Lu Cheng, Co-Founder and Chief Technology Officer at Zip, reveals how Zip is making a big bet on how generative AI will transform procurement.

Zip, an AI-powered procurement platform, announced today that it has helped customers achieve $4.4 billion in savings since its launch in 2020.

By enabling systems to work together seamlessly, businesses can reduce costs, improve accuracy, enhance security, and foster better relationships with their partners.

Zip has announced the integration of a generative artificial intelligence (AI) procurement assistant into its spend orchestration platform. Read more at: https://aimresearch.co/generative-ai/zip-enhances-spend-orchestration-platform-with-ai-powered-procurement-assistant

The company has also added two other AI-powered capabilities — document extraction and intake automation — to help companies streamline procurement, Zip said in a Wednesday (June 26) press release.

The AI-powered spend orchestration platform has built on its existing capabilities and now offers tools such as Zip AI assistant, AI document extraction and AI intake automation.

Intake and procurement orchestration platform Zip has announced the launch of additional enterprise features that allow businesses to advance their capabilities.

We’ve written about intake management and procurement process orchestration (IM&PPO) a couple of times previously. In this week’s article, we will take a look at one of the key players in this space — Zip

Today, the world’s leading Intake and Procurement Orchestration platform and Intake-to-Pay suite, Zip introduces new enterprise capabilities that enable businesses to drive compliance, strengthen integrations across other tools, and scale faster as the company helps customers.

It is a testament to the business-to-business (B2B) landscape that firms tend to pivot toward, and not away, from it. After all, you hear a lot more about one-time business-to-consumer (B2C) firms embracing B2B channels than vice-versa.

Meet Zip, which describes itself as a “leading Intake and Procurement Orchestration platform and Intake-to-Pay suite.”

“No company has helped to solve these kinds of issues until Zip. Zip has basically taken it to the next level.”

Zip Adds Enterprise Capabilities to Procurement Orchestration Platform

Today, the world’s leading Intake and Procurement Orchestration platform and Intake-to-Pay suite, Zip introduces new enterprise capabilities that enable businesses to drive compliance, strengthen integrations across other tools, and scale faster as the company helps customers.

Rujul Zaparde, CEO of Zip, speaks about the impact of Gen AI on procurement.

SAN FRANCISCO, CA, Zip, the world's leading intake-to-procure solution, today announced its $43 million Series B funding round.

Are the legacy workflows in purchasing processes halting growth?

Spend visibility begins and ends with procurement, a function that has remained largely unchanged for nearly a decade.

Let’s hear from Rujul Zaparde the co-founder and CEO of Zip, an intake-to-procure solution specialist.

As we head into 2023, three trends will drive the next wave of innovation in fintech: no-code, automation and user experience.

Procurement management software startup Zip today announced several new user interface features in its product.

Intake-to-procure solution provider Zip and digital contracting platform Ironclad have partnered to provide a unified, end-to-end solution to their joint customers.

Zip, the world’s leading intake-to-procure solution, and Ironclad, the leading digital contracting platform, announced their strategic partnership and new integration.

The new integration is said to give teams real-time insight into the status of all purchase approvals.

With this partnership, Zip and Ironclad aim to make legal teams’ involvement in the procurement process more efficient.

Ironclad and Zip say their integration will protect legal departments’ time and help companies strengthen their procurement workflows.

Businesses are looking to cut costs in smart and impactful ways that remove unnecessary waste and improve their overall financial picture.

CFOs, IT and Line of Business Employees Can Now Easily Manage Procurement Workflows Across Entire Business Spend Lifecycle—From Initial Request, to Purchase, to Renewal

CFOs, IT and Line of Business Employees Can Now Easily Manage Procurement Workflows Across Entire Business Spend Lifecycle—From Initial Request, to Purchase, to Renewal

Zip has enhanced its software with a renewal feature that notifies procurement and IT managers in advance of upcoming renewals and automates the renewal of licences and contracts.

Zip today added a renewal feature to its software that provides procurement and information technology managers with advance notice on pending renewals and automated renewals of licenses and contracts.

Rujul built Zip to provide an effortless experience for employees making business-related purchases.

Former Global Vice President and GM of Medallia Brings Extensive Experience Scaling and Leading Post-Sales Organizations as Zip’s Growth Accelerates

Former Global Vice President and GM of Medallia Brings Extensive Experience Scaling and Leading Post-Sales Organizations as Zip’s Growth Accelerates

Sawma brings more than 15 years of expertise leading go-to-market functions for some of the world’s most successful technology brands.

Microsoft and Okta Veteran to Drive Operational Excellence as Fintech Unicorn Brings Its Intake-to-Procure Platform to New Markets and Launches Additional Products.

Zip, the world’s leading intake-to-procure solution, announced its $43 million Series B funding round led by YC Continuity with participation from Tiger Global and CRV.

Zip, a San Francisco, CA-based intake-to-procure solution provider, raised $43m in Series B funding.

A pair of Airbnb alums have teamed up to build a software business aimed at dramatically simplifying that process, or being, in their words, a 'concierge for procurement.'

YC Continuity Leads Round With Participation From Tiger Global and CRV; Company Achieves $81 Million in Total Investment Within 18 Months of Founding

Nearly 80% Say Their Company Faces Challenges Purchasing New Software and Services; Majority Looks to Automation to Improve Procurement Efficiency for Better Vendor Visibility and Cost Control

The round, which brings total funding to $81m and the valuation to $1.2 billion, was led by YC Continuity with participation from Tiger Global and CRV.