PRINCETON, N.J.--(BUSINESS WIRE)--Zycus, a world leader in Procurement Technology solutions across the source-to-pay cycle, announced today that it has, once again, been positioned in the Leaders quadrant of the latest Gartner Magic Quadrant for Strategic Sourcing Application Suites1.
The Gartner Magic Quadrant published on February 4th measures competing solution providers on two vectors: completeness of vision and ability to execute. Zycus has been recognized as a Leader for the second consecutive year and has been positioned the highest for ‘ability to execute’. We believe this recognition reflects Zycus’ ability to delight customers and facilitate their return on investment through relationships, services, policies and programs. Customer Experience is one of the key variables for Gartner to measure vendors on their ‘ability to execute’.
“The procurement solutions landscape has changed rapidly and dramatically over the past year, with the Gartner MQ Leaders quadrant for our category showing just half the number of competitors compared to 2013,” observes Zycus CEO and founder Aatish Dedhia. “We believe our continued – improved – leadership positioning validates the core values we hold here at Zycus. It is gratifying to know our customers are willing to share their experiences with independent researchers such as Gartner and plan to further expand their use of our integrated procurement suite. In the coming years, we hope to continue this leadership both in execution and vision. We feel being at the helm of the integrated source-to-pay phenomenon is going to be a key focus area for Zycus, moving forward.”
Note: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Zycus is a leading global provider of procurement software suite comprising of modules for both the upstream and the downstream parts of the Source-to-Pay cycle. Our product portfolio includes applications for strategic procurement- Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management and operational procurement- eProcurement, eInvoicing. 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.
1 “Gartner, Magic Quadrant for Strategic Sourcing Application Suites, published February 4, 2015]” by Deborah Wilson, Richard Adams, Magnus Bergfors