Zycus

Zycus provides cognitive procurement software with AI-based services to automate procurement and make it more effective. The SaaS-based platform is designed to help businesses by automating mundane tasks, offering sophisticated analytics and improving supplier relationships. Zycus says its technology can help businesses achieve 10X speed and efficiency in procurement.

The suite is designed as an integrated suite of tools, offering a source-to-pay (S2P) solution. Some of the key tools include:

• Merlin for Contracts: Analyzes contractual risks to ensure compliance.
• Merlin for Risk: Identifies supplier risks from millions of online sources.
• Merlin for E-Procurement: Offers a touchless procurement experience.
• Merlin for E-Invoicing: Automates invoice processing and enhances cash flow.
• E-Sourcing: Supports flexible event management and real-time auction insights.
• Contract Management: Accelerates contract lifecycle and maximizes contract value.
• Supplier Information Management: Simplifies supplier onboarding and data exchange.
• Supplier Risk & Performance Management: Identifies and mitigates supplier risks.
• E-Procurement: Provides global spend visibility and cost savings.
• E-Invoicing: Enhances efficiency with touchless invoice processing.
• Spend Analysis: Uncovers savings opportunities through automated classification.
• Insight Studio: Offers customizable reporting and centralized data.
• Supplier Network: Facilitates direct supplier collaboration.
• Project Management: Elevates procurement projects with real-time tracking.
• Request Management: Transforms request processing with AI-driven intake.
• Savings Management: Maximize cost savings through cross-functional visibility.

Zycus has won recognition from several customers, including Delta Air Lines, Heineken, Broadridge and Deacero, for improving project management, speeding supply chain efficiency and offering data-driven decision-making capabilities.

The autonomous procurement abilities of the platform free up resources for more important work, and the modular architecture and composability let customers build apps tailored to their needs. You can expect comprehensive financial savings management, automated invoice extraction and advanced cognitive analytics to inform strategic decisions.

Pricing isn't disclosed, but you can request a demo to see Zycus' features and get a price quote for your needs.

Published on July 16, 2024