Zip

Zip is an AI-powered procurement orchestration platform that automates the intake, sourcing, purchase orders and payments process across an organization. With a broad range of features, Zip is designed to give customers more control and visibility into their spend.

Zip offers a range of tools to manage different procurement processes:

• Intake-to-Procure: Helps employees through the purchase request process and automates PO and invoice management.
• Sourcing: Streamlines RFx management to find the best goods and services.
• Global Payments: Automates payments and lowers processing costs.
• Vendor Cards: Manages card-based vendor payments for better control.

The benefits of using Zip include:

• Annual Spending Savings: Up to 3.6%
• Compliance: 2X more compliant purchases
• Faster Purchasing Cycles: 55% faster

Zip also integrates with other tools in an organization's tech stack, ensuring cross-functional efficiency and vendor management. Customers can expect better cost control, reduced rogue spend, and improved financial predictability.

The platform is designed to be easy to use, with features like automated PO creation, AI-powered invoice processing and customizable approval workflows. It also enables collaboration through real-time commenting and vendor portals.

Zip is used by hundreds of companies, from startups to Global 2000 companies, to modernize their procurement and drive substantial ROI improvements.

Published on July 29, 2024