AmeriGas Selects Zycus Spend Analysis to Enhance Strategic Sourcing Performance
” PRINCETON, N.J.–(BUSINESS WIRE)–Zycus, a global leader in source-to-pay procurement technology solutions, announced today that AmeriGas will soon begin implementation of the Zycus world-leading Spend Analysis solution.
AmeriGas had been seeking a solution to enable 360-degree visibility across disparate ERP, procurement card, and travel & expense financial spend management systems. “We started with enterprise strategic sourcing about 7-8 years ago,” says AmeriGas Director of Procurement and Fleet Scott Bender. “But we have now taken it as far as we can go with the tools we already had in place. We were looking for a system that would empower us to take procurement and business performance improvement to a new level.”
After rigorous market analysis, Bender says AmeriGas chose Zycus Spend Analysis because the solution is simultaneously robust, easy to learn and use, and features a large range of pre-built standard filtering and reporting capabilities. “Zycus presented the best overall market value,” Bender notes, adding that, “We felt our team members would be able to pick up the tools and start using them right away without requiring technical training. We really wanted a point-and-click tool that would enable us to focus on analyzing our data rather than spending a great deal of time building new technical skills and customizing analysis and reporting filters.”
AmeriGas will collaborate with Zycus to develop a hybrid standard/custom spend-classification taxonomy that suits its industry niche. The company’s enterprise strategic sourcing team will benefit from having monthly spend data refreshes. First up on the team’s agenda will be to boost compliance to existing preferred supply contracts, identify instances of maverick spend leakage, and also potential instances of price variation (same suppliers, different locations). “We see Zycus Spend Analysis as a key tool for helping us to continue with a successful strategic transformation in procurement,” adds Bender.
“All commodity sellers grapple each day with huge business risks deriving from price volatility in both their primary supply and end markets,” observes Zycus CEO and founder Aatish Dedhia. “Each dollar of indirect spending the AmeriGas procurement team can manage to save – and push through to the company’s bottom line – can help to insulate the company from those intrinsic business risks. We are delighted to be the technology solution provider that will equip and aid the AmeriGas strategic enterprise procurement team in its quest to move to an elite level of procurement and business performance delivery.” ”