Navigating a recession or economic downturn can be quite treacherous for organizations. Zycus’ RRR framework: Review, Reinvest and Redefine enables companies to evaluate their cost structure, prioritize investments that dynamize productivity & generate insights, and facilitate a modern work environment. This is pertinent to AP function-specific automation initiatives as well.
A leading Insurance provider is a good case in point, they implemented Zycus’ Framework in their day-to-day operations and achieved:
- Higher savings of about $100k (GBP 83k or EUR 94k) by eliminating duplicate payments
- Increased early-payment discounts by leveraging favorable terms for quick payments
- Reduced the number of vendor management FTEs by 87%.
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