PRINCETON, N.J.–(BUSINESS WIRE)–Zycus, a world leader in Procurement Technology solutions across the
source-to-pay cycle, announced today that it will promote in association
with The Hackett Group (NASDAQ: HCKT), the 2015
Purchase-to-Pay Performance study. The Hackett Group’s study, which
has been one of the most widely-used studies of its type for more than a
decade, is designed to enable organizations to measure performance of
their purchase-to-pay processes against top performing organizations and
a peer group.
“Zycus is taking an active interest in the changing procurement
landscape. Bearing in mind the growing importance and focus on P2P
process improvement, we are happy to collaborate with The Hackett Group
and encourage organizations to participate in this study” said Richard
Waugh, VP Corporate Development, Zycus.
He further added, “Only through measuring and benchmarking baseline
performance against top performers, can organizations gain insights into
their current performance vis-à-vis their competition and also develop
the business case to drive improvements across purchasing operations and
accounts payable.”
Amy Fong, P2P Advisory Program Leader for The Hackett Group said “Our
insights are fact based from over 11,000 benchmark studies and extensive
consulting experiences. The Hackett Group’s P2P Value Grid™ helps
organizations identify the capability and performance gaps. Through this
report, they will gain a framework of 25+ proven best practices to
reduce cost per transaction, increase process efficiency and
effectiveness, and optimize working capital.”
Under this collaboration between Zycus and The Hackett Group,
participating organizations will receive a complimentary customized
report which details their position in The Hackett Group’s P2P
Value Grid™. The value grid compares an organization’s:
-
Performance across 50+ key metrics focused on efficiency
(e.g. cost-per-transaction, cycle times, productivity, etc.) and effectiveness
(e.g. channel strategy, first-pass match rate, early payment
discounts, etc.) -
Level of best practice implementation against 25+
Best Practices, including policy, governance, process design,
technology, and talent management
“In a recent survey we have found that Top Performers continue to lead
in technology enablement while peers still have room for improvement.”
Fong added.
To know more or participate in this study, click
here.
*The Hackett Value Grid™ clearly shows your firm’s performance in
comparison to world-class and a relevant peer group. Only those firms
that reach the top quartile in both effectiveness and efficiency metrics
meet The Hackett Group’s definition of world-class.
About The Hackett Group
The
Hackett Group (NASDAQ: HCKT), is an intellectual property-based
strategic consultancy and leading enterprise benchmarking
and best practices implementation firm to global companies. Services
include business transformation, enterprise
performance management, working
capital management, and global
business services. It has completed more than 11,000 benchmarking
studies with major corporations and government agencies.
About Zycus
Zycus is a leading global provider of procurement solutions suite across
the source-to-pay
and procure-to-pay
cycles. 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.
To learn more about the Zycus, address e-mail to [email protected]
or visit http://www.zycus.com/
