Generative AI powered contract management platform aims to reduce maverick spend, elevates the entire contracting experience while significantly shrinking cycle time & enhancing compliance

Benefits

Complete Risk Orchestration Throughout S2P

Get complete integration of iRisk + Merlin Risk Radar with your existing S2P system for a better & unified risk management experience

Unparalleled Risk Visibility - Internal & External

Gain a 360° view of supplier risk with iRisk's internal KPI and performance analysis and Merlin Risk Radar's external risk monitoring from millions of online sources

Actionable AI Insights & Mitigation Steps at Every Stage

Zycus leverages GenAI technology to provide data-driven insights and recommendations for effective risk mitigation throughout the S2P process

Empower Every Step of Your S2P Process with iRisk + Merlin Risk Radar

Pre-Sourcing & Onboarding

Identify Supplier Risks Early Gain immediate supplier risk insights within profiles and leverage existing data with iSupplier mapping for a holistic view Automated Assessments Streamline onboarding with automated risk assessment creation upon supplier addition and during edit requests Reduce Onboarding Risks Leverage Merlin Risk Radar's GenAI insights to understand overall supplier risk scores and category-specific risks (Financial, Legal, ESG, etc.) before onboarding

Throughout S2P

Detailed Risk Summary with Risk Card App Get 360 view of risks from Internal questionnaires & KPIs, event insights, historical trends, external risk score (Financial, Legal, ESG etc) and 3rd-party risk scores (BVD, Ecovadis, D&B) and many more Real-time Monitoring with SCAR Conduct periodic or ad-hoc performance reviews. Create targeted development plans with Supplier Corrective Action Requests (SCARs) to address issues and improve supplier performance over time Risky Clause Identification Utilize automated assessments based on contract-level actions (scope creep, risky clause additions) to ensure up-to-date and risk-free contracts

Continuous Improvement

Actionable GenAI Insights Receive data-driven recommendations from AI to effectively mitigate identified risks across internal and external data sources Efficient Re-assessment Conduct streamlined follow-up assessments with fewer questions based on previous risk profiles. Additionally, block high-risk PO automatically based on real-time risk evaluations Supplier Score Benchmarking Continuously compare your suppliers' risk scores against industry benchmarks to identify improvement areas