How Zip is Advancing Procurement Solutions

Zip is revolutionising enterprise procurement with the launch of enterprise-grade features within its core platform – allowing firms to scale effortlessly

Zip has always been committed to serving the enterprise sector, aiming to be a cornerstone of the enterprise software stack.

This commitment has resulted in partnerships with more 350 customers, including 50 major publicly-listed corporations and more joining all the time.

Since the start of 2023, Zip has almost doubled its customer base and delivered a remarkable US$4.4bn in savings for these companies. 

To address the evolving needs of enterprises for scalable and compliant procurement solutions, Zip is launching Zip Premier. This new suite offers advanced functionalities designed specifically for large organisations, especially those in highly-regulated sectors.

A new era for Zip

Ushering in a new era for Zip’s Intake and Orchestration Platform, Zip Premier provides a new powerhouse of advanced functionality and tools tailored for the enterprise.

It builds upon the goal of setting the new standard for procurement and has been created specifically for organisations navigating the complexities of scale – including public companies, pre-IPO firms and those in highly-regulated sectors.

Features included in the suite are designed to meet and exceed the ever-evolving needs of global finance and procurement.

Key Features of Zip Premier:

  • Customisable permissions: Tailor workflows and permissions to ensure the right people have access to the right information
  • Audit-ready packages: Instantly export compliance-ready audit packages
  • Comprehensive audit trails: Maintain full operational visibility with detailed audit trails across all procurement objects
  • Centralised integration monitoring: Monitor and manage all integrations in one unified view
  • API-based user management: Update user permissions and workflows via robust API capabilities.

Orchestration Library simplifies procurement

Zip is also introducing the world's first Orchestration Library, a comprehensive resource offering access to an extensive collection of workflow templates.

The library leverages insights from Zip’s advisory team and its 350+ customers, offering access to an extensive collection of workflow templates. More than 100 pre-built workflows will be provided by the end of this year.

Zip Premier has been unveiled by Zip (Credit: Zip)

Jason Moore, Sr. Director Procurement Operations at Discover Financial Services, says: “Zip has transformed our procurement orchestration process into a seamless, efficient system that enhances user experience, increases transparency and drives accountability, fundamentally changing how we engage with suppliers and accelerate innovation across Discover.”

Highlighted templates include:

Key facts
  • Contingent labour management: Increase visibility and governance over contractor spend
  • Renewal management: Prevent undesired auto-renewals and identify risky contract terms
  • Vendor offboarding: Ensure timely termination of contracts and alert cross-functional teams
  • Proof-of-concepts: Streamline vendor security reviews and contract signing processes
  • These templates simplify the creation of complex purchasing workflows, enabling effortless integration with just a single click.
Increase control with new customisable permissions with Zip Premier (Credit: Zip)

Zip's Orchestration Library is due to be made available to all customers in the coming months, with the promise that the aforementioned templates will dramatically enhance their ability to accelerate results after implementing Zip, further simplifying the journey towards procurement perfection.

Enhancing flexibility with the Integration Platform

Zip's Integration Platform is designed to offer unmatched flexibility and speed when integrating Zip with other tools in the procurement technology stack.

It features a low-code native integration builder, making it easier than ever to align teams and streamline operations.

Integration Platform's capabilities include:

  • Quick connections: Easily connect Zip to critical tools with out-of-the-box support for REST/SOAP endpoints
  • Embedded user experiences: Integrate custom tasks directly within Zip workflows
  • Automated compliance: Track approval history and changes made to vendor and purchase data in an exportable audit trail.

These advancements ensure every team member can work within their preferred platforms, while maintaining complete control and transparency throughout the entire procurement process.

Zip now offers the most flexible and comprehensive range of integration options for customers, from flat file to public API.

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