Tiger Brands to take a leap of procurement transformation with Zycus’ Source-to-Pay Suite powered by Merlin AI technology

Sandton, South Africa June 9, 2023 | Tiger Brands Limited, a JSE Limited company whose footprint extends across the African continent and beyond, and one of the largest manufacturers of FMCG products in Africa, has signed a multi-year contract with Zycus, the cognitive procurement software suite pioneer, to transform its source-to-pay landscape with Zycus’ AI-powered solutions.

Tiger Brands is a South African company, founded in 1921 and headquartered in Johannesburg, employing over 11,000 employees. It operations in South Africa and Cameroon and exports to over 33 markets in Africa. The company’s core business is the manufacture, marketing and distribution of everyday branded food and beverages. Its iconic brands, such as Koo, Fattis and Monis, Jungle Oats, All Gold, Purity, Oros, and Tastic Rice, are well-known in South Africa, with products that cater for every meal and occasion. The Tiger Brands portfolio also includes leading brands in the home and personal care segments such as Ingrams and Doom.

Tiger Brands has chosen Zycus’ entire Source to Pay suite including solutions such as eProcurement, eInvoicing, iSource, iContract, iSupplier, iRisk, iRequest, iManage, iAnalyze, and iSave which will enhance efficiencies across the entire source-to-pay cycle and will significantly optimize Tiger Brand’s supply chain by leveraging new-age solutions. Zycus’ revolutionary iSaaS is also added to the suite of selected products that will help easily connect Tiger Brand’s existing tech stack to enable business needs with minimal effort.

Tiger Brands has opted for Zycus’ Merlin for CLM to automate metadata extraction and monitoring contractual risks using as well as Zycus’ Merlin Risk Radar powered by AI, which will provide third-party risk assessment across the entire supplier base. Additionally, Zycus’ Merlin for Accounts Payable will help streamline the invoicing process with a significant reduction in the costs per invoice with faster three-way matching, high portal-based invoice generation, and global compliance, while Zycus’ Merlin for eProcurement will make procurement processes touchless in its true sense, supported by the newly launched Merlin Assist – a B2B Chat assistant for procurement tasks and improved collaboration.

“Our collaboration with Zycus will help us optimise our procurement operations, enabling us to streamline processes, enhance productivity and improve overall supplier management. With their cutting-edge technologies, we are confident in delivering exceptional value to our stakeholders as part of our efforts to optimise our supply chain.”

– Yashodh Singh, Procurement Transformation Lead, Tiger Brands

“The one thing that stood out for us in this partnership is Tiger Brands’ commitment to innovation and demand for excellence that we met in the form of Merlin-backed Zycus core product values and the ease of use of our solutions. We are raring to go and are looking forward to achieving significant milestones together.”

– Dixit Jasani, Senior Vice President, Global Sales, Zycus