PRINCETON, N.J. - Wednesday, February 4th 2015 [ME NewsWire]

(BUSINESS WIRE) Zycus, the leading source-to-pay procurement solutions provider, announced today that Ma’aden also known as Saudi Arabian Mining Company, with major interests in gold, base metals, phosphate, aluminium, and industrial minerals, has selected its advanced Spend Analysis solution, including iAnalyze, and iMine.

Ma’aden is a fast-growing company with five major business lines. In support of the company’s five-year strategic business plan, its corporate procurement team is collaborating with affiliates to design and develop robust and sustainable procurement processes, systems and internal capabilities for Strategic Category Management.

Ma’aden procurement’s immediate objective is “To place majority of spend under rigorous category management, maximize local content, achieve standardization, and deliver target savings across both operating and capital expenditures. To attain its goals, the team needed to improve spend visibility and implement category management practices,” says Ma’aden Corporate Procurement & Contracts Director. Ma’aden identified Zycus as a leading service provider in the spend-data categorization.

“Ma’aden is yet another example of a company choosing the fast-track to advanced strategic spend and category management by investing in state-of-the-art solutions at the front end of a procurement transformation,” says Zycus CEO and founder Aatish Dedhia. “Our experienced and knowledgeable implementation teams are very much looking forward to collaborating with Ma’aden in its pursuit of best-in-class sourcing, procurement and supply management processes and performance levels.”

About Zycus

Zycus is a leading global provider of procurement software suite comprising of modules for both the upstream and the downstream parts of the Source-to-Pay cycle. Our product portfolio includes applications for strategic procurement- Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management and operational procurement- eProcurement, eInvoicing. Our spirit of innovation and our passion to help procurement create greater business impact are reflected among the hundreds of procurement solution deployments that we have undertaken over the years. We are proud to have as our clients, some of the best-of-breed companies across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more.

To learn more about the Zycus, address e-mail to information@zycus.com or visit http://www.zycus.com/

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Contacts

Press

Zycus Inc.

Priyanka Potdukhe, 1-866-563-9219

Manager- Public Relations

priyanka.potdukhe@zycus.com

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