Industry leading intake and procurement orchestration platform, Zip has unveiled its new, dramatic brand transformation. The announcement took place at the company’s second annual Zip Forward conference in San Francisco. The transformation involves a complete visual overhaul of Zip’s platform. Additionally, Zip has introduced a suite of powerful new innovations that “push the boundaries of what’s possible with enterprise purchasing.”
Zip was recently named a leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Spend Orchestration 2024 Vendor Assessment. Now, Zip intends become the global standard for business spend. The company’s tools and services aim to empower every organisation to seamlessly access the resources they need for peak performance.
“Zip gives us the flexibility to scale with Arm’s evolving needs and ensures we’re prepared for whatever the future holds,” said Sean Park, vice president of Procurement Transformation, Arm, speaking from the stage at Zip Forward.
Zip Forward
More than 400 finance and procurement executives from industry leaders like Prudential, Arm, and Reddit entered SF JAZZ this morning. There, they found every inch of Zip’s visual presentation had been reimagined.
Zip’s design talent pools was drawn from companies like Nike, Airbnb, and Google. The revamp sought to further elevate Zip with a cutting-edge, consumer-grade experience that embodies the company’s core philosophy. Namely, that when businesses achieve ‘flow’ in their work, they unlock their ‘peak’ potential. In short: creating value that elevates the entire business ecosystem.
“In today’s interconnected business world, companies thrive by focusing on their core strengths and leveraging the expertise of suppliers for everything else. This makes procurement one of the most critical processes in business, yet it’s often a fragmented, bureaucratic mess,” said Rujul Zaparde, Zip Co-founder and CEO. “Zip is changing this paradigm by reimagining how businesses connect with other businesses — enabling them to build on each other’s strengths to maximise their impact. When a hospital quickly accesses life-saving equipment, a manufacturer effortlessly sources sustainable materials, or a retailer swiftly stocks seasonal products—that’s Zip in action.”
Un-zipping the new innovations
From the Zip Forward keynote stage, in addition to the brand reveal, Zip also unveiled several disruptive product innovations, including:
Preferred supplier purchasing
A new suite of capabilities that helps employees fast track purchasing from existing suppliers in a single, unified catalogue experience. By streamlining the vendor selection process, Zip saves employees thousands of hours of manual searching across catalogues. It also helps to reduce vendor sprawl by encouraging employees to spend with existing suppliers. Ultimately, this also reduces risk and maximises procurement savings across the organisation.
AI invoice coding
A revolutionary new way for accounting teams to reduce manual work and process invoices faster. This solution leverages artificial intelligence to determine the appropriate invoice line structure and automatically code invoice lines.
Unlike other solutions on the market, Zip AI analyses how invoices have historically been coded within the organisation. This allows it to make more accurate suggestions. Not only this, but the solution eliminates the need for accounting teams to manually review dozens of individual invoice lines.
Budget integration with Workday Adaptive Planning
A strategic integration that provides real-time budget visibility within Zip’s interface. This allows teams to make informed purchasing decisions based on current financial data. This seamless connection enables organizations to enhance spend control, improve financial predictability, and manage complex budgets across multiple regions more effectively.
“As an engineering, product, and design-led company, we’ve made it our mission to continuously push the boundaries of what’s possible in procurement,” noted Zip CTO Lu Cheng. This commitment is evident in Zip’s significant R&D investment and rapid innovation pace. In the past year alone, Zip completed 500 feature requests, implemented 20,000 code changes, and introduced several groundbreaking products — including Zip Premier, Zip’s Integration Platform, and powerful Zip AI enhancements like an AI assistant and AI intake automation. The result? Over $4.4 billion in procurement savings for Zip’s customers in less than four years.
At the forefront of this procurement transformation are Zip’s customers, who are setting new standards for operational excellence and forging paths to sustainable success. “Through our collaboration with Zip we are transforming our procurement process,” said Sean Park, vice president of Procurement Transformation, Arm, from the stage at Zip Forward. “The powerful Zip platform gives us the flexibility to scale with Arm’s evolving needs and ensures we’re prepared for whatever the future holds.”
