Modern procurement marked by the advent of Industrial 4.0 robust technology puts focus on data-driven acquisition process, equipping companies and organizations across the supply chain with connected cyber functionality. In a recent survey by The Hackett Group, 84% of respondents said digital transformation would fundamentally change the way procurement services are delivered over the next 3 to 5 years. Coupled with enhanced connectivity through Cloud and IoT, digital transformation to procurement process precipitated the rise for new technology building blocks like Blockchain and AI.
The shift from traditional to digital revolves around tactical planning in gaining the most cost-effective procurement with significant lead-time. The application of 4.0 groundbreaking technology driven by the need to execute procurement task based on vital insights are made possible with comprehensive data extraction and pattern recognition software, reflecting the global procurement software market that are expected to rake in revenue of about $5.14 billion in 2017. Evidently, digitization serves as a key driver in burnishing procurement as an invaluable pillar in the supply chain.
Zycus is a leading global provider of A.I. powered Source-to-Pay suite of procurement performance solutions. Our comprehensive product portfolio includes applications for both the strategic and the operational aspects of procurement- eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, Request Management, and Merlin A.I. Suite.
The Merlin A.I. Suite is a unique platform consisting of pre-packaged intelligent BOTs to automate run-of-the-mill procurement and A.P. tasks with smart, predictive suggestions. It enables teams to improve productivity through optimal efforts, enhance accuracy with minimal human intervention, and focus on strategic activities. Zycus’ Merlin A.I. BOTs introduce cutting edge Artificial Intelligence technologies in procurement operations, making it genuinely autonomous and cognitive.
Our spirit of innovation and our passion for helping procurement create greater business impact are reflected among the hundreds of procurement solution deployments that we have undertaken over the years. We are proud to have as our clients, some of the best-of-breed companies across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more.