Zip AI capable of auto-extracting contract details and conducting legal & security risk reviews launches for beta customers in Q4.
AI-powered document intelligence included in the launch identifies risks, extracts metadata, and flags vendor consolidations to enhance efficiency.
The new AI features are designed to reduce manual data entry, provide strategic insights, and improve intake-to-pay processes for procurement and finance teams.
CEO Rujul Zaparde stresses generative AI's importance in Zip's future, positioning it as a game-changer for user experience and platform capability.

Zip provides procurement solutions aimed at increasing visibility and control over company spending. It assists businesses, ranging from startups to Fortune 500, by streamlining spend management processes to unlock savings and drive adoption. Customers reportedly save significantly and gain early insights into their spending patterns. Zip fosters collaboration and boosts staff efficiency, saving hundreds of hours per full-time employee. The platform offers two main products: Intake-to-Procure and Intake-to-Pay, presenting a seamless, consumer-grade interface that integrates into existing workflows. Zip has transformed procurement experiences for its users, automating processes, and encouraging compliance with spend controls.

Zip automates procurement, boosts efficiency, increases savings, fosters collaboration.

Zip Introduces Generative AI to Transform Procurement Workflows

Recent Product News