Zip AI

AI procurement software applies generative AI across the procurement lifecycle to guide teams through the procurement process, automate manual tasks, and help companies scale securely. Common use cases for AI procurement software include vendor consolidation, risk detection, document extraction, AI assistants, and more.

Companies that use Zip’s AI procurement software benefit in several ways. First, AI saves time, leading to higher productivity and faster cycle times. Second, it drives results, reducing errors and improving data accuracy. Finally, Zip is committed to maintaining the highest data privacy standards. Zip never trains models with customer data, so customers are always in control of when and how they use Zip AI.

With Zip AI document extraction, Zip can automatically parse data from documents to create a comprehensive, single source of truth. Zip can extract data order forms, MSAs, DPAs, NDAs, SOWs, and amendments.

Zip’s AI procurement solution can detect several different types of risks in contracts and security documents, including weak confidentiality protections, uncapped liability, missing data privacy commitments, automatic renewals, and more.

Zip’s AI procurement software integrates seamlessly across our leading enterprise procurement orchestration platform. These powerful AI capabilities are embedded thoughtfully and deeply within all of Zip’s products, so all customers can harness AI to gain meaningful competitive advantages including increased performance, increased productivity, and reduced risk.

Zip AI document extraction parses data from order forms, contracts and other documents, so data can be accurately stored in one central repository. Zip’s AI has been trained with open-source data, professionally generated synthetic test data, and internal documents and data owned by Zip with human labels to create robust models that ensure data extracted and used from documents is accurate, reliable, and trustworthy.