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Cognitive Source to Pay that enables
sustainable performance
Empowers your teams to go beyond the tactical to strategic, because your teams are meant for more.
Why Zycusโ Source-to-Pay Suite?
Organically Built
AI Powered
Hyper-Digitalization
Building blocks of Zycus Source-to-Pay suite
Comprehensive
Offering
Strong Suite-Wide
Analytics
Technology
Integration
Ease-of-Use
Customer Centricity
Long Term Partnership
Evaluate Zycusโ Source-to-Pay Suite
Our procurement software suite comprises of modules for both source-to-contract and procure-to-pay procurement process
Unlock the potential savings and get the most accurate, granular and fast spent visibility into your organization-wide spend by using the power of AI.
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Automate and dramatically accelerate your sourcing process and make the entire process more proactive and strategic with the advanced sourcing solution.
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Simplify complex contracting process and use the power of AI to identify and mitigate the contract risk.
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Smoothly maintain a collaborative and innovative relationship with suppliers by automating all aspects of supplier performance and information management.
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Get real time risk alerts and identify the impacted suppliers by leveraging the power of AI.
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Backed by Guided Procurement System, the P2P innovation helps users select the right category and web-form, suggest the right suppliers and route the requisition to the right buyer, that can be approved using smart-phone, without logging-in.
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Manage end-to-end catalog life-cycle including approval & catalog update with versioning & change summary. Powered by AI, it auto-classifies catalog and punch-out items.
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Enable rule-based touch-less PO generation to automatically flip requisitions to PO and ensure 100% spend is classified as per the taxonomy to allow real-time spend analysis.
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Obtain a touchless and paperless automated payment transactions for PO and non-PO invoices as well as e-Invoices submitted by suppliers through the portal.
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Streamline invoice handling from receipt to payment and ensure that the invoices are matched and routed for approval according to your internal guidelines and forwarded for payment automatically.
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The Forrester Waveโข: CLM for Buy-Side Contract Suite, Q4 2021
Gartnerโs Magic Quadrant for Source-to-Pay Suites 2024
The Forrester Waveโข: Source-to-Contract, Q4 2019
FAQ's
How source-to-pay suite can simplify source-to-pay cycle?
What are the key modules of Zycus Source-to-Pay suite?
Upstream
- Spend Analysis
- eSourcing
- Project Management
- Contract Management
- Supplier Management
- Financial Savings Management
Downstream
- Requisition Processing
- Catalog Management
- Purchase Order Management
- Invoice Management
- Electronic Invoice Capture
- Invoice Matching and Workflow
- Payments and Discounting
Why use source-to-pay?
Source-to-pay automates the laborious manual work in the sourcing process. With technology, source-to-pay dramatically improves efficiency when choosing, negotiating, and onboarding new suppliers or vendors. It helps in: Upstream
- Enabling strategic activities
- Easier supplier management
- Faster ordering
- Minimizing manual work
- Accurate supplier onboarding
- Streamlining and standardizing the process
What does Source to Pay Mean?
Source-to-Pay is an end-to-end sourcing and procurement process that includes strategic sourcing, purchasing, supplier management, performance management, spend management, and accounts payable. Zycus' Source-to-Pay software uses AI,ย Merlin, to create the most efficient procurement process.
What is the difference between source to pay and procure to pay?
The procure-to-pay process usually begins with requisitioning goods and services and ends when the accounts payable team pays the vendor.
Source-to-pay goes one step ahead of P2P and starts with searching for a new vendor. Strategic sourcing becomes part of the S2P process; it gives a more closely integrated spend management solution, ensuring that the best vendors are selected.
Zycus offers solutions for both Source-to-Pay andย Procure-to-Pay.
How does S2P Work?
Source-to-pay is the process that initiates with finding, negotiating andย contractingย the supplier for goods, and ends with the last payment for those goods. It involves a lot of activities from sourcing, negotiation, contract management, and invoicing. It includes the following steps:
- Demand
- Sourcing
- Preparing a bid
- Decision making
- Contract management
- Contract signing
- Transition to procure to pay
- Procurement
- Accounts payable invoice processing
- Payments
What are primary KPIs of Zycus source to pay software?
How source to pay software can help suppliers?
Zycus Supplier Networkย ensures better collaboration between suppliers and buyers through a unified network. The smooth flow of information results in timely invoice processing, delivery, and payments.