|By Business Wire||
|April 16, 2014 11:00 PM EDT||
Zycus, a leading source-to-pay and procurement performance suite provider, announced today that SMRT Corporation, will adopt its Spend Analysis solution to attain a unified view of their spend data that would support their enterprise level strategic sourcing and spend management activities.
SMRT Corporation, the leading multi-modal transport operator in Singapore, has been listed on the Singapore Exchange since July 26, 2000 and operates bus, rail, taxi and other public-transport services via several wholly owned subsidiaries. SMRT’s trains carry more than two million passengers daily.
In a bid to reduce the manual effort involved in coordinating with multiple material groups for an insight into their spend data, SMRT began a market survey of selected Spend Analysis vendors based on their position in the 2013 Gartner’s Magic Quadrant for Strategic Sourcing Application Suites.
Zycus was shortlisted due to the strength of their business model and robustness of their product to conduct a Proof of Concept using SMRT’s spend data, involving multiple stakeholders from their Procurement team. The advanced functionality of the tool coupled with its user friendly interface and quick implementation model were the key factors that influenced SMRT’s decision to finally choose Zycus.
SMRT Corporation Ltd (SMRT) is the leading multi-modal public transport operator in Singapore. SMRT serves millions of passengers daily by offering a safe, reliable and comprehensive transport network that consists of an extensive MRT and light rail system which connects seamlessly with its island-wide bus and taxi operations. SMRT also markets and leases the commercial and media spaces within its transport network, and offers engineering consultancy and project management as well as operations and maintenance services, locally and internationally.
To learn more about SMRT visit http://www.smrt.com.sg/
Zycus is committed to positioning procurement at the heart of business performance. With our spirit of innovation and a passion to help procurement create even greater business impact, we have evolved our portfolio to a complete Source-to-Pay suite of procurement performance solutions - Spend Analysis, eSourcing, Contract Management, Supplier Management, eProcurement, eInvoicing and Financial Savings Management. We are proud to have more than 200 solution deployments among Global 1000 clients across verticals. To learn more about Zycus, address e-mail to [email protected] or visit http://www.zycus.com/
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