Technology Magazine November 2024 | Page 51

Zip , which has already helped customers like Snowflake , Discover , and Sephora save over US $ 4.4bn in under four years , is accelerating its mission to become the global standard for business spend
ZIP
Zip , which has already helped customers like Snowflake , Discover , and Sephora save over US $ 4.4bn in under four years , is accelerating its mission to become the global standard for business spend

DE technologymagazine

Zip is on a mission – to help businesses procure with the fastest process , the least risk , and at the best value . Founded in 2020 by former Airbnb product leaders Rujul Zaparde and Lu Cheng , Zip aims to create one front door for procurement , making it an effortless experience that delivers unmatched value to businesses worldwide .

At its core , Zip streamlines the procurement orchestration process , simplifying intake , sourcing , vendor management , purchase orders , AP automation and global payments , while offering a single entry point for employees to make purchase requests . This integrated approach streamlines the entire procurement lifecycle , from initial request to final payment , thereby saving businesses valuable time and money , while enhancing spend visibility , risk management and compliance .
Headed up by its CEO , Rujul Zaparde , the company is already 300 strong and in the midst of a recruitment drive , hiring more than ever in its history , from engineering to customer support and implementation delivery .
The company is also seeing rapid growth in the EMEA market ,
. com 51