Zycus Inc. today announced that EUR 7 billion Norwegian industry
group Orkla (ORK.- NOK 55 bn), has successfully implemented its AI
based Spend Data Management software solution, AutoClass, to get spend
visibility across it's operations in 13 countries.
The new spend analysis system, called SMART, will give Orkla an
overall view of all purchases made by individual companies.
"This system will make it possible for Orkla to create substantial
value and revolutionise the possibilities for collaboration between
Group companies. We can see what each company buys, on what
conditions, and from which supplier. Until now, procurement and
strategic sourcing has largely been carried out by individual
companies, without exploiting our aggregate strength as a group in
relation to the supplier market," points out Orkla Project Manager
Edgar Heitmann.
SMART is closely linked to the group companies and the LEAP
programme's common goal of reducing Orkla's total purchasing costs by
NOK 1 billion by 2009 compared with 2005.
Zycus' AutoClass (component of Actionable Spend Analysis solution)
is classifying enterprise-wide data for both direct and indirect spend
originating from around 40 diverse PO, MM and A/P systems in 13
languages like Norwegian , Danish , Swedish , Czech, Estonian,
Finnish, German, Latvian, Lithuanian, Portuguese, Polish, Russian and
Romanian.
"Zycus' software has been implemented at over 50 Global 500
companies. However, Orkla was a unique challenge because of the large
number of languages owed to its significant presence in both Western
and Eastern Europe", said Aatish Dedhia, CEO of Zycus. "Zycus with its
AI based software that is language agnostic and can classify spend
from multiple, disparate ERP, Legacy, eProcurement systems, is
uniquely positioned to cater to the Spend Analysis challenges posed in
Europe. With this sound footing, Zycus will look to further extend its
leadership in the market", he added.
About Orkla
Orkla is a Norway-based industry group active in three principal
markets: Consumer Goods, Speciality Materials and Financial
Investments. Orkla is operational internationally, with activities in
Scandinavia, Eastern Europe, Russia and the Ukraine, America, Asia and
the Middle East. Its product range includes food and groceries,
cosmetics, hygiene products, fine chemicals, aluminium profiles and
solar energy. For more details, log on to www.orkla.com
About Zycus
Zycus is the leading provider of Spend Analysis solutions to
Global 1000 companies. With proven spend management deployments across
the U.S., Zycus' Actionable Spend Analysis solution, comprising
AutoClass & Analytics, combines cutting edge technology and domain
expertise to enable superior year on year savings and greater
compliance through easy-to-use, transparent, process driven spend
analysis. Zycus' products integrate with leading ERP and Datawarehouse
applications and are available in Behind-The-Firewall (BTF) and
Software-as-a-Service (SaaS) modes.
For more information about Zycus and its solutions
Please write to information@zycus.com or log onto
http://www.zycus.com
