Cognitive Source to Pay
that enables

Princeton, NJ | 24^th January 2023 Zycus, the leader in Cognitive Procurement, announced that it has joined the Gartner Peer Insights Customer First program for its adherence to transparency and integrity in managing the Gartner Peer Insights review process for customers. By joining the Gartner Customer First program, Zycus is committing to building trust and credibility by soliciting reviews from all customers and recognizing the benefits of honest, unbiased feedback

Zycus' Procure-to-Pay Suites currently boasts a 4.6 (out of five) stars rating based on 62 reviews in Gartner Peer Insights.

Zycus is the only one of the 16 vendors included in the 2022 Gartner Magic Quadrant™ for Procure-to-Pay Suites to join the Gartner Peer Insights Customer First program in this market. The Gartner Peer Insights Customer First badge represents a technology provider’s commitment to putting the customer first by inviting all customers to share honest feedback, valuing all opinions and presenting a holistic view, and adhering to the principles of transparency.

"We are honored to join the Gartner Customer First program, as we believe it is a testament to our commitment to putting our customers at the forefront of everything we do." said Aatish Dedhia, Founder and CEO of Zycus.

Zycus in Procure-to-Pay Suite, Gartner, Peer Insights as of 3 Feb, 2023

https://www.gartner.com/reviews/market/procure-to-pay-suites/vendor/zycus/product/zycus-procure-to-pay-suite

Gartner, Magic Quadrant for Procure-to-Pay Suites, Micky Keck et al., 28 Nov 2022

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About Zycus:

Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades.

Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP (Accounts Payable) officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users.

Start your #CognitiveProcurement journey with us, as you are #MeantforMore.

Zycus Inc.

Navneet Kaur

Assistant Manager-Marketin, Zycus Inc.
navneet.kaur@zycus.com

DeAcero signed a multi-year contract with Zycus, the pioneer in cognitive procurement software suite, to accelerate its source-to-pay landscape with Zycus’ AI-enabled solutions.

DeAcero is one of the leading companies in the production, commercialization, and distribution of steel wire finished goods, long products, and reinforcing steel. DeAcero has a worldwide presence at 90+ locations and is a world leader in rod & wire production. Additionally, the company strives towards a green economic world by producing sustainable steel and promoting eco-friendly practices. 

“At DeAcero, we believe in continuous improvement with best-in-class automation and process efficiency. Zycus is an important partner in this transformational journey, providing next-generation, sophisticated yet simple technologies that will deliver value to our key stakeholders.”

- Raul M. Gutierrez Duran, CEO DeAcero Group Wire Business and Operational Services

Deacero will use Zycus’ eProcurement, eInvoicing, sourcing, contract lifecycle management, request management, supplier information management, supplier risk management, spend analysis, and its Merlin AI offering.

“Zycus, a trusted global partner of choice, with solutions that are critically acclaimed by leaders such as Forrester & Gartner for new age innovation, will help Deacero improve efficiency, compliance, and visibility across the board by end-to-end procurement transformation. This partnership is a testimony to our continuous efforts towards making procurement strategic, sustainable and purposeful.”

- Dixit Jasani, Senior Vice President, Global Sales

About Zycus:

Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades. Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite. Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users. Start your #CognitiveProcurement journey with us, as you are #MeantforMore. 

Zycus Inc.

Adit Bhambore

Assistant Manager - Marketing, Zycus Inc.
adit.bhambore@zycus.com

CGS-CIMB Securities (“CGS-CIMB”) has signed a multi-year contract with Zycus, the pioneer in cognitive procurement software suites, to accelerate its source-to-pay blueprint with Zycus’ AI-enabled solutions. In so doing, CGS-CIMB will be able to centralise, streamline and automate its procure-to-pay processes, supplier communication and accounts payable processes.

“At CGS-CIMB, we believe in continuous improvement with best-in-class automation and process efficiency. Zycus is an important partner in this transformational journey, providing next-generation, sophisticated yet simple technologies that will deliver value to our key stakeholders.”

- Jamie Tan, Group Head Procurement, CGS-CIMB

“Zycus, a trusted global partner of choice, with solutions that are critically acclaimed by leaders such as Forrester & Gartner for new age innovation, will help CGS-CIMB improve efficiency, compliance, and visibility across the board by end-to-end procurement transformation. This partnership is a testimony to our continuous efforts towards making procurement strategic, sustainable and purposeful.”

- Dixit Jasani, Senior Vice President – Global Sales

About CGS-CIMB:

CGS-CIMB Securities (CGS-CIMB) is one of the leading integrated financial service providers in Asia. It is a joint venture between China Galaxy International Financial Holdings Limited, a wholly-owned subsidiary of China Galaxy Securities Co. Ltd., and CIMB Group Sdn Bhd.

Through a network of local offices, branches, and strategic partners, we have a direct global presence in over 20 countries and territories, providing a truly Asian perspective. We are well-positioned as Asia’s leading financial gateway with a core focus on deep-dive research and in-depth analysis on equities and financial products. We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.

Backed by an award-winning research team, we have one of the most comprehensive research coverages of over 800 stocks. Our strong research capabilities form the backbone of our product and service offerings, connecting clients to opportunities.

About Zycus:

Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades. Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite. Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users. Start your #CognitiveProcurement journey with us, as you are #MeantforMore.

Zycus Inc.

Adit Bhambore

Assistant Manager - Marketing, Zycus Inc.
adit.bhambore@zycus.com

Princeton, NJ | 13 January, 2022 | Zycus, the pioneer in Cognitive Procurement software, announced today that it had received a patent for its spend reporting application, iAnalyze. In total, Zycus has 30 patents filed across the source-to-pay suite till date.

The patent received is titled “A SYSTEM AND METHOD FOR CHANGING CATEGORISATION DATA, IN RELATION TO SPEND ANALYSIS REPORTS, IN REAL TIME”. This patented feature will benefit users by allowing them to change the category of wrongly classified spend item in real time, thus helping them achieve the desired level of accuracy. It also allows an administrator to verify the requested change in order to make or authorize recommended changes.

According to The Hackett Group’s Annual Key Issues Study, spend-cost reduction has been among the top 2 priorities for CPOs since 2018. Spend analysis can help cut costs by 3-5% annually. Both cost reduction and savings are a major area of concern and focus for organizations of all sizes and geographies due to ongoing recession.

Zycus’ patented AI-powered spend technology enhances procurement performance, reduces maverick spend, increases compliance and generates actionable savings opportunity.

“We are gratified to be recognized yet again for the uniqueness of our spend technology and receive this patent. It further strengthens the differentiation of Zycus’ AI-powered spend technology against its competitors and provides us with a competitive advantage in the market.” said Aatish Dedhia, Founder and CEO of Zycus.

Zycus invests almost 50% of company resources towards research & development (R&D) each year, which is by far the highest in the industry, with 25% of them specifically dedicated towards Artificial Intelligence (AI) based offerings.

About Zycus:

Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades. Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source to Pay integrated suite.

Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users.

Start your #CognitiveProcurement journey with us, as you are #MeantforMore.

Zycus Inc.

Annie Arora

Manager - Marketing, Zycus Inc.
annie.arora@zycus.com