Xelix
“ Having the right data available , at the right time , and knowing what to do with it , is the critical modern-day challenge ”
Zycus
TOP 10
10
Xelix
Xelix is AI-powered software that sits alongside existing finance systems , acting as an intelligence layer to automate processes , spot payment risks and to deliver meaningful insights . Xelix is a British company that was founded in 2015 .
The company says that for every £ 100mn spent , £ 1mn is lost in fraud or overpayment errors . The solution uses AI and anomaly detection to prevent such losses . It also consolidates data across different systems , giving a better understanding of supplier spend . “ Having the right data available , at the right time , and knowing what to do with it , is the critical modern-day challenge ,” the company says .
“ Having the right data available , at the right time , and knowing what to do with it , is the critical modern-day challenge ”
09
Zycus
Zycus is a pioneer in ‘ cognitive procurement software ’, and has been a partner of choice for large global enterprises for two decades . It is AI-based technology that drives value generation across organisations . Zycus prides itself on being “ the pioneer in cognitive procurement ”. Its solution also allows enterprises to reduce risks and boost compliance , while its simple UI promotes a high adoption rate across organisations . It caters to sectors including : automotive ; electronics ; energy and utilities ; and health care and pharmaceuticals .
142 June 2022