PRINCETON, N.J.--(BUSINESS WIRE)--Zycus, the leading source-to-pay procurement solutions provider, announced today that Avebe will soon begin a full implementation of its Spend Analysis Solution.
Headquartered in The Netherlands, Avebe is a leading producer of potato starch derivatives, which have many end-use applications in foods, feeds, building materials, adhesives, papers, textiles, and specialty applications in water purification, mining and other industrial processes.
“Our company is all about technological innovation,” says Purchasing Manager, Marc DeKolf. “We are also highly focused on creating long-term environmental sustainability and being socially responsible across our operations and supply chains. Utilizing spend analysis to control and manage our spending will empower us to always maximize investments in the activities we value most highly as a corporation.”
Avebe selected Zycus Spend Analysis following a proof-of-concept test in which Zycus auto-classified and analyzed a comprehensive two-month sample of the company’s actual spending transactions, spanning four languages – Dutch, German, Swedish and English. “With only two months worth of our data, Zycus’ expert analysts were able to find multiple opportunities to resolve price-point variances, to standardize and optimize our payment schedules, and so forth. That got our attention,” says DeKolf. “We were also attracted to the solution’s capabilities for evaluating, prioritizing and otherwise managing a pipeline of actionable savings and other performance-improvement opportunities. The user interface is easy to use and the Zycus team has been exceptionally responsive in supporting us.”
“Every company has a big choice to make when first embarking on a spend analysis initiative,” says Zycus CEO and founder Aatish Dedhia. “They can go cautiously, start with manual categorization and analysis of their transactions, and slowly sensitize their organizations to more disciplined and structured ways of making spend and contracting decisions. Or, they can choose to leverage the accumulated knowledge, expertise and technological leadership of a partner that has been immersed in spend analysis across virtually every industry vertical and continent for more than a decade. We are delighted that a known innovator such as Avebe has chosen the fast-track to enabling its procurement teams to align with and drive key corporate objectives.”
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 is 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, Automotive, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more.