Zycus Inc. (http://www.zycus.com), a global leader in Spend Management software solutions, today announced a significant expansion of its Spend Management Suite, adding new Strategic Sourcing modules with the introduction of version 5.0. Moving beyond eAuctions, the new solution addresses the entire strategic sourcing process of analysis, planning, supplier evaluation and negotiations.
Even as companies have attempted to automate their entire Spend Management process, end-to-end enablement and consistent adoption has remained elusive. As a result, many procurement organizations have used sourcing tools sporadically with an emphasis only on eAuctions. This has led to lower user adoption, not to mention strategy development and planning occurring outside of the core solution suite, limiting knowledge captured throughout the entire process and introducing significant inefficiencies.