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Specialty Biopharmaceuticals Manufacturer Selects Zycus

Written By: Predrag Jakovljevic
Published On: July 17 2014

An unnamed pharmaceuticals manufacturing company in the U.K. focusing on treatments with the potential to have tangible impacts for patients with unmet needs recently selected Zycus’ Spend Analysis solution. Zycus already has more than 200 source-to-pay solution deployments among Global 1000 clients across verticals like manufacturing, automotive, banking and finance, oil and gas, food processing, electronics, telecommunications, chemicals, health and pharma, and education.
 
Amid fierce competition from “usual suspect” competitors, Zycus reportedly demonstrated to the prospect a needed capability and expertise for rapidly and accurately classifying, enriching, and transforming enterprise resource planning (ERP) and other spend transaction data into detailed and procurement-centric views and taxonomy. Zycus uses an artificial intelligence (AI)-based spend classification engine and leverages its deep expertise in analyzing and mining pharmaceuticals’ corporate spending data for performance improvement. The pharma company was also impressed with Zycus’ reporting functionality in the iAnalyze software as a service (SaaS) module in the spend analysis domain.
 
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