ZIP AI Summit: Bringing the future of procurement orchestration

Guests at Zip’s AI Summit – The Future Of Agentic Orchestration, CPOstrategy hears from Zip co-founder Lu Cheng, Director, Enterprise Advisory, Michael Rooney, and their customers from Lighthouse and Flow Traders

When Lu Cheng, Zip’s Co-Founder and CTO, takes to Amsterdam’s TOBACCO Theater stage, there’s a sense of conviction that comes from having built something genuinely unique. Founded in 2020, Zip didn’t simply build another procurement tool. It created a brand-new category.

“My Co-Founder Rujul (Zaparde) and I started Zip around the premise that spend had decentralised,” Cheng explains to the sold-out crowd. “There were more requesters in purchasing than ever before, and procurement had become one of the most complex workflows in any business. We wanted to create one front door for employees to engage with procurement, giving visibility and control across the entire purchasing process.”

That vision became the foundation of procurement orchestration – a central layer that connects procurement, finance, legal, compliance, IT and other business functions through a single intake process. It’s a design that has since helped hundreds of enterprises simplify complexity, accelerate decision-making and drive measurable outcomes – attracting large enterprise customers across a range of industries, from AI leaders like OpenAI and Anthropic, to Prudential, Arm, AMD, and more

Across Zip’s customer base, the platform has delivered average annual savings of 3.6%, reduced cycle times by over 5%, and doubled compliant purchases. But for Cheng, the true differentiator lies in Zip’s approach to user experience and scalability. “We’ve seen over 50 million comments posted within Zip in the past year,” he notes. “That shows us it’s become a true collaboration space for procurement.”

The AI orchestration frontier

Zip’s next frontier is artificial intelligence and Cheng’s enthusiasm is palpable when he describes the company’s ambitions. “The orchestration layer is the perfect place to embed AI,” he tells us backstage, following his presentation. “All the data, systems and people are connected in one place, so our AI can make better, faster decisions.” Read the full story here!