{"id":2850,"date":"2018-02-19T13:51:57","date_gmt":"2018-02-19T08:21:57","guid":{"rendered":"https:\/\/stagingwww.zycus.com\/chapter-2-adventures-of-ivan-the-cpo-10-technology-tools-every-procurement-team-needs-in-2018"},"modified":"2024-07-25T06:38:49","modified_gmt":"2024-07-25T06:38:49","slug":"chapter-2-adventures-of-ivan-the-cpo-10-technology-tools-every-procurement-team-needs-in-2018","status":"publish","type":"post","link":"https:\/\/dev.zycus.com\/freshz\/blog\/procure-to-pay\/chapter-2-adventures-of-ivan-the-cpo-10-technology-tools-every-procurement-team-needs-in-2018","title":{"rendered":"(Chapter 2) Adventures of Ivan the CPO: 10 Technology Tools Every Procurement Team Needs in 2018"},"content":{"rendered":"
Previously –\u00a0<\/strong>Chapter 1: Ivan joined his new job as a CPO, with a host of challenges which needs to be overcome.<\/em><\/a><\/h5>\n

Chapter 2: Friends in Need, Indeed!<\/strong><\/h2>\n

Ivan needed to fix the maverick purchase leakage and fast. However, he could not overburden his new team yet, neither did he command the amount of trust yet within the group which is essential for putting in the extra effort.<\/p>\n

There was, however, a helping hand extended to him by the Zycus Supplier Enablement (ZSE)<\/a> team and, he decided to take it. The objective \u2013 to set up a central, easily manageable platform for all catalogs and punchouts, and a seamless process to generate, match and manage invoices. The challenge \u2013 it meant communicating, persuading and enabling the 6 to 8 thousand suppliers the company works with. It was indeed a colossal task, to work with a diverse set of vendors, some who don\u2019t use technology at all, some who provide multiple items daily and cannot afford a downtime, some with just a group email id to communicate with, some who are tough to reach and so on. But the smile never left the lips of the ZSE team whom Ivan explained his scenario \u2013 they expected this and faced this day in, and day out, ZSE explained.<\/p>\n

\"\"<\/p>\n

Then, together, they lay out the schema of how this gigantic monster was to be tamed. First, they selected the few critical suppliers who offered punchouts\/ catalogs and integrated their system with the ZSN platform so that the data is now available at a click. Next, they used previous years PO details to shortlist a high priority segment who account for 50% of total purchases. These segment they devoted their full focus on, including customized emails, exciting rewards, periodic calls, interesting training programs, workshops and what not. Soon every company in this segment was setting up their catalogs on the platform, confirming POs, generating ASNs, Invoices, etc. on the click of a button. And since these invoices were automatically matched using 3-way matching techniques<\/a>, and status\/ payment information was all visible to the supplier, the volume of frantic phone calls and escalation emails from suppliers suddenly dropped drastically. Ivan\u2019s team now looked a little less hurried.<\/p>\n

ZSE team, was in the meantime, shifting focus to the other set of suppliers, who contribute from 50 -80 percent of all transactions. They had in the meantime; worked with their marketing team to create a robust email campaign for this segment and more and more suppliers were now being covered every day. The Zycus Supplier App was also promoted to encourage better adoption, and soon even the problem of non-PO invoices and paper invoices was solved, but more on that later.<\/p>\n

IDC Highlights Zycus AI: A Game-Changer in Procure-to-Pay Solutions<\/h3>\n

Discover why IDC, a leading global market intelligence firm, recognizes the transformative potential of Zycus AI Solutions in the procure-to-pay space. This video delves into how Zycus’s innovative technologies are revolutionizing procurement processes and driving efficiency in the Philippines and beyond. Watch the Video to Learn More!<\/p>\n

<\/div>\n

 
\nIt has barely been a few weeks, but Ivan can see the change is starting to take shape. Now with external compliance on the right track, and freed up time for his team, it was time to take on other challenges. Onward, ho!<\/p>\n

Learn\u00a0how Ivan\u00a0made indirect purchase requests\u00a0easier and faster in Chapter 3<\/a>!\u00a0<\/strong><\/em><\/p>\n

\"Procurement's\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Previously –\u00a0Chapter 1: Ivan joined his new job as a CPO, with a host of challenges which needs to be overcome. Chapter 2: Friends in Need, Indeed! Ivan needed to fix the maverick purchase leakage and fast. However, he could not overburden his new team yet, neither did he command the amount of trust yet […]<\/p>\n","protected":false},"author":1,"featured_media":99816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1945],"tags":[436,649,1696,1626],"ppma_author":[170],"class_list":["post-2850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procure-to-pay","tag-cpo","tag-procurement-software","tag-supplier-enablement","tag-zycus-supplier-network"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. 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Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/2850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=2850"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/2850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/99816"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=2850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=2850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=2850"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=2850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}