Zycus Strengths, Domain Expertise, and Key Differentiators
Zycus is a provider of a complete Source-to-Pay suite of procurement performance solutions. Its comprehensive product portfolio includes applications for both the strategic and operational aspects of procurement - eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, and Financial Savings Management.
Zycus Recent Developments
In July 2021, Zycus filed a patent for its Artificial Intelligence based Merlin Invoice Reader at the United States Patent and Trademark Office (USPTO). Merlin Invoice Reader is a novel invention of Zycus. It is an intelligent solution for automatically extracting key information from header and line levels of invoice documents.
In August 2018, Zycus has unveiled successful global implementation of its procurement automation solutions, including e-Sourcing, Project and Financial savings Management. Zycus had already been providing its Spend Analysis application to cater to the service provider’s spend classification and monitoring needs.
In 2019, Zycus launched Zycus Merlin A.I., StudioTM to allow procurement teams to automate mundane. Using Merlin, procurement teams can configure and launch intelligent bots to complete most run-of-the-mill procurement tasks with minimal human intervention .
Praemia, an exclusive rewards program was announced in March 2020 by Zycus, as Flagship Customer Advocacy Solution. The program offers the customers an opportunity to grow their professional network in their industry and evangelize their procurement transformation journey with global industry leaders.
In late April 2020, Zycus has informed the public of the availability of its enterprise Contract Lifecycle Management platform, Zycus CLM Connect, on Salesforce AppExchange. This integration will enable Sales Managers, Account Managers, and Business Development Professionals to manage the end-to-end contracting process directly from 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.
Ownership: - x
Number of Employees: 1300
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Zycus Key Enterprise and Cloud Applications
Zycus Source-to-Pay Software Suite,
Zycus Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Zycus Revenue Breakdown By Type, $M:
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Zycus Enterprise Applications Revenues By Functional Markets, $M:
Zycus Enterprise Applications Revenues By Verticals, $M:
Zycus Revenues By Region, $M
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Zycus Direct vs Indirect sales
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Zycus Customers - Breakdown by Geo, Size, Vertical and Product
No. of Zycus Customers: 450
No. of Zycus Enterprise Applications Customers: x
No. of Zycus Cloud Customers: x
No. of Zycus Cloud Subscribers: x
Zycus has more than 300 solution deployments among Global 1000 clients.
Among Zycus customers are 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 others.
Some of it's most recent customers are Ahold Delhaire, Kerzner International, Ascendas - Singbridge Group and others.
Zycus has opened new client service offices in Dubai, Singapore, and Melbourne in 2018.
In the first half of 2020, Zycus managed to add some more customers to his list. The software provider signed a 3-year contract with a leading provider of senior living communities. As part of this deal, the organization has licensed Zycus’ Genesys Essentials Suite that includes Full P2P, iContract, iSupply, iAnalyze, iConsole, and Invoice extraction BOTs. Industrial Chemical Manufacturing chose Zycus to met all their needs for contract management.
Zycus Market Opportunities, M&A and Geo Expansions
In November 2020, Pagero and Zycus, a provider of an AI-powered source-to-pay suite, are pleased to established a strategic partnership. The partnership aims to help customers accelerate their digital transformation process and strengthen e-invoice compliance across the globe.
In February 2019, Zycus established a partnership with Optimal Cost, a Singapore-based consultancy specializing in procurement optimization and transformation. This partnership allows Zycus to leverage Optimal Cost’s prowess and gain support in Zycus’ suite implementation services in Singapore. This strategic partnership will expand Zycus's presence in the APAC region.
Additionally, Zycus partnered with Walden Global Services (WGS), an enterprise software solution company in Indonesia. This partnership allows Zycus to leverage WGS’s expertise and gain support in Zycus’ suite implementation in South East Asia.
Zycus continued its operations in times of COVID-19 outbreak without any major interruptions. The software developer activated its business continuity plan to ensure that critical operations continue to be available and instructed all customer-facing teams to avoid any travel through mid-April and moved meetings, training, etc. to virtual formats.
Zycus Risks and Challenges
Zycus scaling out its customer count will be critical in order for the vendor to boost wallet share among customers that are turning to eMarketplaces for much of their procurement and sourcing needs.
Zycus Ecosystem, Partners, Resellers and SI
In September 2018, Zycus partnered with Velocity Procurement, a leading procurement consultancy to provide optional premium technical and administrative support to its North American customer base. Velocity Procurement is also a strategic business partner that assists medium and large organizations with procurement transformation and Zycus suite implementation services.
Additionally, Zycus expanded its partnership with Dun & Bradstreet, provider of commercial data, analytics, and insights for businesses. Dun & Bradstreet’s global insights are integrated with Zycus Spend Analysis to leverage in-depth market data intelligence, supplier data enrichment, and commodity categorization.
The year 2020 brought more partners and resellers to the Zycus portfolio. The most recent one among them is with the South African management consultancy, Letsema. Letsema will be a reseller and implementation partner for Zycus’ entire suite of procurement automation software for the Africa region.
Zycus Cloud Infrastructure Insights
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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).
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