SAN FRANCISCO--(BUSINESS WIRE)--Zip, the world’s leading intake-to-procure solution, today announced it has been selected for the 2022 “50 Providers to Watch” list by Spend Matters, a leading solution intelligence source for procurement and supply chain professionals. The 50 Providers to Watch list recognizes companies in the procurement and supply chain market that are fast-growing, propelling the market forward and continually developing best-in-class, innovative products.
“Until recently, procurement teams and everyday employees alike have been severely underserved by legacy solutions and manual workflows that create significant friction in the purchasing process,” says Rujul Zaparde, co-founder and CEO of Zip. “This recognition on the prestigious 50 Providers to Watch list serves as validation of our mission to reinvent the way organizations manage their procurement processes. We’re honored to receive this distinction as we continue to provide the most innovative and effective intake-to-procure solution for our customers.”
The annual 50 Providers to Watch list is determined by the Spend Matters analyst team, who nominate providers that have made an impact in the market over the last year. Companies chosen for the list represent the top commercial providers that serve enterprise-level procurement organizations. Those selected are setting the industry standard and leading the charge on new procurement technologies and services.
“Zip’s procurement technology exemplifies a new generation of solutions that are low/no-code and highly intuitive,” says Bertrand Maltaverne, senior analyst (supplier management and sourcing) at Spend Matters. “The solution is meant to be the one place for a company’s employees to initiate a new purchase or vendor request through a flexible, configurable intake that requires no code to change.”
Zip provides a seamless experience for any employee to request a business-related purchase and automatically orchestrates that purchase through complex, cross-functional approval workflows. The platform provides complete end-to-end visibility for all stakeholders, from employees who request spend to finance, procurement, legal, IT, security and other teams who must approve spend and new vendors. Zip’s modern user experience improves the adoption of procurement processes and can reduce the total cycle time of spend requests by more than 35%.
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.
Zip is the world’s leading intake-to-procure solution. Providing a single platform for any employee to initiate a purchase or vendor request, Zip helps businesses gain clear and timely visibility across all purchases, while dramatically improving the employee experience. The platform’s no-code configuration and intelligent workflows integrated across disparate systems enable businesses to automatically route requests for faster approval across finance, legal, procurement, IT, security and other teams. Leading enterprises and high-growth startups like Databricks, Canva, Airtable, Webflow and over 100 others use Zip to streamline their procurement processes while delighting their business users.