Zip has reported that its agentic procurement orchestration platform processed $355 billion in spend during the year 2025, interacting with over 7 million suppliers. By streamlining procurement processes, the platform aimed to deliver efficiencies and savings to its users, achieving $6 billion in customer savings and drastically reducing cycle times. Zip’s approach highlights the increasing importance of intelligent systems in the procurement landscape, which is essential in today’s complex business environment.
In previous updates, Zip has continually advanced its procurement solutions, leveraging AI for operational efficiencies. These enhancements often focused on automating workflows and improving decision-making through artificial intelligence. Historically, procurement processes have been manual, costly, and inefficient, but Zip’s commitment to innovation has been evident through their consistent improvements and feature introductions. The company has progressively incorporated AI to refine their platform, demonstrating a steadfast dedication to evolving with industry demands.
What Are the New Features of Zip’s Platform?
The latest year brought significant advancements for Zip, particularly with the addition of several AI-driven features. This included AI-powered workflow routing which efficiently directs requests, a price negotiation agent for optimizing purchase agreements, and an invoice-to-contract compliance agent ensuring alignment with negotiated terms. Additionally, the introduction of a universal AI agent provides comprehensive cross-platform intelligence, enhancing the platform’s capability to manage complex procurement tasks.
Why Is Risk Management Critical for Procurement?
Effective risk management in procurement is critical due to increasing complexities and potential vulnerabilities. Zip addresses these with its Zip for Risk Orchestration feature, enabling global companies to streamline risk assessments and regulatory compliance. This effort helps mitigate threats like fraud and security breaches prevalent in today’s interconnected world.
In a statement, Zip highlighted the growing challenges companies face: “The challenge has never been more urgent; companies now have more suppliers than employees, and 98% of global organizations have a relationship with at least one third party that has been breached.” This clarifies the urgency and necessity of robust risk management systems.
Rujul Zaparde, Co-Founder and CEO of Zip, emphasized the holistic nature of their platform: “Intake, orchestration, sourcing, contracts and payments are becoming interconnected elements of a single, intelligent system.” This points to a cohesive approach in building an efficient procurement ecosystem.
With the introduction of the price negotiation agent, Zip has further illuminated its focus on cost-efficiency. This AI agent empowers companies to identify overpayments by comparing internal purchase histories with external market benchmarks. This feature facilitates more informed negotiations, enabling companies to drive down costs across various spending categories.
The advancements in Zip’s procurement orchestration platform underscore the pervasive impact of AI in business operations. The ability of such systems to consistently deliver measurable benefits like reduced cycle times and significant savings highlights the value of technological integration in procurement strategies. As procurement complexities grow, innovative solutions like those Zip provides will be essential in maintaining competitive advantages and ensuring operational efficiencies.
