(PRWEB) May 6, 2004
ÂProducts 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,Â said Peter Buettgen, Managing Director, BearingPoint. ÂThis gives us the flexibility to meet the discerning clientÂs specific demands and objectives.Â
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. ÂAutomationÂ 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. ÂZycusÂ SDM software will aid BearingPointÂs 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 Âsavings discoveryÂ for clients,Â said Sandip Maiti, Vice President, Marketing, Zycus Inc.
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. ZycusÂ SDM solutions boost the effectiveness of e-Procurement, Strategic Sourcing initiatives, and complement existing enterprise applications to deliver increased ROI.
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