Zip AI

What is Zip AI?

Zip AI is a leading procurement orchestration platform designed to optimize the entire purchase process from intake to payment. It leverages generative AI and automation to guide employees through procurement workflows, extract critical contract data, detect risks, and automate purchase request creation. By integrating seamlessly with existing ERP and business systems, Zip AI enhances spend visibility, accelerates cycle times, and drives cost savings while maintaining strict data security and user control.

Key Features

• AI Assistant

  Provides real-time, conversational guidance to employees for navigating procurement policies and initiating purchase requests efficiently.

• AI Document Extraction

  Automatically parses data from contracts and order forms to create a unified source of truth for vendor and purchase information.

• AI Risk Detection

  Scans contracts and legal documents to identify potential risks, allowing procurement and legal teams to focus on critical issues.

• AI Intake Automation

  Pre-fills purchase requests using data extracted from vendor order forms, reducing manual entry and minimizing errors.

• Vendor Consolidation

  Identifies redundant requests and encourages use of pre-approved vendors to drive cost savings and simplify vendor management.

• AI RFx Survey Generator

  Transforms free-form text into structured RFx survey questions to accelerate and streamline sourcing processes.

Use Cases

• Procurement Process Automation : Automate and accelerate purchase requests, approvals, and vendor onboarding to improve operational efficiency.
• Risk Management : Detect contract and vendor risks early to mitigate legal and compliance issues effectively.
• Spend Control and Savings : Drive cost savings by consolidating vendors and enforcing procurement policies through AI insights.
• Data-Driven Sourcing : Leverage AI-generated RFx surveys and analytics to make informed sourcing decisions and optimize supplier selection.
• Seamless ERP Integration : Connect procurement workflows with existing ERP systems for real-time spend visibility and financial data accuracy.

FAQs