KUALA LUMPUR, Feb 3 (Bernama) -- Zycus, the global leader in procurement technology, is set to transform the procurement industry with the launch of its groundbreaking Merlin Agentic AI Platform on Feb 11.
According to Zycus in a statement, this exclusive virtual event will introduce a new era of procurement, where artificial intelligence (AI) agents collaborate seamlessly with human expertise to redefine processes and unlock unprecedented value.
Zycus’ Merlin Agentic AI Platform is not just a technological upgrade, as it represents a paradigm shift for procurement teams seeking to unlock deep value and drive tangible business outcomes.
As procurement teams face growing pressure to enhance efficiency and deliver strategic value, Zycus’ Agentic AI introduces autonomous and semi-autonomous agents to simplify complex workflows.
By embedding intelligent agents across procurement processes, the platform accelerates decision-making, enabling organisations to reduce cycle times by up to 50 per cent while maintaining governance and compliance.
Furthermore, Agentic AI empowers procurement teams to shift focus from transactional tasks to strategic priorities, automating up to 70 per cent of routine workflows and uncovering hidden savings opportunities averaging 12 to 15 per cent across spend categories.
Early trials of Agentic AI demonstrate its ability to help organisations achieve a 25 per cent increase in supplier collaboration efficiency, fostering innovation and sustainability across the supply chain.
In addition, the platform’s predictive analytics and automation capabilities are projected to reduce supplier risks by up to 35 per cent, ensuring organisations can navigate today’s dynamic business environment with agility and resilience.
Zycus' virtual event will introduce these groundbreaking capabilities, providing procurement professionals and industry leaders with the opportunity to learn how Agentic AI can transform their operations.
-- BERNAMA
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