurement technology solutions, announced its partnership with Global Risk Management Solutions (GRMS). GRMS provides companies and organizations with innovative solutions for screening and compliance management of new and existing suppliers, contractors and service providers.
Commenting on the occasion Carl McCauley, Senior Vice President - Sales, Zycus, said, “In recent times, 'knowing your suppliers' and mitigating supply chain risk are top corporate objectives. As a result, enterprises are increasingly looking to Zycus to help them in this endeavor. Zycus’ software solutions and GRMS’ services will empower our clients to understand risk in engaging with a certain supplier and derive actionable insights to make correct decision.”
“GRMS’ services coupled with Zycus’ technology allow our clients to have a clear understanding of the risk in their supply chain as well as other key metrics. A strong well vetted supplier base acts as source of competitive advantage for enterprises. Thus, selecting the right supplier in a scientific manner is critical for organizations,” said Gerard Smith, President at GRMS. “We look forward to working with Zycus and helping their clients better monitor their procurement process.”
“This partnership is a part of our strategic initiative to expand our global network of partners. GRMS would be very instrumental in further strengthening Zycus’ offering, thereby providing an edge over the major Source-to-Pay players in the market,” stated Richard Waugh, Vice President – Corporate Development, Zycus.
About Global Risk Management Solutions (GRMS)
Global Risk Management Solutions (GRMS) is the recognized leader in providing innovative no cost supplier screening solutions that assist companies to reduce exposure to global supply chain risk. GRMS is the only company that can provide a customizable global supplier screening and management program in over 120 countries. www.GlobalRMS.com
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 – Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Request Management, Project Management, eProcurement and eInvoicing. Our spirit of innovation and passion to help procurement create greater business impact is reflected among the hundreds of procurement solution deployments that we have undertaken over the years.
Zycus caters to 250+ customers in 20 countries across diverse industries.