GE to Enhance Spend Analysis

Rolls out Zycus solution globally to drive adoption of UNSPSC, provide strategic sourcing support

Santa Clara, CA  November 26, 2002  Zycus Inc. a provider of AI-driven automated purchasing and supply content management solutions, announced today that technology company General Electric has selected Zycus' automated UNSPSC classification engine, AutoClass, to further drive company-wide adoption of UNSPSC. Zycus said the solution, which is available in real-time and batch classification modes, is designed for use by requisitioners across the country.

The company explained that in the Live Connect mode, AutoClass classifies all catalog and non-catalog purchases at the source, thus ensuring data integrity. GE users will employ AutoClass daily to classify free text procurement texts. Results are then received within seconds and will assist in providing granular spend classification for GE's purchases.

In the Batch Connect mode, AutoClass classifies historical purchase data or inventory data, according to Zycus, thus giving insight into GE's spend landscape and increased inventory visibility.

In addition, AutoClass is capable of integration with numerous purchasing systems, like Oracle iProcurement, as well as XML punch-out sites. It can also handle multi-industry data, which GE said would be useful given the company's diverse range and area of operations.

Commenting on GE's selection of AutoClass, Gary Reiner, chief information officer and senior vice president, said, "By classifying all purchasing transactions at the source, AutoClass should provide significant benefits in terms of increased data integrity and superior sourcing decisions brought about by increased spend visibility."

"We are delighted to be working with GE," said Aatish Dedhia, CEO of Zycus Inc. "The enterprise-wide deployment of AutoClass will give GE detailed insight into its spend, as well as help monitor and eventually control purchasing transactions. GE has often been an early adopter of technology for improving business processes; by providing real-time spend classification for GE's purchasing transactions, Zycus will enhance spend tracking and compliance throughout GE."