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Zycus Spend Management Solution

Amplifyd from www.businesswire.com

Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment through superior user adoption to create Maximized Savings. Zycus’ solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 170 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management.

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Emptoris Acquires Spend Data Management Company Intigma

Amplifyd from www.sys-con.com

Emptoris, the leading provider of Enterprise Supply Management solutions for Global 5000 companies, today announced that it has acquired Intigma, a leading provider of spend data management technology. Emptoris customers now have the ability to manage their enterprise spend with full 360-degree visibility into all purchases. Customers will use this insight to fuel cost savings programs that accelerate earnings growth and expand procurement monitoring programs which ensure compliance with mounting regulations. Emptoris, already recognized as a leader in spend analysis and strategic sourcing, further cements its leadership position with this acquisition.

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Spend Analysis versus Spend Intelligence

I believe the phrase “spend intelligence” to be misleading. To me, it sounds like a new take or sub-segment of business intelligence software applications which offer analytics and dashboard capabilities and sit on top of existing systems of record. The problem is that spend visibility and analytics is much more complex, requiring data cleansing, rationalization, classification and other efforts which go far beyond what is needed to gain insight into basic HR, financials, IT and other internal information, which fall cleanly in to the BI camp.Read more at procureinsights.wordpress.com