ZIP
Finally , Zip ’ s ‘ AI intake automation ’ feature enables quick processing of purchase orders by automatically extracting and filling out information from uploaded order forms , while Zip ’ s ‘ AI invoice coding ’ capability offers a new way for accounting teams to reduce manual work and process invoices faster .
By leveraging AI in these practical ways , Zip is not just streamlining procurement processes but also enabling businesses to make smarter , data-driven decisions about their spending . Miro , for example , is using Zip AI to accelerate legal contract reviews ; Coinbase is using it to streamline millions in invoices annually ; and UCI Health is implementing it to empower medical staff to focus on patient care without administrative delays .
Market Leadership and Future Outlook Zip has gained significant momentum among global enterprises . In a major signal to its market leading position , Zip was recently named a Leader in the IDC MarketScape : Worldwide SaaS and Cloud-Enabled Spend Orchestration 2024 Vendor Assessment . This recognition marks the first time spend orchestration has been recognised as its own category by a major analyst firm , validating Zip ’ s pioneering role in the field .
Building on this momentum from IDC , Zip also recently unveiled a bold new brand design at its second annual Zip Forward conference . More than 450 finance and procurement executives from global companies like Prudential , Arm and Reddit attended this industryleading event in San Francisco this September , where they found every inch of Zip ’ s visual presentation had been reimagined throughout the conference space . Zip ’ s design team , hailing from design-forward companies like Nike , Airbnb and Google , sought to further elevate Zip with a cutting-edge , consumergrade experience that embodies the company ’ s core philosophy : when businesses achieve ‘ flow ’ in their work , they unlock their ‘ peak ’ potential — creating value that elevates the entire business ecosystem .
58 November 2024