Zycus Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Zycus Strengths, Domain Expertise, and Key Differentiators

Zycus offers a comprehensive Source-to-Pay suite of procurement performance solutions, encompassing strategic and operational aspects. Its product portfolio includes eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, and Financial Savings Management applications.

Zycus Recent Developments

In July 2021, Zycus submitted a patent application for its Artificial Intelligence-powered Merlin Invoice Reader to the United States Patent and Trademark Office (USPTO). This innovative solution automates the extraction of essential data from both header and line levels of invoice documents.

In August 2018, Zycus announced the successful global implementation of its procurement automation solutions, covering e-Sourcing, Project Management, and Financial Savings Management. Additionally, Zycus had already offered its Spend Analysis application to address service providers' spend classification and monitoring requirements.

In 2019, Zycus introduced Zycus Merlin A.I., StudioTM, empowering procurement teams to automate routine tasks. With Merlin, teams can configure and deploy intelligent bots to efficiently handle most standard procurement activities with minimal human oversight.

In March 2020, Zycus introduced Praemia, an elite rewards program positioned as its Flagship Customer Advocacy Solution. Praemia offers customers the chance to expand their professional network within their industry and advocate their procurement transformation journey alongside global industry leaders.

In April 2020, Zycus announced the release of its enterprise Contract Lifecycle Management platform, Zycus CLM Connect, on Salesforce AppExchange. This integration empowers Sales Managers, Account Managers, and Business Development Professionals to streamline the entire contracting process within their Salesforce application.

Zycus Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Zycus applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Zycus and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Zycus Source-to-Pay Software Suite, customers.

Zycus Key Enterprise and Cloud Applications

Zycus Source-to-Pay Software Suite,

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Zycus Direct vs Indirect sales

Zycus Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Zycus Customers

No. of Zycus Customers: 450

No. of Zycus Enterprise Applications Customers: x

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Zycus boasts over 300 solution deployments across its Global 1000 clientele, including prominent names such as Curtiss-Wright, SMRT Corporation, Nestle Waters, 3M, Fonterra, ING Bank, Carlson, Colgate Palmolive, AMD, Wells Fargo, RioTinto, USAA, Telstra, CBA, Akzo Nobel, Monash University, Crown Resorts, RSL Care, Avebe, Ma’aden, Emirates NBD, and more. Noteworthy recent additions to its client roster include Ahold Delhaize, Kerzner International, Ascendas - Singbridge Group, among others.

During the initial half of 2020, Zycus expanded its clientele by securing notable contracts. Notably, a leading senior living community provider engaged in a 3-year partnership with the software firm. This collaboration entails the adoption of Zycus' Genesys Essentials Suite, comprising comprehensive modules such as Full P2P, iContract, iSupply, iAnalyze, iConsole, and an Invoice Extraction BOT. Furthermore, Industrial Chemical Manufacturing opted for Zycus to fulfill their requirements in contract management.

Zycus Market Opportunities, M&A and Geo Expansions

In November 2020, Pagero and Zycus, a leading provider of AI-powered source-to-pay solutions, announced a strategic partnership. This collaboration is designed to expedite customers' digital transformation journeys and enhance e-invoice compliance worldwide.

Despite the challenges posed by the COVID-19 outbreak, Zycus maintained uninterrupted operations by activating its business continuity plan. The company transitioned customer-facing activities to virtual formats and restricted travel for its teams through mid-April. Moreover, Zycus formed a strategic partnership with Walden Global Services (WGS), an enterprise software solution provider in Indonesia, to enhance support for Zycus' suite implementation in Southeast Asia.

In February 2019, Zycus forged a strategic partnership with Optimal Cost, a Singapore-based consultancy renowned for procurement optimization and transformation. This collaboration enables Zycus to capitalize on Optimal Cost's expertise, particularly in implementing Zycus' suite of services in Singapore. The alliance strategically enhances Zycus's footprint in the APAC region.

Zycus Risks and Challenges

Expanding its customer base is crucial for Zycus to increase its market share, particularly as more customers rely on eMarketplaces for procurement and sourcing.

Zycus Ecosystem, Partners, Resellers and SI

Zycus strengthened its collaboration with Dun & Bradstreet, a leading provider of commercial data, analytics, and insights. Integrating Dun & Bradstreet's global insights into Zycus Spend Analysis enables enhanced market data intelligence, supplier data enrichment, and commodity categorization capabilities.

In 2020, Zycus expanded its network of partners and resellers, including a notable addition with South African management consultancy Letsema. Letsema will serve as a reseller and implementation partner for Zycus' full suite of procurement automation software in the African region.

In September 2018, Zycus formed a strategic partnership with Velocity Procurement, a top-tier procurement consultancy. This collaboration offers premium technical and administrative support options to Zycus' North American clientele. Velocity Procurement specializes in aiding medium and large organizations with procurement transformation and the implementation of Zycus suites.

Zycus Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: