Working together, we are connecting businesses with insightful supplier data when and where they need it. Companies that adopt these tools can strengthen their procurement processes and better align key resources and corporate initiatives.
Princeton, NJ (PRWEB) July 22, 2011
Zycus, a world leader in Spend Management Solutions, announced today that it is working with Equifax Inc. to give businesses greater visibility into supplier relationships and corporate spend across their enterprises. Now, businesses using Zycus solutions can take advantage of Equifax’s extensive data management services, which will be linked in real time into the Zycus spend management suite of applications, to help them leverage their information assets more effectively and improve strategic sourcing, spend management and supplier diversity programs.
Through this relationship, Zycus Spend Analysis (SA), Supplier Information Management (SIM) and Supplier Performance Management (SPM) solutions will leverage the Equifax master data management database, with information on more than 45 million businesses worldwide. Zycus customers also gain access to the EFX ID®, a nine-digit identifier that links together an organization’s divisions, subsidiaries and locations into a global corporate hierarchy.
“Each corporate entity has its own data blueprint and unique view of the world,” said Anurag Dixit, Vice President of Marketing at Zycus. “The real time linkage, combined strength of Equifax’s extensive business data assets and Zycus’ leading software solutions provide an incredibly powerful platform for strategic sourcing and spend management initiatives. We are excited to bring this enrichment to our customers and look forward to observing the innovative ways in which they will use the information to create unique benefits for their companies.”
By enriching Zycus’ solutions with Equifax data services, businesses benefit from a clear, consolidated view of supplier information across multiple data sources. Benefits include reduced costs, improved procurement compliance and greater ROI from supplier relationships.
“To leverage buying power and minimize risk in today’s marketplace, businesses need a 360° view of their supplier base across all financial systems and business units,” said Mike Zier, Senior Vice President, Equifax Commercial Information Solutions. “Working together, we are connecting businesses with insightful supplier data when and where they need it. Companies that adopt these tools can strengthen their procurement processes and better align key resources and corporate initiatives.”
“This partnership will enable Zycus’ customers to achieve best-cost country sourcing objectives, comply with diverse tax, regulatory and socioeconomic program requirements and ensure continuity of supply while understanding their overall balance of trade with specific suppliers,” says Arthur Raguette, Vice President of Business Development for Zycus. “This real time linkage and collaboration equips businesses with the information they need to easily locate suppliers for eSourcing events and enable faster and more accurate on-boarding of suppliers for Zycus SIM Solution users.”
Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment through superior user adoption to create Maximized Savings. Zycus’ solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 200 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management.
With more than 200 global proven implementations, Zycus' solutions have emerged as the global favorite. Zycus has more than 400 employees across North America, Europe and Asia-Pacific. To learn more about Zycus, e-mail firstname.lastname@example.org or visit http://www.zycus.com.
About Equifax (http://www.equifax.com)
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, Equifax leverages one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Businesses – large and small – rely on Equifax for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. Equifax empowers individual consumers to manage their personal credit information, protect their identities, and maximize their financial well-being.
Equifax Commercial Information Solutions is the leading provider of small business intelligence. Equifax provides the information and expertise necessary for companies to best understand and manage their dealings with small business customers, prospects and suppliers. Equifax’s best-in-class commercial credit risk data, combined with highly predictive scoring, corporate linkage, and innovative technology, enables companies to make quick, confident credit decisions and minimize potential losses. Leveraging our EFX ID® keying and linkage technology, companies can also gain greater visibility into their supply chain as well as improve the precision of their sales and marketing efforts – from customer acquisition to retention and expansion.
Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 15 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor’s (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange.