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Al-led Accounts Payable Automation for Office Product Manufacturers
Accounts payable automation software tailored to meet the unique needs of office product manufacturers
Accounts Payable Challenges Unique to Office Product Manufacturers
High invoice processing cycle time
The large volume of invoices requires significant time to review, validate and process
Processing non-PO invoices
40-70% of invoices are Non-PO due to indirect spends/service invoices resulting maverick spending
Duplicate payments and fraud detection
Working with multiple vendors are prone to duplicate payments due to processing errors
Vendor communication
Hundreds of productive hours lost in replying to supplier queries
Explore Zycus AP Automation Solutionโ
AI-led Accounts Payable Automation for Office Product Manufacturers
- Achieve high STP with accurate data extraction of invoice headers and line items using Merlin Al
- Unlock unparalleled efficiency with an average 50% reduction in invoice creation time
- Streamline Non-PO invoice processing with Merlin Al's automated cost allocation prediction for line items, reducing coding time and effort
- Merlin Al's auto-training capabilities allow the system to learn continuously from invoice patterns and reduce the need for manual review and processing
- Implement Al-led scanning of every invoice to detect and flag potential duplicates, reducing the risk of overpayments
- Unlock unparalleled efficiency with an average 50% reduction in invoice creation time
- Zycus AP Smart Desk uses NLP and ML algorithms to identify email types, extract relevant data, and automate invoicing email processing
- Auto-replies to query emails and creates invoices for processing emails freeing up AP resources for strategic tasks
Office and Home Product Manufacturers Trust Zycus
Zycus helped a leading USAโs leading office and home product manufacturer streamline their AP processes
62%
Reduction in cost
per invoice
75%
Increase in volume of Merlin Al processed Invoices
Our Marquee Clientele
Leading Analysts Testify
Zycus
The Forrester Waveโข: CLM for Buy-Side Contract Suite, Q4 2021
Zycus cited as a โLeaderโ in The Forrester Waveโข: Contract Lifecycle Management for Buy-Side Contract Suite, Q4 2021.
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Zycus
Gartnerโs Magic Quadrant for Source-to-Pay Suites 2024
Zycus positioned as a Visionary in the 2024 Gartnerยฎ Magic Quadrantโข for Source-to-Pay Suites for its Ability to Execute and Completeness of Vision.
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Zycus
The Forrester Waveโข: Source-to-Contract, Q4 2019
Zycus cited as a Leader in the Forrester Waveโข: Source-to-Contract, Q4 2019
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Why Leading Enterprises Love Zycus!
North American health insurer achieves 98% accuracy in invoice data extraction with Zycus
Leading business solutions provider drives procurement efficiency with Zycusโ AI-powered solutions
Global automobile manufacturer transforms invoice processing with Zycus Merlin AI suite
Resources
Navigate through and come out stronger from a recession with AI-powered AP automation
Assess your e-invoicing maturity against peers and plan for effective change management
