Zycus & Microsoft Creating World’s First GenAI S2P Platform

The collaboration sets another new milestone by announcing integration with Microsoft Azure OpenAI Service. The pair is turning the idea of the GenAI powered S2P platform into a reality as it harnessing the power of AI to transform source to pay processes in procurement, which will harness the power of advanced AI to revolutionise end to end source to pay processes, offering unprecedented efficiency, compliance, and ease of use.

Zycus, a global leader in cognitive procurement technology solutions, incorporated various GenAI capabilities in the existing S2P Suite under the Merlin Assist offering. It is available both through an app published on Microsoft Teams and via Zycus web app.

How AI is enhancing Zycus's platform

Aatish Dedhia, Founder and CEO of Zycus, said: “We are thrilled to partner with Microsoft. Many of our clients, global enterprises from across the world, have deployed Merlin Assist as part of our early access program and share very encouraging feedback on ease of use, compliance, and productivity. We are certain that sourcing and procurement will be fundamentally transformed in the months to come.

“By combining the strengths of Azure OpenAI with Zycus’ native source to pay platform, we are setting a new standard in the industry. Our clients can now experience enhanced efficiency, risk management, and user engagement, driving procurement transformation at scale.”

How AI is already enhancing procurement

AI is already enhancing the S2P process, such as Azure OpenAI, Zycus can enhance the end-to-end procurement lifecycle, starting from swift recommendations of alternate suppliers to simplifying contract management with abstract language contract processing. Zycus has also built autoscore request for proposal (RFP) capability that accelerates proposal evaluations. These innovations reduce manual efforts, saving valuable time and minimising errors.

Zycus has also integrated its platform with Microsoft Teams to boost adoption, which makes procurement accessible to everyone. From policy adherence, extracting contract line items to comprehensive supplier response summaries and RFQ (Request For Quotation) questionnaire generation, all the features are built to continuously enhance user experience and get maximum return on investment from the platform.

The integration ensures more accurate, data-driven insights on alternative items, PR/PO summaries, and price trends, facilitating smarter purchasing choices procurement decisions, minimising risks and optimising outcomes.

Samik Roy, Executive Director, Corporate Medium and Small Businesses, Microsoft India, added: “AI will transform the way individuals, teams and organisations work. Zycus has integrated Azure OpenAI to infuse AI into its S2P Platform. The quantitative impact is very encouraging. From personalised experiences to streamlined workflows, AI will start becoming the cornerstone of Zycus’ customers’ success.”

The Microsoft and Zycus integrated platform will be on display at ProcureNxt on April 9.

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