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Zycus eInvoicingZycus

AI powered e-invoicing software for procurement. Take invoice processing to the next level with GenAI-powered solution built for maximum accuracy, savings, & compliance.

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Vendor

Zycus

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Product details

AI powered e-invoicing software for procurement. Take invoice processing to the next level with GenAI-powered solution built for maximum accuracy, savings, & compliance.

Intelligent Invoice Validation

  • Instantly validate invoices for errors, discrepancies, and regulatory compliance using AI-driven tools
  • Detect potential fraud in real-time with GenAI tools for phantom vendor identification, duplicate invoices, and tax haven screening
  • Ensure adherence to global tax and regulatory standards across 29+ countries with clearance e-invoicing support

Multi-Way Matching for Reconciliation

  • Automate 2-way, 3-way, 4-way, and N-way matching between purchase orders, goods receipts, quantities, invoices, and additional documents like contracts
  • Enable Evaluated Receipt Settlement (ERS) for receipt-based invoicing, reducing processing times by automatically matching receipts with invoices
  • Reduce delays with real-time alerts for missing receipts and approval requirements, ensuring smooth reconciliation

Dynamic Approval Workflows

  • Expedite invoice approval with AI-powered, customizable workflows tailored to your business needs
  • Automate exception handling for non-PO and unmatched invoices to speed up approvals
  • Seamlessly scale approval processes to handle high-volume transactions without compromising control

Payment Optimization & Dynamic Discounting

  • Unlock savings through dynamic discounting programs, encouraging early payments for suppliers
  • Offer flexible payment methods, including P-Card, V-Card, and custom buyer-defined programs, streamlining settlements
  • Enable cross-border payments and integrate with third-party finance partners for enhanced global transaction capabilities

Advanced Analytics for Continuous Improvement

  • Leverage AI-powered dashboards to uncover inefficiencies and identify opportunities for cost savings across the invoicing lifecycle
  • Use GenAI-driven recommendations for ongoing optimization, driving sustained improvements in invoicing processes
  • Forecast cash positions with advanced analytics, enhancing financial planning and strategic decision-making

Features

Global Invoicing Compliance

Automate tax and compliance validations tailored to regional regulations.

AI-Driven Fraud Detection

Proactively identify and mitigate fraudulent activities.

Unify Data Across Systems

Integrate data from diverse systems for a unified view.

Advanced Analytics & Reporting

Use interactive dashboards for detailed financial and invoicing analytics.

Customizable Workflows

Design workflows to align with specific industry needs and operational requirements.