Search
Close this search box.
Horizon 2024 Europe Edition is here! Join hundreds of procurement visionaries in Mallorca on October 28-30, 2024. Register Now!
Procure to Pay Feature

Merlin AI Cost Allocation Prediction BOT

Get complete visibility and simplify cost management with Merlin's intelligent Cost Allocation Predictor
Merlin AI Cost Allocation BOT

Intelligent Cost Allocation Prediction

Supercharge Efficiency with Automated Cost Booking and Allocation
gartner peer insights

89 end-user companies gave Zycus an overall 4.4 out of 5 in the Procure-To-Pay Suites category on Gartner Peer Insights as of Oct 2023.

Our Marquee Clientele

Revolutionizing Cost Management with Intelligent Automation

caters-to-evolvingbusiness-needs.webp

Automate Everything

Access cost booking information extraction from invoices of all formats, reducing manual effort

maximize-adoption-of-procurement-solution.webp

Leverage AI for Predictive Cost Allocation

Automate cost allocation with AI, ensuring accuracy across departments and cost centers

Seamlessly Integrated E Procurement

Gain Real-Time Insights into Spending Patterns

Identify cost-saving opportunities with real-time visibility into departmental spending patterns and make data-driven decisions

Budget Planning

Simplified Cost Management

Reduce manual data entry and errors through automated workflows, freeing up AP teams to focus on strategic tasks.
Standardize cost allocation processes for consistent and efficient management across departments
Empower departments with real-time cost visibility to make informed decisions
Streamlined Budget Management

Streamlined Budget Management

Reduce FTE costs and improve operational efficiency through automation
Integrate cost allocation data with budget planning and forecasting module
Empower finance teams to make informed decisions and optimize spending

The Future of Cost Management is here. Access Real Time Cost Insights through Super-charged Automation and In-depth Visibility

Granular Cost Visibility
  • Gain insights into cost allocation at the header and line level for detailed analysis.
  • Identify cost centers and departments responsible for specific spending.
  • Improve cost control and make informed budgeting decisions.
Scenario-Specific Solutions
  • Address challenges in complex organizational structures with cost allocation tailored to your needs.
  • Ensure accurate cost attribution for departments with separate budgets.
AI-Powered Accuracy
  • Cost Allocation AI BOT that accurately Predicts the cost booking for every transaction
  • Reduce Maverick spend and indefinite duplication of records
  • Map impacted cost center to generate the most efficient costing reports
Effortless Invoice Processing
  • Automatically extract cost booking information from invoices, eliminating manual coding.
  • Process invoices from various formats, ensuring seamless integration with existing systems.

Resources

4 Ways to Boost Procurement ROI
Healthcare Procurement Software
Smart Procurement for Sustainable Saving
SIG procurement leader success stories
Procurement Leaders Stories of Success to Boost ROI

Success Stories

3 Legendary Stories of Procure-to-Pay Transformation
3 Legendary Stories of Procure-to-Pay Transformation
Zycus’ Procure-To-Pay Suite Purifies Procurement Processes of Australia’s Trusted Water Utilities Provider
Zycus Purifies P2P Processes of Australia’s Trusted Water Utilities Provider
Eproc Ss Thumb
European Hotel Group Increases Productivity with Zycus P2P

FAQ's

The cost allocation prediction bot suggests the appropriate cost allocation for each line item, reducing coding time and improving efficiency in accounts payable processes. 

It improves the cost allocation process by automatically suggesting cost booking information for line items in invoices, streamlining the process, and reducing manual effort.  
Using AI for cost allocation in procurement enhances efficiency by automating the process, improves accuracy in allocation decisions, and ultimately leads to cost savings and better decision-making. 

The bot can be customized to align with your organization’s specific cost allocation rules and policies. This ensures that the suggested cost booking information accurately reflects your unique business needs and requirements. 

Yes, the bot is designed to be flexible and adaptable. It learns from the changes in cost allocation details of the eInvoices, ensuring accurate and up-to-date cost allocation.
Scroll to Top