PRINCETON, N.J.--(BUSINESS WIRE)--Zycus, a global leader in source-to-pay procurement technology solutions, today released its industry-coveted annual research report, ‘Pulse of Procurement’. The 2017 edition of the report provide detailed insights into the current challenges faced by global procurement professionals and how they see the function evolving in years to come.
The respondents are a representative mix of professionals from different roles and responsibilities. 24% respondents are from top management consisting of CPOs, VPs and Directors, 43% respondents are from manager-level and 34% respondents are from executive-level.
Some of the key insights highlighted in the report are as follows:
- Focus areas for procurement teams in 2017
- Pain points for the procurement industry
- Benchmarking statistics for procurement maturity, compliance and spend under management
- 5 year vision of procurement technology
“We are happy with growing participation of procurement professionals in the study and are thankful to them for sharing their outlook with us. We hope procurement professionals will find the report informative,” said Zycus CEO and Founder, Aatish Dedhia.
To read the first part of the report, professionals can download a copy here.
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, Financial Savings Management, Project Management and Request 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.
Zycus caters to 250+ customers in 20 countries across diverse industries.