Leading Healthcare Insurance Major Standardizes Procurement With Zycus' Source-To-Pay Suite

Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that a leading medical healthcare organization has entered into a 5-year agreement with Zycus for its Source-to-Pay suite solution to support its procurement transformation.

The organization offers various private health insurance plans like Medical Consultancy, Medical Care and Medicine Prescription Drug Plans. The organization partners with contracted providers, and employs more than 10,000 associates nationwide.

They wanted to standardize their processes to gain insight into their data to empower their employees to be more strategic and efficient in their overall daily activities. The goal of the project was to seek one tool that provides greater efficiency, tracking, and visibility.

As part of this deal, the organization has licensed Zycus’ Source-to-Pay suite that includes Spend Analysis, eSourcing, Contract Lifecycle Management (CLM), Supplier Management and Procure-to-Pay.

As an organization, they wanted to centralize the procurement processes so that they could address the challenges that we were facing in our current set up. Some of their processes were outdated and inefficient. So they wanted to partner with the best-in-class technology provider. Since Zycus has been positioned as leader in the Gartner Magic quadrant, the key stakeholders opted in favor of Zycus.

“ The client organization is committed to quality health care. When you see like-minded organizations coming together to move beyond doing what’s right for their business and acting to improve people’s lives, it’s truly humbling to be working with them.” said Bruce Saunders, VP Sales, Zycus Inc. “Through our powerful S2P procurement software, we aim to help them achieve their business goals.”