Zip, the world’s only intake-to-pay platform, today announced the launch of Zip Sourcing which enables sourcing teams to efficiently identify savings opportunities, track and report on realized savi...
AI-Powered Automation Solution Helps Customers Eliminate Manual Processes
SAN FRANCISCO: Zip, the world’s only intake-to-pay platform, today announced the launch of Zip Sourcing which enables sourcing teams to efficiently identify savings opportunities, track and report on realized savings, and run RFX events in one enterprise-grade platform for a complete source-to-pay experience. With this new solution, over 85 percent of vendors can now complete tasks in Zip’s vendor portal without any administrative assistance. Zip formally announced the new sourcing capabilities today at Zip Forward, the company’s inaugural annual user conference, which will include keynote presentations by executives from Discover Financial, Northwestern Mutual, OpenAI and Snowflake.
Zip Sourcing drives user adoption by creating a single front door for all sourcing and vendor requests — from tactical procurement to complex strategic sourcing — allowing teams to get involved early on in the purchasing process. Zip’s sourcing capabilities ensure complete stakeholder visibility from RFX to contract signing in a single platform. The solution also integrates new generative AI capabilities from Zip that significantly reduce the time it takes to create an RFP, from scratch or from templates, so users can source and save more without having to depend on spreadsheets, emails and manual follow-ups to complete a sourcing event.
“I’m thrilled with the experience Zip Sourcing has provided. The simplicity and efficiency of communicating with vendors through the messaging center is something we didn't know we needed until we had it,” said Natasha Liso, senior strategic sourcing manager at Grafana. “What used to be a cumbersome process, filled with emails and spreadsheets, is now streamlined and efficient. We’ve been able to effortlessly communicate with vendors through the portal, including legacy ones, and evaluate their proposals, making my life — and theirs — a lot easier and enabling us to focus on delivering tangible savings.”
The new sourcing solution requires zero training and users can instantly run RFPs on any existing Zip request. Complementary to Zip’s Intake-to-Procure solution, Zip Sourcing introduces the ability for employees to engage with procurement before a vendor has been identified, providing an end-to-end source-to-pay experience.
Key capabilities include:
“Zip Sourcing is built with the same customer-centric approach that the Zip platform is best known for. Similar to our focus on improving the intake management process, we recognize that the process for sourcing is broken. Sourcing tools often add confusion and complexity. This is why Zip Sourcing has been thoughtfully designed to drive employee adoption, enabling our customers to more effectively identify the best vendors — in terms of pricing and business value — that also fit their business needs. Zip’s highly intuitive and collaborative platform helps organizations of all sizes streamline the B2B purchasing process from sourcing to initial intake and, finally, payments,” said Rujul Zaparde, CEO and co-founder of Zip. “We’re excited to unveil these capabilities at Zip Forward so that Zip customers from startups to the Fortune 500 can start leveraging our sourcing capabilities to find cost-effective opportunities, track generated savings and compare their progress to savings goals.”
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About Zip
Zip is the world’s only intake-to-pay platform. Providing an intuitive starting point for any employee to initiate a purchase or vendor request, Zip helps businesses gain clear and timely visibility across all business spend by dramatically improving the employee experience. The platform’s no-code configuration and intelligent workflows integrate disparate systems, enabling businesses to automatically route requests for faster approval across finance, legal, procurement, IT, security and other teams. Zip consolidates all the steps and tools used across finance and procurement processes in one platform. Leading enterprises and high-growth startups like Northwestern Mutual, Snowflake, Canva, Airtable, Webflow, Databricks, along with more than 250 others, use Zip to streamline their intake-to-pay processes while delighting their business users.
Contacts Kelsey LaBarbera
Bhava Communications for Zip
zip@bhavacom.com
Fonte: Business Wire
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