PRINCETON, N.J.–(BUSINESS WIRE)–Zycus, a global leader in source-to-pay procurement technology
solutions, announced today that it has been recognized as a Leader by
Forrester Research Inc., in “The Forrester Wave™: Contract Lifecycle
Management For Source-To-Contract Suites, Q1 2019.”
In the report, Forrester has evaluated the source-to-contract CLM
vendors based on 33 criteria which have been grouped into three
categories – current offering, strategy and market presence. Zycus is
identified as one of the eight most significant vendors among contract
lifecycle management (CLM) providers for source-to-contract suites.
As per the report, “[Zycus’] CLM product provides depth of
functionality, ease of use, responsiveness, and rapid speed of
implementation.” The report also noted that Zycus “shows strengths in
CLM and the rest of its suite with AI leadership.”
The report also highlights, “[Zycus’] contract repository and contract
approval features, support for buy-side contracts, and innovative
features in adjoining apps are offsetting strengths, as are its
analytics and AI functions, which are a legacy of its pioneering work in
spend analysis.”
In the Source-to-Contract Suite evaluation for CLM, Zycus has received
the highest possible score for the criteria of Contract Repository,
Contract Approval, Related Buy-Side Applications, Integration,
Globalization, Technology and Corporate Strategy.
“As a company, we focus on being customer centric and building robust
product offerings. It gives us immense pleasure to be recognized as a
leader in the CLM space. We are committed to continue this leadership
and excellence in vision going forward,” says Zycus’ CEO Aatish Dedhia.
Click
here to access the complete report.
About Zycus:
Zycus is a leading global provider of complete Source-to-Pay suite of
procurement performance solutions. Our comprehensive product portfolio
includes applications for both the strategic and the operational aspects
of procurement – Spend Analysis, eSourcing, Contract Management,
Supplier Management, Financial Savings Management, Request Management,
Project Management, eProcurement and eInvoicing. Our spirit of
innovation and our passion to help procurement create greater business
impact are reflected among 300+ solution deployments that we have
undertaken over the years. To learn more about Zycus, visit http://www.zycus.com/.
