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Source to Pay Software

Efficiency in every step, savings at every turn, and risks always under control with GenAI Powered Source to Pay software

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WHAT OUR CUSTOMERS SAY

Checkout how our customers are leveraging GenAI-Powered Source to Pay Platform

Research Report

Seven Keys to Better Sourcing and Supplier Management

Our Marquee Clientele

Zycus AI-Powered Solutions for Any Source to Pay Software Challenges

Adapt to Changing Business Demands
Evolve seamlessly with AI-powered tools that align your procurement strategies with dynamic business goals, ensuring sustained growth and innovation
Proactive Risk Management Across S2P
Integrate proactive risk management throughout your S2P process—from supplier selection, onboarding to payment—ensuring compliance, and securing your operations at every step
End-to-End Visibility and Control
Gain complete visibility & control over your S2P process. Track every transaction, manage supplier performance, & optimize spend with real-time insights across S2P

Why Zycus' Source to Pay Software?

Organically Built
Seamless data flow across the organically-built S2P suite having a single code base.
Merlin Gen-AI Driven automation
Merlin AI-driven automation of mundane, repetitive tasks to free up resources for higher-priority and strategic initiatives.
Composability
AppXtend Platform-as-a-service (PaaS)) offers customized GenAI apps for various verticals, category, geography, third party integration specific needs. You could simply download and use.

Comprehensive Source to Pay Software Solution

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Get centralized view of all your supplier data, create custom forms including essential details like Company details, TAX ID, Product & Services Category (UNSPSC), Payment Terms etc. Tailor supplier assessments based on the supplier's industry & product category. Perform holistic supplier risk analysis with Merlin Analytics (MA).
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Consolidate risk data, including 3rd party providers, into a unified, filterable AI dashboard. Configure risk assessment workflow for potential/ operational suppliers for continuous performance monitoring. Get real-time alerts of potential issues, starting right from the supplier selection stage
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Obtain fast and granular visibility into global spends and unlock potential cost-saving opportunities
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Define custom KPIs (Key performance indicators) or import from KPI library, assign weights, define compulsory/ optional questions to track critical supplier scores and metrics. Utilize AI dashboards for real-time supplier performance insights
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Conduct periodic or ad-hoc performance reviews based on set criteria. Create targeted development plans with Supplier Corrective Action Requests (SCARs) to address issues and improve supplier performance over time
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Carry out peer group KPI Benchmarking and get cross-community insights across multiple metrics such as cycle time, category savings, supplier consolidation and many more
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Utilize a centralized repository for up-to-date supplier information and ensure smooth onboarding

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One-stop risk solution for supplier profiling, risk scoring, and early risk identification and mitigation

S2P Management Tools

Management Tools

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Uncover financial, ESG, legal, compliance, information security and other external risk data from numerous internet sources (News/Govt public/ Sanction lists) with Merlin Risk Radar (MRR). Additionally, identify internal risk exposures in terms of supplier performance like active contracts, PO, spends, sourcing events and many more
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Reduce intake friction and enhance user experience with GenAI-powered solutions. Say goodbye to complex processes and welcome a 70% faster intake time, empowering users, and optimizing processes.
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Consolidate risk data, including 3rd party providers, into a unified, filterable AI dashboard. Configure risk assessment workflow for potential/ operational suppliers for continuous performance monitoring. Get real-time alerts of potential issues, starting right from the supplier selection stage

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Centralize data to generate insights, gain real-time visibility and utilize business intelligence across the source-to-pay suite

Key Features That Set Zycus Apart

Autonomous Quick Source
Rapidly identify and engage the best suppliers with AI-driven sourcing that handles supplier discovery, RFx management, and bid analysis, reducing cycle times and accelerating procurement decisions.
RFX Scoring Pro

Score supplier responses in no time. With GenAI's ability to assess response conciseness, strength, and weaknesses, scorers can make informed decisions faster, ensuring a more efficient event analysis stage

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Obligation Extract Genie

Extract obligations from contracts automatically to improve compliance.

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Risk Mitigation Genie

Effortlessly monitor and manage supplier risks with real-time summaries (risk cards), and automated assessments, ensuring continuous risk oversight and proactive mitigation

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AP Smart Desk

Revolutionize accounts payable with AI-driven automation, simplifying processes and improving efficiency

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Cognitive Analytics

Transform data including spend data, supplier information into actionable insights with GenAI, driving strategic decisions and continuous improvement across S2P.

FAQ's

S2P suite streamlines your procurement processes and keep pace with dynamic market changes.
Generative AI enhances procurement by automating routine tasks, providing predictive analytics for better decision-making, offering insights into spending patterns, and improving supplier relationship management.
Yes, Generative AI Powered Source to Pay Software is designed to seamlessly integrate with existing ERP and procurement systems, ensuring a smooth transition and enabling data to flow freely across platforms for a unified procurement ecosystem.
Benefits include increased user adoption, operational efficiency, cost savings, improved compliance and risk management, enhanced supplier negotiation and selection, and better financial visibility.
Generative AI employs advanced security protocols, data encryption, and compliance standards to protect sensitive procurement data. It also stays updated with global regulatory requirements to ensure all procurement activities are compliant, reducing the risk of breaches and non-compliance penalties.
S2P suite streamlines your procurement processes and keep pace with dynamic market changes.
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

Source-to-pay is the process that initiates with finding, negotiating and contracting 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

Zycus’ Source-to-Pay is the only organically built and integrated suite in the industry. It ensures seamless data flow, provides a single view, and breaks the silos. Since everything is on the same platform, if you create a supplier or contract, that information will be available across the suite. You don’t need to worry about integration between the systems or transactions getting stuck.

Zycus Supplier Network ensures better collaboration between suppliers and buyers through a unified network. The smooth flow of information results in timely invoice processing, delivery, and payments.

Resources

Six Reasons Automation Can Improve Accounts Payable Processes
8 Reasons to go for Integrated Source-to-Pay Suite
10X Source to Pay with GenAI- Cover
10X Source to Pay withGenAI
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9 Reasons Why Source-to-Pay Automation is Good for your Company

Success Stories

delta
Delta Air Lines Powers Procurement Transformation “One way to Procure at Delta” with Zycus’ Source to Pay Solution
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SM Retail transforms its source-to-pay operations with Zycus’ suite of solutions
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Transforming Procurement at a Global Electronics Manufacturing Company
Source to Pay Software Powered by Generative AI | Zycus

Zycus' Source to Pay software powered by Generative AI for efficient sourcing, streamlined approvals, & automated payments. Get a FREE demo!

Application Category: BusinessApplication

Editor's Rating:
4.99
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Zycus Named a LEADER In The Forrester Wave™:
Supplier Value Management Platforms, Q3 2024

Forrester Q3 Leader
Looking to stay ahead in the competitive procurement landscape? Forrester Research’s latest report, “The Forrester Wave™: Supplier Value Management Platforms, Q3 2024, offers essential information on Supplier Value Management. Download now!

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DM - Forrester Report 2024 - Zycus

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