Zip named to Fast Company’s 2024 Next Big Thing in Tech list

We are thrilled to announce that Zip has been named to Fast Company’s 2024 Next Big Things in Tech list. This annual roundup celebrates groundbreaking advancements that redefine industries and shape the way we work and live.

As the world’s leading procurement orchestration platform, we’re honored to be recognized in the ‘enterprise technology’ category, affirming our commitment to pioneering innovation in business technology at the largest scale.

What this means for Zip and the industry

This recognition comes at an exciting time for Zip, following our landmark Series D funding—the largest investment in procurement technology in over 20 years—and significant growth among enterprise clients. 

In today’s market, optimizing spend and managing risk are of utmost importance for companies operating at any stage of maturity.

Zip’s enterprise-grade platform has become the engine of procurement for leading companies like Discover, Prudential, and Snowflake, demonstrating the power of orchestration as the new standard in enterprise innovation. 

To date, Zip now manages more than 3.9 million vendors, has approved $107 billion in total spend, and has driven more than $4.4 billion in savings for our customers. 

In fact, recent IDC research notes that the average enterprise using Zip finds 3.6% in annual spend savings, experiences 55% faster procurement cycles, and realizes a 25% increase in procurement productivity per employee—results that speak for themselves.

But beyond the impressive power of our platform, this recognition by Fast Company also reflects the role of our customers and our advisory team, who provide invaluable feedback driving our product innovations. 

These contributions are essential to the impact we drive in industries like life sciences, technology, financial services, retail, and more. We’re excited to expand this collaboration as we work to bring even greater advances to procurement.

Looking forward

At Zip, we’re not focused on only making incremental improvements; we’re here to advance the way businesses access the resources they need to drive global impact. From breakthrough automations to transformative yet practical AI capabilities, Zip’s vision for the future of procurement is bold, ambitious, and driven by the needs of modern enterprises.

A sincere thank-you to our customers, partners, and team members who make achievements like this recognition by Fast Company possible.

To learn more about our procurement innovations, we invite you to explore how Zip’s intake and orchestration platform can transform your organization.