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Zycus’ landmark investment in ESG with Lythouse, the Maximum ESG Platform
[Rosemont, 14th December 2023] – Zycus, renowned for its pioneering role in Cognitive Procurement for over two decades, announces a significant venture into the Environmental, Social, and Governance (ESG) sphere through its investment in Lythouse. This initiative marks a pivotal moment, set to revolutionize corporate sustainability.
Zycus always had the first mover advantage in AI, and that became a great steppingstone for driving the most accurate carbon emissions, especially Scope 3 with highly granular AI-powered spend classification.
“Our unique blend of experience and cutting-edge technology, which has been transforming sourcing, procurement, and supplier value management for years, positions us ideally to guide organizations towards more sustainable supply chains and business practices.”
– Aatish Dedhia, Founder & CEO of Zycus
Commitment to sustainability is not for the half-hearted
“It’s proactive, not reactive, steps that will address sustainability challenges for large enterprises. Increasing investor demand and regulatory pressures are compelling enterprises to comply.
Significant enthusiasm is noted among sectors like FMCG, Automotive & Transportation, IT, Chemicals & Pharmaceuticals, and Retail, eager to lead in true ESG implementation and action.
And while we’ve seen ESG starting to be championed by primarily US & European organizations, there is now a global appreciation for the importance of working towards sustainable goals and taking responsibility by taking action.
Accurate reporting is vital to avoid regulatory and reputational risks, but it is only a part of the broader vision for sustainability. Lythouse emerges as a solution, offering steadfast support for a whole-hearted commitment to sustainability.”
Product Launches and Key Takeaways
Lythouse-“Maximum ESG Platform,” features need-of-the-hour modules such as Carbon Analyzer, ESG Goal Navigator, Green Supplier Network, and ESG Reporting. These tools are designed to enable streamlined ESG data collection, improved green supplier engagement, performance tracking, cohesive internal & external collaboration for building a sustainability culture.
Lythouse can integrate natively with Zycus and cohesively connect with any third-party business app such as ERPs, Finance systems, S2P platforms, HRMS, spreadsheet etc. to boost agility, accuracy and automation.
A Call to ACTion
Lythouse empowers Chief Sustainability Officers to ensure that their organization can ACT – Account, Comply, and Transform their ESG initiatives.
Illuminate your ESG journey with Lythouse
To explore how Lythouse’s solutions can revolutionize your organization’s ESG approach, visit the Lythouse website.
About Zycus:
Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades.
Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite. Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users.
Start your #CognitiveProcurement journey with us, as you are #MeantforMore.
Sonal Sharma
Lead Manager – Marketing, Zycus inc.
info@lythouse.com