Princeton, NJ, 6th January 2020: Zycus Merlin AI Platform lets you utilize the latest innovation and techniques around artificial intelligence, machine learning, and robotic process automation across the entire Source-to-Pay suite. With its pioneering technology, the Zycus Contract Metadata Extraction Bot will enable customers to automate a very manual process and provide a high degree of efficiency and process compliance.

The Zycus Merlin Contract Metadata Extraction Bot has the ability to identify standard metadata (like Contracting Party, Effective Date, Expiry Date, Contract Title, Currency, Payment Terms, Contract Value, Renewal Terms, etc.) and customer specific metadata from different types of contracts like commercial and sales contracts, vendor agreements, leases, NDAs, purchase agreements, SOWs, MSAs, etc. The contracts can be uploaded as machine readable documents or even as scanned images, with a very high degree of accuracy.

The Merlin AI BOT is strongly integrated with the Zycus iContract application and thus allows Zycus customers to run the BOT from the CLM application or easily take the extracted metadata into Zycus iContract. However, other customers can also leverage the benefits of Merlin to integrate the extracted data into their non-Zycus contract applications.

The Merlin iContract Metadata extraction BOT will have a tremendous impact on the CLM space as it will significantly reduce the extraction time, improve accuracy, and enable practitioners to take better decisions based on well-classified, cleaner data.

“Today AI is used very flippantly in the industry, but what makes Zycus’ AI initiative really stand out is our very significant investment in people and technology, access to real customers’ data for training, and our deep understanding of the domain.” says Kanishka Ghosh, Director of Product Management at Zycus.

About Zycus Inc.

Zycus is a leading global provider of end-to-end Source-to-Pay suite, and has been cited as a ‘Leader’ for the 4th time in a row in Gartner’s 2018 Magic Quadrant for Strategic Sourcing Application Suites.

The comprehensive product portfolio for Zycus includes applications for both operational and strategic aspects of procurement. To learn more about Zycus, visit http://www.zycus.com/


Zycus Inc.

Sneha Paul

Product Marketing Manager
sneha.paul@zycus.com

Princeton, NJ, December 27, 2019: Zycus is pleased to announce that a leading global engineering giant in France has entered into a five year agreement with Zycus for its Source to Contract suite with Spend Analysis and will start the implementation of the solutions soon.

The organization focuses around the development and maintenance of giant infrastructure systems (Power Plants, Nuclear, Oil and Gas, Railroads and industrial climate control.

The organization’s highest priority was to implement a full Source to contract management solution to accelerate contracting processes and enhance compliance across multiple teams. The organization wanted a centralized system of visibility into all global business units. The organization also needed to create sourcing efficiencies within their procurement team and build reflectiveness for spend across all occupational units. As part of this arrangement, they have licensed Zycus’ Spend Analysis, eSourcing, Contract, Supplier, Request, Financial Savings and Project Management solutions.

During the evaluation, Zycus was able to link the organization’s value to the solutions through demonstrations and hence was differentiated for its ease-of-use from other technology providers. They were impressed with the depth of functionality that Zycus had presented.

"We are thrilled to have the customer with us and working towards the attainment of immediate positive conversion through the entire process while at the same time maximizing the value of every unit they spend. With our solution, we will help the organization achieve efficiencies by driving increased adoption across their employees and suppliers as well as with dynamic reporting and configurable dashboards for contracts.”said Dixit Jasani, SVP Sales – EMEA & APAC, Zycus Inc.

About Zycus Inc.

Zycus is a leading global provider of end-to-end Source-to-Pay suite. The comprehensive product portfolio includes applications for both operational and strategic aspects of procurement - eProcurement, e-Invoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Request Management, and Project Management. To learn more about Zycus, visit http://www.zycus.com/


Zycus Inc.

Niharika Sharma

Customer Marketing
niharika.s@zycus.com

PRINCETON, N.J., December 18, 2019 - Zycus, a global leader in AI-powered source-to-pay procurement technology solutions, announced today that it holds the position of a Leader in the report named “The Forrester Wave™: Source-To-Contract Suites, Q4 2019”. Earlier this year, Zycus was cited as a leader in The Forrester Wave™: Contract Lifecycle Management For Source-To-Contract Suites, Q1 2019.

Forrester Research evaluated source-to-contract solutions from 11 different software vendors on 35 different criteria, which were bucketed in three categories, i.e., current offering, strategy, and market presence. Within the three categories, Zycus received the highest score in the current offering category and tied for the highest score in the strategy category.

Zycus has received highest possible score in 18 out of 35 criteria including: -

  • Artificial Intelligence Strategy
  • Implementation Strategy
  • Integration
  • References for vendor support
  • Globalization
  • References for usability
  • Product strategy

Forrester recognized that Zycus “builds off its analytics roots to promote AI-enabled sourcing and contracting”, “has built its marketing strategy around AI, promoting its Merlin AI studio for creating bots to automate various tactical and transactional tasks”, “It has expanded its suite organically over recent years, adding eSourcing, CLM, and SRPM modules as well as a P2P suite for eProcurement and eInvoicing”, “has expanded its geographic presence from the US into Europe, the Middle East, and Asia”, that “its spend analytics, CLM, and SRPM products are better than most competitor products”, and “Its clients gave it high marks for product usability and implementation support and customer support, with the latter bolstered by a well-designed implementation strategy”.

"We are proud to be recognized as a leader in the Forrester Wave for Source-to-Contract Suites," said Aatish Dedhia, CEO, Zycus Inc. "Zycus’ being a pioneer in AI technology, is focused on developing Merlin AI Studio, innovation and delivering customer success is core to how we enable customers to achieve measurable and meaningful value. We believe our placement in this report is further validation of this mission and our success in helping the procurement community transform and streamline their end-to-end Source-to-Contract processes.”

To download a complimentary copy of the Forrester report, please visit: The Forrester Wave™: Source-To-Contract Suites, Q4 2019

To learn more about Zycus’ Source-to-Contract Solutions, visit www.zycus.com.


Zycus Inc.

Ankit Aggarwal

Product Marketing Lead.
ankit.aggarwal@zycus.com

Princeton, NJ, December 27, 2019: Zycus is pleased to announce that a leading electric utility giant based out of US has entered into a 3 year agreement with Zycus to support its procurement transformation.

The renowned service provider is a company who is known as a public -owned electric utility company in the United States serving more than 9,50,000 customers in total.

They have been participating in procurement to drive proficiencies and savings opportunities. The client took this project to digitize the investment in procurement and further impact the overall financial health of the organization. The organization also needed to build reflectiveness for spend across all occupational units.

As part of this arrangement, they have licensed Zycus’ Spend Analysis, eSourcing, Contract, Supplier, Request, Financial Savings and Project Management solutions. This will ensure transparency into forecasted and achieve savings by maintaining a single version of truth in the company. This makes Zycus an integral part of the company’s procurement ecosystem. The seamless integration between each of these solutions will now empower the company to identify, monitor, track and realize cost savings.

We pride ourselves in developing strong relationships with key stakeholders and strive to understand our clients’ challenges and needs so we can provide solutions that fit them well. We’re delighted to have the client on board with us and are committed to their continued success. We look forward to a great professional relationship” said Jeffrey McKinnon, Vice President of Sales at Zycus Inc.

About Zycus Inc.

Zycus is a leading global provider of an end-to-end Source-to-Pay Software suite. Zycus’ comprehensive product portfolio includes applications for both the operational and strategic aspects of procurement. To learn more about Zycus visit http://www.zycus.com/


Zycus Inc.

Niharika Sharma

Customer Marketing
niharika.s@zycus.com

PRINCETON, NJ, December 10, 2019 - Zycus, a global leader in source-to-pay procurement technology solutions, announced today that it holds the position of a Strong Performer in the report named “The Forrester Wave™: eProcurement Platforms, Q4 2019”. This is the third recognition that Zycus has received from leading industry analysts for this fiscal.

The report is designed to assess the current state of the market for eProcurement solutions; the Forrester Wave™ evaluated 12 most significant eProcurement platform providers, basis 31-criteria grouped into three categories: current offering, strategy, and market presence in the industry.

According to the report, Zycus “has good eProcurement in a comprehensive ePurchasing suite”, “compares well with competitors across almost all [the] criteria” and “is a good choice for enterprises with at least $1 billion in annual revenue that want a comprehensive ePurchasing suite”.

“Zycus, with a legacy in AI-driven technology solutions, has always focused on making software smarter to deliver an easier and seamless source to pay experience,” says Aatish Dedhia, CEO, Zycus Inc. “We feel that being recognized as a Strong Performer validates our efforts as we strive to develop best in class solutions that provide a robust experience to the users.”

To download a complimentary copy of the Forrester report, please visit: Download

To learn more about Zycus’ Procure-to-Pay Solutions, visit www.zycus.com.

About Zycus Inc.

Zycus is a leading global provider of complete Source-to-Pay suite of procurement performance solutions. Our comprehensive product portfolio includes applications for both the strategic and the operational aspects of procurement - eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management. Our spirit of innovation and our passion to help procurement create greater business impact are reflected among the hundreds of procurement solution deployments that we have undertaken over the years. We are proud to have as our clients, some of the best-of-breed companies across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more


Zycus Inc.

Swetalina Routray

Marketing, Zycus Inc.
swetalina.routray@zycus.com

Copyright © 2020 Zycus Inc. All Rights Reserved.

WAIT!

Couldn't find what you're looking for?

We're giving away a FREE copy of our latest Research Report - 'Enabling The Procurement Function To Assume A Strategic Role Through Automation'