Introducing Zip – the groundbreaking Intake and Procurement Orchestration platform and Intake-to-Pay suite that is revolutionizing the way businesses manage their purchasing processes. Despite being in a seemingly mundane space, Zip is making a name for itself by simplifying the often complicated and chaotic world of enterprise procurement. As anyone who has worked in a larger company knows, the process of buying even the most basic items can be incredibly convoluted and frustrating for employees and a headache for procurement, finance, and legal teams trying to navigate a disjointed web of applications.
But with Zip’s new enterprise capabilities, things are about to become a lot easier. The platform now offers a low-code integration platform, empowering users to create their own custom integrations with services that Zip doesn’t natively support. Additionally, to streamline onboarding, Zip has rolled out 100 pre-built workflow templates, covering a wide range of processes such as contractor management, auto-renewals, and vendor offboarding.
Zaparde, CEO of Zip, explains, “The problem of complex procurement processes reaches across industries and becomes even more pronounced as companies grow and operate in regulated sectors. We aim to simplify this issue and empower businesses to efficiently manage their entire procurement workflow, from start to finish.”
Zip’s all-in-one platform brings together the fragmented procurement process into a single, intuitive interface. From initial purchasing requests to creating budgets, onboarding vendors, generating purchase orders, and processing invoices, Zip streamlines the entire workflow. The platform also integrates with existing third-party tools, organizing and centralizing scattered data within one cohesive system.
Zip’s latest release includes several enterprise-focused features, such as granular permissions, enhanced audit trail tools for requests, permissions, and vendors, ensuring companies maintain compliance and remain audit-ready. Additionally, the platform now offers real-time alerts to quickly address any potential issues.
One notable addition is Zip’s low-code integration platform. While Zaparde acknowledges that regular employees may not be building integrations into financial systems, the platform empowers IT teams to design and maintain custom connectors that may tie into legacy or in-house systems that Zip does not natively support.
While there are other procurement platforms on the market, such as Coupa, SAP, and Workday, Zaparde claims Zip’s unique selling point is its ability to seamlessly connect all these systems together. He explains, “Traditional procurement solutions don’t meet the complex needs of modern enterprises, who often encounter a tangled web of disjointed processes across numerous departments and platforms. Developed hand-in-hand with our largest enterprise clients, our new capabilities deliver enterprise-grade performance with consumer-grade flexibility, allowing our customers to achieve compliance and scalability with precision and speed.”
