Zycus Completes Fully Integrated iContract Implementation for a Leading Global Financial Services Organization

USA, OCTOBER 31, 2018 – Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced successful Contract Lifecycle Management implementation for a leading global financial service organization. The implementation was completed in a record time.

The organization offers a wide range of financial products and serves millions of clients.

The current contracting process at the organization was manual. They wanted to automate contract authoring and approving process to increase the efficiency and reduce the contract life cycle.

With Zycus’ iContract solution, the organization has achieved the ability to realize negotiated savings and maximum value from their contracts through real-time monitoring and tracking of contract compliance and utilization across the contract lifecycle.

“The solution has helped reduce the workload drastically by enabling an effective process to author contracts and automate approvals. The contract authoring cycle time is expected to reduce by 14 percent”, said Dhaval Dave, VP Global delivery – US, Zycus Inc.

Zycus achieved integration with the organization’s GRC system to feed contract details on a dynamic basis. As part of phase II, Zycus is working on integrating iContract with their current cloud-based IT management platform to receive the contract initiation data, thereby smoothly and completely embedding into the organization’s system.