February 18, 2022: Zycus, the pioneer in Cognitive Procurement, announces the launch of Merlin for eProcurement with two AI-enabled products: Buyer Smart Desk and Autonomous Quick Source that focuses on what matters the most to your business.
Designed to provide a unique offering for a touchless procurement experience - Merlin for eProcurement transforms your existing slow, costly and error-prone tactical buying process into an instantaneous and efficient process.
Traditionally, buyers, on an average, log more than 40 hours of work to complete one purchasing cycle and take nearly three months to complete a single supplier search. As the entire process is time-consuming, new supplier identification is often not prioritized, resulting in working with the same suppliers and losing on discounts and rebates opportunities.
As per Gartner's report, autonomous procurement increases operational efficiency and provides an enhanced user experience, which results in revenue growth for the company. Thus, adopting new tools and technology can cut the time required to find suitable suppliers by ~90 percent.
"We have powered our procure-to-pay software with our revolutionary Merlin AI suite. By this, we aim to make the procurement process 60 percent touchless and allow our customers to speed up the supplier selection process by providing data-driven actionable insights and free-up bandwidth to focus on strategic activities", says Aatish Dedhia, Founder and CEO of Zycus.
Fascinated by the power of Merlin for eProcurement and want to be a part of the Zycus family?
Merlin for eProcurement is the way forward to make your procurement completely touchless. It takes over tactical tasks, empowers procurement, and supports cost management, compliance, checks and controls to make the entire procurement process smooth and efficient.
To strengthen supplier relations, mitigate risks and contribute to strategic initiatives such as new product development and support sustainable growth, adopt our state-of-the-art offering.
Buyer Smart Desk helps the buyer to make quick and intelligent decisions as it automatically processes all the non-catalog requisitions to purchase orders using out-of-the-box intelligence. It suggests and highlights any issues in selecting the best-suited supplier and chart of accounts string match. The solution also identifies a statement of work and quotation from the requisitions and verifies its authenticity.
Autonomous Quick Source flips requisitions into a quick source event. It reduces the time to select the right supplier as its AI-enabled capability allows it to support the auto-addition of suppliers, quote extraction and modification, supplier bid comparison, and analysis. The entire process emulates a B2C type user experience.
With Merlin for eProcurement, you can achieve:
- 60% reduction in PR to PO cycle time
- 40% liberation in buyer time from tactical PO process
- 50% decrease in PO processing cost
- 70% touchless PO transactions
- Easy integration with existing ERP or third-party application
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.
Senior Executive - Marketing, Zycus Inc.