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Converteam to Convert Procurement Initiatives into Savings with Zycus
French power conversion engineering company leverages Zycus' Spend Analysis multilingual capabilities for improved visibility and accelerated savings


Paris — January 13, 2010 — French power conversion specialist Converteam has tapped Zycus for a spend analysis solution as part of an initiative to gain improved visibility and accelerate savings, the solution provider has announced.

Converteam provides customized solutions to convert electrical energy in rotating machines, drives and process automation. With over 5,000 employees, the group provides power solutions worldwide and serves specialized sectors, as well as its core markets in marine offshore, oil and gas and offshore, energy and industry. At year-end 2008, Converteam's sales totaled 1.1 billion euros.

"Converteam has always paid special attention to innovation and technology, hence Zycus Spend Analysis was an obvious choice because of its innovative and easy-to-use approach to multilingual spend classification," said Christiane Lemercier, group sourcing director at Converteam. "The selection of Zycus for our processes will enable us to have a clear view of spend across multiple ERP platforms which will ensure efficient sourcing decisions."

"We are excited to partner with Converteam in helping this world-class engineering company automate and streamline their spend analysis processes," said Anurag Dixit, vice president of global marketing at Zycus. "The strengths of Zycus Spend Analysis' multi-lingual capabilities paired with its ease-of-use will further accelerate their ability actualize efficiency and reach their sourcing objectives,"