Zip Updates

4 Years of Innovating Intake and Procurement Orchestration

Four years of innovation as the leader in Intake and Procurement Orchestration.

Written By
The Zip Team

This week, Zip celebrates its 4th anniversary, marking another milestone in our journey alongside the incredible businesses that our platform supports.

Starting with a mission to revolutionize intake management, Zip has evolved into a comprehensive procurement orchestration platform. Our offerings now include AI-powered intake automation, sourcing, global payments, vendor cards, and much more.

Zip has scaled alongside some of the world's fastest-growing businesses, winning over global enterprises like Discover Financial Services, Sephora, Snowflake, Canva, and many more. Today, we power over 400 remarkable companies, resulting in more than $4.4 billion in aggregate savings in just 4 years—and we’re only getting started.

This year alone, we’ve expanded our product from pioneering intake management to creating the procurement orchestration category, covering the entire source-to-pay process.

We introduced a brand-new AI suite with practical applications that can truly transform the procurement process for the better. Additionally, our team has grown to over 300 Zipsters worldwide, fostering a diverse, innovative, and collaborative culture that drives our success.

Fueled by our the growth of our customers

Our products are designed to accelerate our customers' growth potential, helping businesses procure with the fastest processes, the least risk, and the best value.

Our impact was recently highlighted in the recent ‘IDC Business Value White Paper’, demonstrating the tremendous benefits Zip provides to the organizations that use our orchestration platform to fuel their own growth.

According to the report, customers using Zip:

  • Realized an average benefit of $14.02 million
  • Achieved a 29% increase in spend under management
  • Reduced purchasing cycle times by 55%
  • Boosted overall team productivity by 25% per employee

This is an incredible validation of our work building Zip, and we cannot wait to drive even greater impact as our platform continues to evolve.

Putting people first

Zip’s products are built based on principles that put the end-user first, from our consumer-grade intake management system to the thoughtful AI-powered procurement process enhancements throughout the procurement process.

We are also committed to ensuring that our incredible team members can work—and live—at their maximum potential. With over 100 San Francisco-based engineers from top organizations like Apple, Airbnb, and Google, as well as respected AI researchers, we are proud to continue expanding our global footprint.

Here’s to four years of procurement innovation

We’re immensely proud of the impact our team has had on reimagining what procurement looks like, measurably accelerating the pace of innovation for businesses worldwide.

If you’re interested in shaping the future of procurement, we’d love to connect. Check out our careers page.

Written By
The Zip Team

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