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BDO Transforms Procurement Efficiency in BFSI with Zycus
Discover how BDO transformed procurement in the BFSI sector with Zycus’ Merlin AI-powered Source-to-Pay platform, achieving faster cycles and greater visibility
Challenges
- Inefficient and manual procurement processes Lack of visibility into spending
- Difficulty in managing supplier relationships
Solution
BDO harnessed Zycus’ Merlin AI-powered Source-to-Pay (S2P) platform.
Result
- Improvement in procurement cycle time
- Achieved over 30%
- Increased spend visibility by 40%
- Enhanced supplier management with improved collaboration
Value Metrics
79%
Improvement in Request to PO
14%
Improvement in Order to Delivery Receipt
8 Days
Supplier Onboarding
99.5%
Invoice Compliance to PO/Contract
BDO Unibank is a leading full-service bank in the Philippines,providing a wide range of corporate and retail banking services renowned for customer focus and innovation in the BFSI sector.
Website
(https://www.bdo.com.ph)
I can see that Zycus is more paranoid about value than I. Their successful partnership with SM Retail demonstrated their capabilities and it was evident their integration capabilities were beyond any other solution in the market.
BDO Procurement Leader
Joey Gotuaco
Senior EVP and Head-Central Operations
Banco de Oro (BDO) Unibank Inc.
