Zycus: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

Zycus is one of roughly half-a-dozen true source-to-pay (S2P) platform providers that offer more than lip service across all of the elements that comprise this solution area. In some modular areas, however, its technology is deeper than others.

For example, while Zycus has the RFX and auction functionality found in just about every sourcing platform, it also brings sourcing project management, spend analysis, a supplier network with supplier relationship management functionality and contract lifecycle management. Zycus also brings significant support for downstream procurement with its own native catalog management, requisition management, purchase order management, e-invoicing, payment support and dynamic discounting capability. And threaded throughout the platform is S2P project management support, organizational “ask procurement” support, integrated search and suggest functionality, and the capability to run end-to-end performance metrics.

This Spend Matters PRO Vendor Snapshot continues our exploration of Zycus’ source-to-pay offering by diving into the platform’s strengths, weaknesses and user interface. In Part 1 of this series, we provided an overview of Zycus as an organization, its primary platform modules and key considerations that will help an organization decide whether or not it should be investigating Zycus to meet its source-to-pay needs. In Part 3, we will conclude our coverage with a SWOT assessment, a detailed user selection guide, competition overview and our expert analysis.

Afternoon Coffee: U.K. Says Russia was Behind June Cyberattack, May and Merkel Meet to Discuss Brexit

Russia executed the June “Petya” cyberattack that crippled firms including FedEx, Maersk and Merck, according to British officials. With the Brexit deal stuck again in a near deadlock, British Prime Minister Theresa May traveled to Berlin Friday to meet with her German counterpart Angela Merkel. Afternoon Coffee brings you the latest in procurement and supply chain news.

Business Intelligence to Transform Procurement