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Business Wire
6 days ago
- Business
- Business Wire
Zycus Named a LEADER in 2025 IDC MarketScape for Source-to-Pay
PRINCETON, N.J.--(BUSINESS WIRE)-- Zycus, a global leader in AI-powered procurement technology, has been named a Leader in the IDC MarketScape: Worldwide AI-Enabled Source-to-Pay 2025 Vendor Assessment. This recognition follows a comprehensive evaluation, including RFI submissions, live product demos, analyst briefings, and customer interviews. 'Zycus is a recognized Leader in the Source-to-Pay space leveraging Agentic AI to drive procurement transformation. With AI agents like Merlin Intake and the Autonomous Negotiation Agent (ANA), Zycus offers a seamlessly integrated solution suite for enterprises focused on cost savings, risk mitigation, and scalability,' — Patrick Reymann, Research Director, IDC 'We believe this recognition underscores our commitment to empowering procurement teams through Merlin Agentic Platform, deep domain expertise, and customer-first innovation,' said Aatish Dedhia, Founder & CEO, Zycus. 'With a global product footprint spanning every aspect of the S2P lifecycle, Zycus is proud to support enterprises worldwide in achieving procurement excellence.' The report acknowledges Zycus's strengths in: AI-Driven Automation and Compliance: Zycus leverages GenAI, Agentic AI and advanced automation to streamline invoice-to-PO, contract, and receipt validation, supporting 2-way, 3-way, and 4-way matching. The platform's AI-driven anomaly detection flags pricing mismatches, duplicate invoices, and policy violations, enhancing compliance and reducing manual intervention. Customer Support: Users express broad satisfaction with customer support and find the Zycus support infrastructure to be responsive and attentive. Zycus' Voice of the Customer program is an innovative approach that drives actionable insights to shape product development. The report further states: 'Buyers should consider Zycus when seeking a mature, AI-powered, and forward-thinking S2P platform that delivers robust automation, compliance, and supplier collaboration. Zycus is particularly well-suited for mid-sized to large multinational organizations aiming to digitize procurement, enforce policy compliance, and drive efficiency across the full S2P lifecycle.' Integrated Source-to-Pay Platform Zycus provides a modular suite covering procurement, eInvoicing, spend analysis, supplier and contract management, and sourcing. The platform integrates seamlessly with leading ERP and finance systems, offering bi-directional sync and customizable workflows. For more information on Zycus' Source-to-Pay Suite and its position in IDC MarketScape, click here. About IDC MarketScape IDC MarketScape's vendor assessment model is designed to provide an overview of the competitive fitness of technology and service providers in a given market. The research methodology employs a rigorous scoring system based on both qualitative and quantitative criteria, resulting in a single graphical illustration of each vendor's position.
Associated Press
12-03-2025
- Business
- Associated Press
Times Square Nasdaq Tower Spotlights Zycus's Merlin Agentic Platform
Zycus, a global leader in AI-powered procurement solutions, has marked a historic moment in procurement technology with the grand unveiling of its Merlin Agentic Platform (MAP). New York, United States, March 12, 2025 -- Zycus, a global leader in AI-powered procurement solutions, has marked a historic moment in procurement technology with the grand unveiling of its Merlin Agentic Platform (MAP). To commemorate this technological milestone, the company's latest innovation was prominently displayed on the Nasdaq Tower in Times Square highlighting Zycus's bold vision for the future—ushering in the Agentic AI era, where AI agents autonomously drive procurement operations, delivering unparalleled efficiency, savings, and strategic value. Speaking about the significance of this launch, Aatish Dedhia, Founder & CEO of Zycus, stated, 'Traditional AI automates predefined tasks, but Agentic AI takes a quantum leap—it enables true autonomy in procurement. With AI agents handling execution, procurement leaders can focus on innovation, resilience, and delivering deep value.' Later that evening, Zycus hosted an exclusive event at The Skylark, Times Square, bringing together customers and senior procurement leaders to celebrate the launch and explore the potential of Agentic AI in driving procurement innovation and efficiency. Customer Reactions: A Landmark Moment for Procurement AI Zycus's showcase on the Nasdaq Tower garnered enthusiastic praise from customers and industry leaders, highlighting its impact as a defining moment for the future of procurement AI: 'It is very impressive, seeing Zycus on the Nasdaq Tower. A defining moment for AI in procurement.' 'Excellent work! Zycus is truly pushing the boundaries of AI in procurement.' The event signified more than just a brand refresh—it was a bold statement on the future of procurement, as enterprises move beyond automation to Agents-driven execution. Unlocking Deep Value with Agentic AI At the heart of this innovation is the Merlin Agentic Platform (MAP)—an AI-powered ecosystem of autonomous agents designed to optimize sourcing, streamline procurement intake, negotiate contracts, and enhance supplier collaboration. Unlike traditional automation, Agentic AI enables procurement teams to move from process management to outcome orchestration. Revolutionizing Procurement with AI Agents: Procurement Intake and Negotiation By using autonomous AI Agents, the solution can reduce procurement cycle times by up to 40%, increase savings by 15-20%, and enhance supplier collaboration with 50% faster issue resolution. Zycus' AI-powered Merlin Intake also simplifies procurement requests, reducing intake handling time by 60% and increasing compliance by 35%. This ensures that business users receive what they need without navigating complex procurement policies. While, Merlin Autonomous Negotiation Agent (ANA) is reshaping tail spend management, independently negotiating contracts, and obtaining additional savings on low-value purchases. With these AI-driven capabilities, Zycus is pioneering the future of procurement, where humans and AI agents work in harmony to maximize efficiency, agility, and compliance. Leading Procurement For over two decades, AI in procurement has been a promise. Today, Zycus is delivering on that promise—turning AI into a tangible force for procurement transformation. Unlike bolt-on solutions, MAP is built natively within the Source-to-Pay (S2P) ecosystem, ensuring seamless integration and real-world impact at scale. With Nasdaq as the backdrop for this groundbreaking announcement, Zycus is sending a clear message: The future of procurement is not just digital—it's autonomous. Discover how Merlin Agentic Platform can unlock deep value for your organization: About the company: Zycus, recognized by Gartner and Forrester as a leader in procurement technology, empowers teams to unlock deep value through its AI-driven Source-to-Pay (S2P) solutions. At its core, the Merlin Agentic Platform orchestrates intelligent AI agents to streamline processes, enhance compliance, and drive efficiency. Name: Moulshri Sharma Email: Send Email Organization: Zycus Release ID: 89155113
