HOW ZIP HAS HELPED COMPANIES ACROSS THE GLOBE
When asked about real examples of how Zip has helped companies , Rujul shared multiple success stories , highlighting the platform ’ s versatility and impact across various industries .
Snowflake ’ s experience demonstrates Zip ’ s ability to manage large-scale spend . Zip provided visibility into over US $ 6.7bn of spend and logged savings of over US $ 300m for the company . “ Those are very significant metrics .” Rujul adds . Another success story Zip is proud of is Discover , one of the world ’ s leading digital banking services . Prior to Zip , Discover ’ s procurement process involved over 3,000 requests annually across more than 20 teams , coordinating five different systems . After implementing Zip , the company saw a 67 % increase in procurement throughput and a 14 % reduction in cycle time .
Rujul notes , “ These improvements aren ’ t just about efficiency . For a global financial enterprise like Discover , being able to acquire what they need quickly while reducing costs and improving security and compliance is crucial given their unique business and industry needs .”
The success of companies like Snowflake and Discover is representative of Zip ’ s broader impact . According to IDC , Zip saves companies an average of US $ 14m per year , demonstrating its significant value proposition in the evolving landscape of intake and procurement orchestration .
Sean Park , vice president of Procurement Transformation at Arm put it quite eloquently from the stage at Zip Forward 2024 : “ Through our collaboration with Zip we are transforming our procurement process ,” he said . “ The powerful Zip platform gives us the flexibility to scale with Arm ’ s evolving needs and ensures we ’ re prepared for whatever the future holds .” technologymagazine . com 57