Modine Selects Zycus as Partner in Global Procurement Transformation Initiative

PRINCETON, N.J.--(BUSINESS WIRE)--Zycus Inc., a global leader in Spend Management software solutions, today announced that it has been selected by Modine Manufacturing Company , a diversified leader in thermal management technology and solutions, for its Global Spend Analysis project which is part of their Global Procurement Transformation Initiative. The Spend Analysis project encompasses spend across North America, South America, Europe and Asia operations.

Zycus’ Actionable Spend Analysis solution will replace Modine’s homegrown Spend Analysis tool and provide a robust end-to-end analytics solution that leverages multilingual classification capabilities to ensure granularity and consistency in enrichment and classification.

"Zycus' Actionable Spend Analysis has been implemented at over 100 Global 1000 companies. However, Modine is an extremely important project as we will be part of a Global Procurement Transformation exercise spanning 40 facilities across the globe", said Aatish Dedhia, CEO of Zycus Inc. "Zycus’ Spend Management Solutions will help Modine identify, manage and track savings opportunities through an intuitive and objective driven process ensuring greater visibility, process planning and control resulting in sustainable savings", he added.

Greg Kinder, VP of Global Purchasing, Modine noted, “Zycus brought a distinct advantage to the project due to its inherent strengths in spend analysis and data classification across languages. This initiative is part of our five year Procurement Transformation initiative with multi-year global savings targets.”

Yomi Famurewa, CIO, Modine said, “Zycus was a natural selection as it offered a robust tried and tested solution that offers excellent spend visibility extending to line item level.”

With the easy to use Zycus Actionable Spend Analysis tool, Modine’s sourcing leadership will now be able to review, approve and prioritize saving opportunities based on facts and figures, thus creating a funnel of savings activities through a collaborative and transparent process. The tool ensures that savings identification is a repeatable, sustainable process through features such as the Opportunity Pipeline Manager.

Innovative facets of the Opportunity Finder enable commodity managers to identify and realize more savings while Modine’s sourcing leadership is now empowered to create and manage a continuous pipeline of opportunities to meet savings targets. This is comparable to sales leadership creating and managing a prospect pipeline to meet revenue targets. The project also involves data cleansing, enriching, and hosting of the data for the analysis application.

Zycus has recently announced the launch of its Strategic Sourcing suite that addresses the entire process of analysis, planning, supplier evaluation and negotiations. Zycus’ new solution empowers rapid user adoption resulting in sustained savings through extremely easy to use software that automates the entire strategic sourcing process.

About Zycus

Zycus is the world's leading provider of Spend Management solutions to Global 1000 companies. Zycus' solutions suite, comprising of eSourcing and Actionable Spend Analysis tools, combine cutting-edge technology and domain expertise to enable greater user adoption and sustainable savings. Zycus' solutions facilitate greater process planning, control and increased corporate alignment of Spend Management Initiatives.

Innovation & Ease of use is at the core of every Zycus offering. Zycus' Spend Management Solutions help procurement departments of Global 1000 companies Analyze, Plan and Source through an initiative and objective oriented process. With proven Spend Management deployments across the globe with over 100 implementations, Zycus' solutions have emerged as global favorites. Zycus has over 250 employees spread across its offices in North America, Europe and Asia Pacific.

For more information about Zycus and its solutions please write to solutions@zycus.com or log onto http://www.zycus.com

About Modine – www.modine.com

Modine, with fiscal 2007 revenues from continuing operations of $1.7 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, HVAC (heating, ventilation and air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Based in Racine, Wisconsin, the company has approximately 7,800 employees at 33 facilities worldwide. For information about Modine, visit www.modine.com.