Zip's Bid to Transform Risk Management With Orchestration
Zip, renowned as one of the world's leading procurement orchestration platforms, processing more than US$100bn in business spend, has announced Zip for Risk Orchestration, bringing Zip's proven orchestration capabilities to supplier risk management.
The solution was announced during Zip Forward Europe, which is taking place in London at Convene 22 Bishopsgate on Tuesday (1 April).
Zip Forward Europe is set to feature a keynote from Nicole Sherwin, Chief Impact Officer at EcoVadis, alongside procurement leaders from Invesco, Metro Bank and Just Eat.
Elsewhere, industry experts Dr. Elouise Epstein, Susan Walsh and James Meads are sharing insights on strengthening operational resilience through procurement in an era of regulatory changes and emerging technologies like agentic AI.
Tackling global compliance challenges head-on
In today's complex landscape, organisations across the world face an arsenal of challenges, from mounting security vulnerabilities to compliance challenges.
Zip for Risk Orchestration allows global enterprises to streamline supplier risk assessments, financial verification and regulatory compliance – enabling them to mitigate risks related to fraud, security breaches and costly enforcement actions.
Regulations worldwide are continuing to reshape supplier relationship management (SRM). Many businesses now have more suppliers than employees – and 98% of global organisations have a relationship with at least one third party that has been breached – creating a perfect storm of financial, security and compliance threats.
Organisations in EMEA face particularly stringent regulations, including DORA, GDPR, CSRD, ViDA, the EU AI Act and the German Supply Chain Act, with GDPR fines alone reaching €5.88 billion (approx US$6.35bn) since implementation.
Clare Cassano, Head of Procurement Strategy & Execution at Invesco, says: "Effective supplier risk management begins with comprehensive spend visibility and control.
"By implementing Zip to drive more spend under management, we're in turn creating a foundation for better supplier governance and risk oversight.
"This approach allows us to make more informed decisions about our supplier relationships while strengthening our overall risk management posture – a critical advantage in today's complex financial regulatory landscape."
Beyond reactive: AI-powered compliance
With Zip for Risk Orchestration, businesses can move beyond reactive risk management to a proactive, AI-driven approach to compliance:
- Vendor due diligence: Prevent financial fraud with automated bank account verification and tax ID validation (TIN, VAT) to ensure payments go to legitimate entities.
- Centralised risk repository: Gain complete visibility into supplier risk with a single source of truth for compliance data, contracts and risk scores.
- Automated approval workflows: Unify risk management across procurement, finance, legal and IT with structured approval paths for faster, audit-ready decisions.
- Risk scoring and tiering: Prioritise oversight by automatically assigning risk levels to suppliers based on industry, location and regulatory exposure.
- Scheduled risk reviews: Stay compliant with evolving regulations through regular monitoring that surfaces red flags before they disrupt operations.
- Vendor audit and reporting: Easily generate audit packages and reports to meet regulatory requirements any time.
Industry leaders already reaping benefits
Invesco, Prudential and Coinbase are among the organisations already benefitting from Zip's unified approach to third-party risk.
Use cases include streamlining vendor compliance checks throughout the relationship lifecycle, proactively identifying and addressing risk factors with automated scoring systems and enhancing financial oversight through scheduled vendor reviews.
Rujul Zaparde, Co-founder and CEO of Zip, adds: "As we expanded into EMEA and saw 200% growth, we noticed something unexpected – customers were already using Zip to orchestrate third-party risk in ways we hadn't designed for.
"The demand is clear: businesses need a better way to handle risk across finance, compliance and security, but existing solutions are fragmented and inefficient. So, we're turning what customers are already doing into a purpose-built solution.
"Just as we transformed procurement orchestration, we're now helping businesses proactively manage regulatory and operational risks worldwide."
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