March 24, 2022, Princeton, New Jersey: Zycus, the pioneer in Cognitive Procurement, announced today that it has been recognized as a Strong Performer by Forrester Research Inc., in "The Forrester Wave™: Supplier Value Management Platforms, Q1 2022” report.
Supplier Value Management is Forrester’s a new label for software that supports business processes for sourcing, contracting, buying, and managing supplier relationships. Zycus was among the select providers invited to participate in The Forrester Wave™ evaluation for Supplier Value Management Platforms. The vendors were evaluated on 31 criteria covering current offering, strategy, and market presence.
The report specifically notes:
- “Zycus is an SVM AI Innovator…”. With the highest possible score in the innovation roadmap criterion, “Zycus also has a more ambitious and more credible innovation roadmap than most of its competitors.”
- “The new “dewdrops” UI is one of the best among SVM products.”
“Zycus is ideal for enterprises that want to transform S2C, P2P, or both, especially if they are keen to embrace new uses of AI as part of that transformation.” states the report authored by Forrester Vice President, Principal Analyst, Duncan Jones and Forrester Senior Analyst, Jeffrey Rajamani.
Appreciating the recognition, Aatish Dedhia, Zycus Founder & CEO, commented,“We believe this recognition is a testament to the transformational value being derived by our customers across the world, and our continued focus and investment on Cognitive Procurement with our Merlin AI suites, and further validates our ability to transform and create value for buyers and suppliers digitally.”
Learn more: Vendor Management
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.
Manager - Marketing, Zycus Inc.