MIAMI--(Business Wire / Korea Newswire)--Zycus, the pioneer in Generative AI-powered Source-to-Pay solutions, ignited a wave of innovation at its annual procurement conference, Horizon 2024. The event showcased a groundbreaking suite of GenAI advancements designed to elevate automation, intelligence, and efficiency throughout the Source-to-Pay (S2P) process.

Zycus Revolutionizes Procurement with Merlin

Zycus introduced a two-pronged approach to GenAI-powered procurement:

· Merlin Assist Chatbot: Integrated with Microsoft Teams, this AI assistant acts as the “front door” to procurement, allowing users to ask questions, extract contract details, generate summaries, develop strategies, and streamline workflows—all within the familiar Teams environment. As we say at Zycus, AI is the new UI.
· Merlin GenAI Power Apps: Delivered through AppXtend, these applications unlock 10x efficiency and effectiveness, addressing critical tasks such as streamlining approvals, automating contract risk management, simplifying sourcing, enhancing Accounts Payable, automating project management, facilitating supplier risk management, and validating reports with Insight Studio.

“Zycus’ Merlin GenAI addresses critical pain points across the S2P process, surpassing basic automation like invoice processing or user assignment,” said the Head of Indirect Procurement of a Global 500 company at Horizon.

Aatish Dedhia, Founder & CEO of Zycus, highlighted, “With over 20 years of AI-driven innovation including five years with the Merlin AI platform, Zycus has built deep, well-managed datasets, ensuring effective GenAI model training and a nuanced understanding of customer needs. Our AppXtend API framework enables rapid development, deployment, and deep integration of GenAI across S2P processes.”

Industry Validation: Microsoft Recognizes Zycus Leadership

“AI will transform the way individuals, teams, and organizations work,” said Samik Roy, Executive Director, Corporate, Medium and Small Businesses, Microsoft India. “Zycus has integrated Azure OpenAI to infuse AI into its daily operations. The quantitative impact is very encouraging. From personalized experiences to streamlined workflows, AI will start becoming the cornerstone of Zycus’s success.”

Zycus Horizon: A Springboard for GenAI Leadership

Horizon 2024 served as a powerful platform for Zycus to demonstrate its leadership in GenAI-powered procurement solutions, empowering businesses with significant efficiency gains, agility, cost savings, and a competitive advantage.

About Zycus:

Zycus is the leader in Source-to-Pay (S2P) solutions, pioneering the world’s first Generative AI powered platform that helps procurement achieve 10X speed and efficiency. It has been a trusted partner of choice for large global enterprises and is consistently recognized by leading analysts like Gartner and Forrester.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520570248/en/

Website: https://www.zycus.com/?utm_source=BW&utm... View Korean version of this release Contact Zycus
Associate Director - Marketing
Arnish Shah
[email protected]
This news is a press release provided by Zycus. Korea Newswire follows these editorial guidelines. Zycus News ReleasesSubscribeRSS 자이커스, 호라이즌 2024에서 생성형 AI 혁신으로 차세대 조달 역량 발휘 생성형 AI 기반 소스-투-페이(Source-to-Pay) 솔루션 의 선구자인 자이커스(Zycus)가 연례 조달 컨퍼런스인 ‘호라이즌 2024(Horizon 2024)’에서 혁신의 물결을 일으켰다. 이 행사는 소스-투-페이(Source-to-Pay)(S2P) 프로세스 전반에 걸쳐 자동화, 인텔리전스 및 효율성을 높이도록 설계된 획기적인 생성형 A... 14:20 More News Technology Software Artificial Intelligence Event Overseas Zycus All News Releases 