Zip Recognized For Second Year On Spend Matters 2023 50 Providers To Watch List

 


Zip, a unique intake-to-pay platform, has gained recognition by being named to the prestigious "50 Providers to Watch" list for 2023 by Spend Matters. This accolade signifies Zip's growth and innovation in the procurement and supply chain sector. Spend Matters, a respected solution intelligence source for procurement and supply chain professionals, compiles this list, which highlights companies driving market advancement with creative products.

Zip's CEO and co-founder, Rujul Zaparde, expressed gratitude for the two consecutive years of inclusion in the list. He emphasized Zip's commitment to making intake the new norm for procurement teams, addressing outdated processes that hinder visibility and control. The platform streamlines the initiation of requests for business purchases, vendors, or contracts.

Spend Matters' selection of Zip is based on a rigorous evaluation by its analyst team and introduces a numerical scoring system to quantify factors previously considered 'soft.' This reflects Zip's rapid growth in the intake management sector, where it allows employees to initiate purchases and vendor requests and enhances downstream support by automating purchase order (PO) creation through a simple and configurable intake process.

Zip's pivotal role in streamlining procurement is attributed to its consumer-style, enterprise-grade SaaS platform. It simplifies procurement processes, from purchase initiation to the entire procure-to-pay cycle. Additionally, Zip was recognized as a 'Leader' in Spend Matters' 2023 report on "Intake Management: Procurement Tech's Next Big Market." This report defines intake management's impact on enterprises, covering use cases and highlighting a customer case study from a notable financial institution to showcase intake management in practice.

Furthermore, Zip has introduced a generative AI suite designed to automate manual workflows, identify legal and security risks, and generate valuable business insights. These AI capabilities streamline tasks such as purchase requests, purchase orders, invoice processing, and vendor contract reviews, reducing manual labor significantly. The AI suite also provides insights into contracts, helping identify key risks and opportunities for vendor consolidation.

In summary, Zip's inclusion in the "50 Providers to Watch" list recognizes its significant contributions to procurement technology and its commitment to streamlining processes, enhancing visibility, and improving the employee experience for various businesses, from startups to large corporations.

Read More - https://www.techdogs.com/tech-news/business-wire/zip-recognized-for-second-year-on-spend-matters-2023-50-providers-to-watch-list

Comments

Post a Comment

Popular posts from this blog

Varun Srinivas Founder & CEO of Therix.ai and Co-Founder at Coditas on Building Real-World AI Solutions

Image
  In this episode of Discover Dialogues , Vikramsinh Ghatge, Sr. Marketing Director and Editor-in-Chief at TechDogs , sits down with Varun Srinivas, Founder & CEO of Therix.ai and Co-Founder at Coditas, to explore what it truly takes to turn AI prototypes into scalable, real-world solutions. Over the past decade, Varun has been at the forefront of transforming solid engineering principles into practical AI deployments. In this candid conversation, he breaks away from buzzwords and highlights how AI must be built with people, not just algorithms, at the center. The discussion kicks off with an eye-opening statement: “AI isn’t coming for your job—but someone using AI might.” Varun quickly dismantles the fear-driven narratives surrounding AI and instead urges leaders to focus on empowering teams, fostering experimentation, and applying disciplined engineering practices. One standout topic is the rise of “vibe coding”—the fast, intuitive, generative AI-driven approach to developme...
Read more

Education Technology Trends That Will Impact Your Business In 2025

Image
  Education has undergone a monumental transformation, driven by advancements in technology. The traditional classroom of decades past has evolved into a dynamic, tech-enabled environment designed to meet the diverse needs of today’s learners. As we step into 2025, emerging trends promise to reshape how knowledge is delivered, consumed, and retained. Let’s delve into the top five education technology trends that will define the future of learning. 1. Microlearning: Education in Bite-Sized Chunks In a world where attention spans are dwindling, microlearning has emerged as an innovative solution. By breaking down complex topics into short, focused lessons, microlearning caters to the fast-paced lifestyles of modern learners. These sessions, often lasting between two and five minutes, use interactive elements like videos, infographics, and quizzes to make learning engaging and efficient. A survey by the Association for Talent Development highlights that content delivered in small, rep...
Read more

Top 5 Marketing Automation Software Of 2025

Image
  Marketing has evolved significantly over the years, and staying ahead in this competitive landscape requires adopting tools that simplify and optimize processes. Marketing Automation Software offers businesses the capability to streamline operations, reduce manual errors, and enhance customer experiences. Here, we explore the top 5 marketing automation tools of 2025: Ortto, Constant Contact, Bloomreach, Omnisend, and HubSpot Marketing Hub. What Is Marketing Automation Software? Marketing Automation Software is designed to streamline repetitive tasks such as email campaigns, social media posting, lead management, and customer segmentation. These tools ensure consistency, save time, and improve efficiency. According to Nucleus Research, every dollar spent on marketing automation yields $5.44 over three years. This impressive ROI highlights the significance of integrating these tools into your marketing strategy. Tool 1: Ortto Founded in 2015, Ortto has grown into a comprehensive pl...
Read more