Zycus Content

Personality Traits of a Successful CPO

Spend Matters welcomes this guest post from Diptarup Chakraborti, vice president of marketing at Zycus.

It is said that a person’s leadership capabilities are tested in challenging situations. For a CPO, challenges are part and parcel of the routine. Since procurement touches every business function, a CPO’s attitude and style of functioning can have an organization-wide impact. So what are some of the personality traits that define a successful CPO?

The Role of Technology in Green Procurement

Spend Matters welcomes this guest post from Zycus

While researchers and innovators are focused on finding ways to make our lives easier or provide the same products at less cost, procurement is tasked with the challenge of making sure that such new technologies do not cause harm to our environment.

ERP is Your Hero, But are Procurement Execs Missing a Superhero?

Spend Matters welcomes this guest article by Poulami Mukherjee, marketing, Zycus.

In the recently released Pulse of Procurement 2015 Report, 64% of procurement execs have reported automation in place for their procurement processes, with 46% relying on ERP modules. ERP, without a doubt, is the key system that organizations bank on when it comes to a single source of truth for its various financial transactions. However, can procurement execs handle their challenges with this organizational “hero?”

Final Thoughts From Zycus Horizon: It’s All About the Customer

Zycus Horizon

The more time I spend in and around technology companies, the more I am struck by the dichotomy of vendors that tend to fall into two camps regarding R&D and technology investment. To wit, there are those that spend nearly all their time listening to customers to guide investment decisions and there are those that take the opposite approach by focusing on disruptive innovation that they believe customers will want to consume.

Siri, Procurement and Natural Language Search: Zycus Horizon 2015

big data

When building out broad capabilities, vendors often fail to play to their core strengths across the range of capabilities on offer. Zycus is hoping not to make the same mistake as it incorporates capabilities from the artificial intelligence and auto-classification technology that it pioneered in procurement going back well over a decade ago in the spend classification area. Leveraging and extending these capabilities, Zycus is building natural language capability into procurement-centric search. Think of it as Siri for corporate procurement.

A Common Supplier Portal Vision at Zycus Horizon

SciQuest

Rework should be a supplier’s middle name. In today’s procurement technology world, suppliers are expected to log into multiple portals to check on invoice status, inquire about payments, register their interest in working with organizations, collaborate around performance management and development initiatives and more. Through both its application and supplier network vision, Zycus is hoping to tackle some of these inefficiencies today by providing a common portal for suppliers to work with buying organizations.

Plunging Into and Analyzing the Solution Roadmap at Zycus Horizon

Zycus Horizon

Suite is the word of the day at Zycus Horizon 2015. As Aatish Dedhia, Zycus’ CEO, put it earlier today during his keynote, the “integration of operational and strategic procurement is critical.” Zycus’ suite vision is a bit different from competitors that tend to emphasize modular strengths. In contrast, Zycus emphasizes integration over the sum of the parts and the underlying stack-level innovations that tie it together in new ways.

Aatish Dedhia Comments on Vision, Roadmap and More at Zycus Horizon

Zycus

Earlier Monday morning, Zycus CEO Aatish Dedhia shared his firm’s vision and product roadmap in a speech that could have been taken in one of two ways by the audience. On the one hand, Aatish came off as highly conservative, offering almost a “fast follower” perspective on building out his firm’s suite of products on a modular basis that sounds identical to peers. But on the other hand, Aatish dove into the core of Zycus’ technology and innovation outside of simply modular areas by showing the “how” and not just the “what.”

Zycus Horizon: Walking Drunk, Procurement and More

Zycus

Early this morning, I landed in Atlanta, on route to the Zycus Horizon event, held at a resort in Reynolds Plantation, Georgia, outside of the city. Horizon is Zycus’ annual customer event, and the majority of speakers are Zycus customers, using everything from Zycus’ original spend classification solution to its modern modular source-to-pay suite. Zycus puts a tremendous amount into this event every year, and I’ve had the pleasure of attending it going back to the inaugural conference.

Procurement Transformation using Kotter’s 8-Step Change Process

Spend Matters welcomes this guest article by Somdipto Ghosh of Zycus.

Inside every procurement department, this paradox is apparent: While the organization realizes the need to embrace new technologies to transform its practices through automation, the fear of uncertainty and the natural reluctance to change causes transformations to become time-consuming, if not a failure. While there is no secret elixir of success, following Kotter’s 8-step change process will ensure that there is a method to all the madness.

Lessons From the Bagel Man to Tackle Procurement Fraud

Spend Matters welcomes this guest article by Somdipto Ghosh, Product Marketing, Zycus. In the year 1984, Paul F. decided to make a radical career transition from heading a public research group to selling bagels at corporate offices. He devised a unique “honor system” where he would leave bagels and a cash basket in company cafeterias in the morning and return in the evening to collect the payments. His business flourished and soon he was selling 700 dozen bagels a week to 140 companies. Over the course of many years in business, he documented and analyzed the fraudulent activities of his clients and leveraged his background in research to find unique irregularities.

Is Your Supply Chain Disaster-Proof?

Spend Matters welcomes this guest article by Diptarup Chakraborti, assistant vice president of marketing at Zycus. Over recent weeks Zycus has been discussing the role that the procurement function can play in natural disaster management. In pervious articles we’ve outlined the vulnerability of modern supply chains to natural disasters and highlighted some steps that procurement teams can look to implement internally to ensure their operations are safeguarded against these destructive events. Today we’ll be looking externally to our suppliers to ensure they are best placed to manage disasters.