Maybank was battling with the compounding cost arising out of age-old manual systems, long process cycles and rigidity to transform. In this case study, we share Zycus’ journey from understanding the client’s needs and core challenges to being their chosen partner for transforming their entire S2P system.
Maybank Case Study
A prominent US-based national insurance carrier made a strategic shift from paper-based processes to procurement automation, yielding significant benefits. These include reduced cycle times, rapid adoption by end users, enhanced supplier relationships, and the implementation of a compliant process with a "No PO – No Pay" policy. Discover the strategic approach taken by the company to leverage procurement automation and achieve these transformative outcomes.
Leading Insurance Company Gets a Safety Net with Zycus
Explore how Zycus transformed an Australian financial services company's procurement challenges, delivering heightened spend visibility, reduced maverick spending, a standardized framework, and strengthened supplier relations. Witness Zycus' unique edge in driving the establishment of a 'Procurement Center of Excellence' and ongoing activities for building a resilient procurement process. Optimize your operations with Zycus.
IOOF Case Study
Unlock Consistent Savings Across Your Source-to-Pay Lifecycle with GenAI-powered Cognitive Procurement
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Caters to the evolving business needs
Make the move, Modernise your procurment, Today
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Merlin GenAI can automate repetitive tasks, freeing up your team to focus on more strategic initiatives.
Merlin Assist, your GenAI-powered assistant helps you stay updated on your Source to Pay tasks directly within MS Teams thus enhancing user adoption. .
Effortless procurement through interconnected modules for enhanced efficiency and reduced manual work.
Maximize Adoption of solution
Seamlessly Integrate Source to Pay
Explore Zycus’ GenAI Powered S2P suite for unmatched ease and visibility in procurement
10X BPCE's Procurement
with Zycus'
Merlin GenAI
Why Zycus?
60% Reduction in PR to PO Cycle Time
50% Decrease in PO Processing Cost
70% Touchless PO Transactions
75% Reduction in Invoice Processing Time
65% Reduction in Invoice Processing Costs
"The new “dewdrops” (Zycus') UI is one of the best among SVM products."
-Forrester Wave SVM Suites 2022
"Customers complimented Zycus’ usability and its straightforward workflow, including the ease of moving from requests to contracts to completion..."
-Forrester CLM Wave 2021
-Forrester Wave SVM Suites 2022
"Building software that makes sourcing and procurement processes easier for people is core to its development philosophy. It also has a more ambitious and more credible innovation roadmap than most of its competitors."
"Zycus’ Merlin AI product line is unique in that Zycus develops these AI functional modules outside of the normal product codebase. This allows Zycus to quickly iterate on AI functionality without creating tech debt in its main product codebase when ideas do not result in useful functionality."
-Gartner Magic Quadrant S2P 2024
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Group Head Procurement, CGS-CIMB.
Jamie Tan
At CGS-CIMB, we believe in continuous improvement with best-in-class automation and process efficiency. Zycus is an important partner in this transformational journey, providing next-generation, sophisticated yet simple technologies that will deliver value to our key stakeholders.
Rest
Rest Strategic Procurement
Rest believes that by being a low-cost, digital-led super fund that aims to deliver seamless experiences, we will make it simpler for our members to engage with their super and help them achieve their best-possible retirement outcomes. A streamlined procurement process is critical to helping Rest achieve this goal and enabling our people to continue delivering value for our members.
