We believe Zycus’ Merlin AI bots accelerated the journey.
PRINCETON, NJ, October 21, 2020: Zycus, a leading global provider of AI-powered Source-to-Pay suite, announced today that it has moved further on the ‘completeness of vision’ axis within a year in the Gartner Magic Quadrant for Procure-to-Pay Suites, published in October 2020.
In the report, Gartner acknowledges that "By 2025, organizations using P2P suites will save 30% year over year on goods and services costs through network price benchmarking and discounts. "
Zycus believes our strong AI legacy, ease of use, and comprehensive suite are the pillars of our continued success, and we would keep the momentum going with the dedicated product focus and global customer support.
Gartner's 2020 Magic Quadrant for Procure-to-Pay Suites evaluates solution providers on two parameters - 'ability to execute' by assessing its “product’s services, sales and marketing execution, and overall operations” and 'completeness of vision' by evaluating them “across multiple criteria that show their ability to understand current and future market trends, customer needs and competitive forces — as Gartner views them.”
"We consider Zycus' position in the Gartner Magic Quadrant is a testament to our drive of enabling Autonomous Procurement with Merlin AI Suite integrated to deep Procure-to-Pay capabilities", says Aatish Dedhia, Founder and CEO, Zycus Inc.
Gartner, Magic Quadrant for Procure-to-Pay Suites, 19 October 2020, Kaitlynn Sommers, Micky Keck, William McNeill, Tim Faith
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Zycus is a leading global provider of AI-powered Source-to-Pay suite. Our comprehensive product portfolio includes Merlin AI Suite, a unique platform with AI BOTs to automate tactical procurement & AP tasks and reallocate the workforce to strategic activities. Additionally, Zycus provides eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Savings Management, Project Management and Request Management for an end to end procurement transformation.
Assistant Manager, Zycus Inc.