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Procurement and Finance Outlook Intelligence

EBG | Insight: Realising procurement’s potential from a source to pay perspective

November 21, 2018 By ebgnetwork

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Organizations are striving to increase an understanding of company spend, ways to improve innovation speed and company capital and cash. Procurement have for a long time struggled to highlight the possible impact the know how they possess can have on all of the above. Challenges visualizing what is and what if can be part of the problem.

EBG | Network teamed up with Richard Waugh, VP Corporate Development at Zycus to learn more about his knowledge and their view on procurement potentials.

Richard worked for 16 years at GE Information Services giving him a grounded view on what he share. We spoke at length about;

  • How can companies evaluate organization-readiness and create an improved strategy through digitizing Source-to-Pay processes?
  • In what ways can companies align & optimize Source to Pay strategies to influence/improve top line growth?
  • What impact does improved Procurement Category Expertise and Supplier Performance Management have on corporate development?

The Interview

Below the interview with Richard which offer both concrete advice and reassurance that most struggle with the same challenges.

Zycus story

It is interesting learning about the background system and service providers have. Do they come from a finance or procurement perspective for instance, have they built up their service landscape and/or bought/merged with others, in what ways are they offering their services and what do their future plans look like.

From Zycus website we learn that: Back in the 1990s, when the commercial Internet was still beginning to revolutionize the way we live, personally and professionally, the founder of Zycus was inspired to develop web-based business applications for procurement professionals. We started our journey in 1998 and like any new company; our first big challenge was to find the very first customer. When we won GE, we knew we were doing things the right way. Ever since, we have continued on the path of innovation to provide sophisticated end-to-end procurement solution suites with one focus – our customers’ happiness.


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EBG | Network was founded in 2010. A cross functional, end-to-end business network focusing on improved sales and forecasting, increased spend under management and financial supply chain control. EBG bring people together online and in person who can help each other grow and develop.

EBG is managed by Anna & Lars – partners in business and life. Contact us today with any type (business) related questions! Contact us using the LiveChat function below.

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

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