To make all of this easier, Zip today announced Zip Premier, a set of new enterprise capabilities, as well as a new low-code integration platform that allows its users to build their own integrations to tap into services that Zip itself doesn’t support with its existing connectors.
And to make it easier to onboard new customers, Zip is also launching a set of 100 pre-built workflow templates today.
Zip is going up against several other procurement platforms from the likes of Coupa, SAP, Workday and more.
“Traditional procurement solutions don’t meet the complex needs of modern enterprises who face an intricate web of fractured procurement processes across many business teams and systems,” he said.
“Developed alongside our largest enterprise customers, our new capabilities streamline the entire spending process, delivering enterprise grade performance with consumer-grade flexibility so our customers can drive compliance and scale with speed.”
In the latest development, three-year-old Hohm Energy, which connects homeowners and businesses with accredited solar installers, product suppliers, and embedded solar finance in South Africa, has raised $8 million in seed investment.
The funding, whose first tranche of $4.25 million came in Q4 2022, is the largest seed round for a tech startup in South Africa, according to Hohm Energy.
Hohm Energy says its solution was built as an alternative and sustainable energy source for over 7 million addressable households connected to South Africa’s national grid.
Hohm Energy would then generate a final engineering proposal and present it to its banking partners for financing approval.
“We are thrilled to announce our inaugural investment in Hohm Energy.
French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe.
After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer.
And feedback has been so great that Pivot is raising another $21.6 million (€20 million) in a new Series A round from its existing investors — and in particular Visionaries, Emblem, Anamcara and Oliver Samwer.
I already wrote a lengthy description of Pivot, so I also encourage you to read my previous article on the startup.
But in short, Pivot is a modern spend management solution that supposedly works better than Oracle NetSuite’s procurement component or Coupa.
