Zip
TOP 10 – FASTEST-GROWING PROCUREMENT PLATFORMS
Zip
REVENUE : N / A EMPLOYEES : 300 CEO : RUJUL ZAPARDE FOUNDED : 2020
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Zip stands out as a leading orchestration platform , known for its comprehensive approach to procurement and vendor management .
Founded in 2020 , the company has enjoyed a rapid rise , gaining significant market share and an impressive customer base .
Built on the core product of a streamlined procurement solution that serves as a " single front door " for employees to initiate and complete purchase requests and vendor interactions , Zip constantly evolves with the modern procurement landscape .
It has introduced significant AI enhancements aimed at transforming procurement operations and providing better control over spending .
Recent innovations announced at Zip ' s annual conference include : preferred supplier purchasing , which streamlines vendor selection and encourages spending with existing suppliers ; AI invoice coding , using AI to automatically code invoice lines based on historical data ; and budget integration with Workday Adaptive Planning , providing real-time budget visibility for informed purchasing decisions .