While not exactly a well-known name, Zycus continues its spend management expertise by rounding out its sourcing suite with Contract management. Targeted towards the sourcing and procurement professional, Zycus iContract provides organizations the ability to actualize negotiated contract savings through real-time monitoring, proactive alerting, and search capabilities. The product has intelligent tracking of contract compliance and utilization across the contract lifecycle.
The addition of the contract management solution means Zycus is a full sourcing suite contender against Ariba, BravoSolution, Emptoris, Iasta, Oracle, and SAP.
The contract management product is timely as organizations struggle for compliance while reducing costs, and ensuring item and service availability. Facilitation of contract visibility and across the enterprise means connecting the dots between the cost and availability of products and services to the income statement with potential balance sheet liabilities. Contract management solutions, such as Zycus iContract, are a determining factor in the connections and relationship of the enterprise and supply.
With Zycus new contract management solution, Zycus continues its powerhouse journey. The solution is a strong alternative to pricier ERP products. In this economy, best of breed continues to advance, which begs the question, what will the ERP vendors do to counter and stop the movement to best of breed?