Zycus Recognized as a Sample Vendor in the Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, 2023

PRINCETON, NJ, 21^st Aug 2023: Zycus, a pioneer in cognitive procurement solutions, is pleased to announce its inclusion as a Sample Vendor in the distinguished Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, 2023. We believe that the acknowledgment underscores Zycus’ unswerving commitment to fostering innovation within the procurement sector.

Zycus has been identified as a sample vendor in seven categories within the Hype Cycle, including:

• Autonomous Procurement
• Source-to-Pay Suites (S2P)
• Procure-to-Pay Suites (P2P)
• Conversational AI
• Prescriptive Analytics
• Autonomous Sourcing
• Savings Management

The Gartner® Hype Cycle™ for Procurement and Sourcing Solutions underscores the potential of Autonomous Procurement to reshape traditional procurement processes. The report explicitly states, “Autonomous procurement offers a high return on investment and compliance with organization policies and goals due to its potential to completely reshape how procurement is executed. Autonomous procurement will free organizations to redeploy resources to higher-value activities. The combination of reduced labor costs, reductions in noncompliant spending and error reduction will bring immediate savings to the bottom line.”

Aatish Dedhia, Founder & CEO, Zycus, commented on the recognition, stating, “We are pleased to be recognized as a Sample Vendor in Gartner Hype Cycle for Procurement and Sourcing Solutions, 2023. Zycus has consistently aimed to revolutionize procurement processes through the application of advanced technologies and demonstrated its ability to develop and implement cutting-edge AI technologies to address the complex challenges faced by procurement professionals.”

As a leader in cognitive procurement solutions, Zycus remains steadfast in its dedication to driving innovation and shaping the future of procurement. For more information about Zycus and its AI-driven procurement solutions, please visit www.zycus.com.

Gartner, Hype Cycle for Procurement and Sourcing Solutions 2023, By Kaitlynn Sommers, Micky Keck, Lynne Phelan, Naveen Mahendra, Cian Curtin, Chaithanya Paradarami, 19 July 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and Hype Cycle is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. 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’s 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.