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PurchasingB2B

Zycus inks procurement technology deal

The company will leverage Zycus's eSourcing, contract lifecycle management and supplier management solutions


June 1, 2018
Purchasing B2B

Princeton, New Jersey—Zycus, a provider of end-to-end source-to-pay software suite has announced that it has signed a deal with an American technology company to optimize their combined procurement operations and expenses.

The company offers products and services on non-renewable energy and water resource management. As part of this deal, the company will leverage Zycus’s eSourcing, contract lifecycle management and supplier management solutions.

The company was looking to stabilize its performance and grow through acquisitions and new product development, Zycus said. It also wished to use procurement technologies to insure compliance and mitigate risks in supply chain.

The integration of the suite and agility were the key reasons for the company to pick Zycus as their procurement technology provider.

“We believe this relationship can bring immense value to our customer. They can take advantage of the value our solutions will deliver to help their employees purchase and manage all of their goods and services from the vendors.” said Jeffrey McKinnon, Vice President of Sales – US, Zycus Inc.