Zip integrates with ERP, procure-to-pay, contract lifecycle management, GRC, and ITSM systems to connect intake with downstream purchasing processes. Legal teams use the platform to gain visibility into vendor and contract data earlier in the purchasing process, streamline risk assessments, and manage approval workflows across cross-functional teams.
Key Features & Functions include:
Intake-to-Procure
A single intake portal through which any employee can submit a purchase or vendor request. The platform captures purchase details, vendor information, budget impact, and other relevant data at the outset, before any commitment is made. No-code configuration allows teams to set approval criteria and routing rules without dedicated IT resources.
Workflow Engine & Approval Routing
Requests are automatically routed to the appropriate stakeholders based on configurable rules tied to variables such as purchase amount, vendor risk level, and department policies. Legal, finance, IT, and security reviews can occur in parallel, reducing approval cycle times.
Procure-to-Pay Automation
Automates the generation of purchase orders from approved requests and processes incoming invoices by matching them against corresponding purchase orders. Supports global vendor payments through a centralized payments module.
Supplier Onboarding & Vendor Management
Centralizes vendor data, contracts, tax documentation, payment details, and risk assessments in a single repository. Automates onboarding workflows and sends renewal alerts ahead of contract expiration dates.
Risk Orchestration
Provides tooling for assessing vendor risk, including automated screening for regulatory exposure (such as DORA assessments), monitoring for adverse press coverage, and flagging of missing or inconsistent vendor information.
AI Procurement Concierge & AI Agents
Purpose-built AI agents automate tasks including contract summarization, extraction of key terms from MSAs and order forms, routing of approvals, and identification of risk flags. Zip maintains a zero data retention policy for AI-generated content and requires opt-in for AI features.
Sourcing
Supports request-for-proposal (RFx) processes with AI-assisted analysis tools intended to assist procurement teams in vendor selection and price negotiation.
Spend Insights & Reporting
Real-time dashboards provide visibility into total spend, pending approvals, cycle times, and budget consumption. Reporting tools are designed to surface duplicate vendor contracts and consolidation opportunities.
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