An integrated AI engine that uses NLP and machine learning to read, understand, and extract data from unstructured documents like contracts and invoices. It automates clause extraction, risk assessment, and obligation tracking.
Automatically cleanses, classifies, and enriches transactional spend data from multiple ERP and financial systems to provide a unified, accurate view of organizational spending.
Facilitates the entire sourcing process from RFx creation and supplier discovery to e-auctions and award analysis, with built-in templates and collaboration tools.
Provides a 360-degree view of suppliers, including performance scorecards, risk monitoring, compliance tracking, and collaboration portals.
Captures invoice data via OCR, validates it against purchase orders and contracts, and automates matching and approval workflows, routing exceptions for human review.
Manages contracts from creation and negotiation through execution, compliance, renewal, and termination, all within a centralized repository.
Legal and procurement teams at large corporations use Zycus's CLM module with Merlin AI to automatically analyze thousands of existing contracts. The AI extracts key clauses (e.g., termination, liability, SLA), flags non-standard or risky terms against a pre-defined playbook, and tracks obligations. This enables rapid due diligence during mergers, ensures regulatory compliance, and prevents costly oversights by providing a searchable, intelligent contract repository.
Chief Procurement Officers (CPOs) and sourcing managers leverage Zycus's Intelligent Sourcing suite to run complex RFPs and reverse auctions. The AI analyzes supplier bids, compares them against historical data and market benchmarks, and recommends awards. This data-driven approach helps identify the most cost-effective and qualified suppliers, leading to significant cost savings and improved negotiation outcomes.
Finance and AP departments implement Zycus's Invoice Management module to eliminate manual invoice processing. Invoices are captured digitally, matched to POs and contracts automatically, and routed for payment. Exceptions are flagged for review. This use case reduces processing time from days to hours, minimizes errors, improves early payment discount capture, and frees staff for higher-value tasks.
Supply chain and risk management teams use the SRM module to monitor their supplier base. The system aggregates data from financial feeds, news sources, and internal performance metrics to generate risk scores and alerts for issues like financial instability, delivery failures, or ESG concerns. This allows organizations to proactively diversify their supplier base or engage in corrective actions to ensure supply chain resilience.
CFOs and finance analysts utilize Zycus's Cognitive Spend Analysis to gain a clear, accurate, and categorized view of all company expenditures. The AI cleanses data from disparate systems, identifying maverick spending and tail spend (low-value transactions with many suppliers). This visibility is the first step towards consolidating suppliers, negotiating better volume discounts, and enforcing procurement policies, directly impacting the bottom line.
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