BearingPoint leverages Zycus’ Spend Data Management Solution for Global Spend Analysis

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Zycus Inc., the leader in the Spend Data Management suite of software products for Strategic Sourcing, today announced that it has been selected by BearingPoint to provide an automated global spend analysis infrastructure for a strategic sourcing consultancy project at a Fortune 50 company.

“Products from companies such as Zycus have the ability to handle a wide variety of data and extract rich information, irrespective of the quality and descriptiveness of each client's spend data,” said Peter Buettgen, Managing Director, BearingPoint. “This gives us the flexibility to meet the discerning client’s specific demands and objectives.”

Faced by the challenge of deploying a global spend analysis solution in a rapid time frame of under 3 months, BearingPoint started to look beyond conventional solutions that have traditionally revolved around services. “Automation” was identified as a key component to ensuring the success for the project. In addition, the challenge to maximize discovery of savings opportunities meant accurately classifying data to the lowest levels possible levels. “Zycus’ SDM software will aid BearingPoint’s requirement of automatically processing multi-billion dollars of global spend data, in a short time frame, along with deployment of Web-based analytic tools to facilitate “savings discovery” for clients,” said Sandip Maiti, Vice President, Marketing, Zycus Inc.

About Zycus

Zycus is the leading provider of Spend Data Management (SDM) solutions for Global Spend Analysis, Spend Compliance & Master Data Solutions. Zycus' UNSPSC based automated solutions combine cutting edge, patent pending artificial intelligence technology and domain expertise to discover, enrich and manage enterprise spend and master data. Zycus’ SDM solutions boost the effectiveness of e-Procurement, Strategic Sourcing initiatives, and complement existing enterprise applications to deliver increased ROI.

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

For more information, please contact:

Sandip Maiti

Vice President, Marketing, Zycus Inc.

New Jersey, USA

+1-888-451-0145

sandip.maiti@zycus.com

For media enquiries, please contact:

Sreekanth. R

Communication-Lead, Zycus Inc.

+91-98218 86976

sreekanth@zycus.com

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Abhiraj Banerjee