Zycus positioned as a Leader in Contract Lifecycle Management for Buy-Side by an Independent Research Firm
PRINCETON, NJ, Oct 07, 2021: Zycus, the pioneer in Cognitive Procurement, announced today that it has been recognized as a Leader by Forrester Research Inc., in “The Forrester Wave™: Contract Lifecycle Management for Buy-Side Contract Suites, Q4 2021.
Zycus was among the select providers invited to participate in Oct 07, 2021, The Forrester Wave™ Contract Lifecycle Management for Buy-Side Contract Suite, Q4 2021 evaluation and the vendors were evaluated based on 37 criteria which were grouped into three categories:
- Current offering
- Strategy
- Market presence
According to the report, “Zycus takes top scores in the current offering category with features like:
- Partially touchless contract creation and importing;
- An AI bot for language discovery that can spot inconsistencies;
- A Mobile app that leverages e-signatures; and
- Zycus University, with its geographically relevant contract templates”
“Customers complimented Zycus’ usability and its straightforward workflow, including the ease of moving from requests to contracts to completion…” states the report, authored by Forrester Vice President, Principal Analyst, Andrew Bartels and Alla Valente, Forrester Senior Analyst.
Zycus has received the highest possible scores in 19 criteria including
- Artificial intelligence (AI) strategy
- Source-to-contract architecture
- Contract repository and analytics
- Partner ecosystem & value-add services
We regard being named a Leader in Forrester’s CLM Buy-Side Wave report as strong affirmation for the product we have built with the vision of democratization of contracts, and tightly integrating it with the other Source to Pay modules and process, said Zycus Founder & CEO, Aatish Dedhia.
About Zycus:
Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades. Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite. Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users.
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