Zip, an AI platform specializing in enterprise procurement, announced it has exceeded $6 billion in customer savings while managing hundreds of billions in spend across more than 7 million suppliers. This achievement follows a year marked by economic volatility, complex supply chains, and the rapid advancement of artificial intelligence, during which companies such as OpenAI, Dollar Tree, and Mars utilized Zip’s agentic AI platform to achieve significant results.
Zip, recognized as a leading agentic procurement orchestration platform, aims to accelerate the procurement process, mitigate risk, and drive growth by providing a unified interface for supplier management. This system helps businesses enhance employee adherence to purchasing policies and improve spend visibility and control.
According to Rujul Zaparde, Co-founder and CEO of Zip, the platform has evolved into a comprehensive procurement operating system. Zaparde stated, “This year, we introduced agentic procurement orchestration – not just a new term and category, but a new way of thinking about how AI can transform every aspect of how companies purchase. The results speak for themselves: $6 billion saved, 10 million days of cycle time eliminated, and procurement’s emergence as a board-level priority.”
In the past year, Zip achieved several key milestones in AI innovation and platform scaling. The company unveiled its Agentic Procurement Orchestration at an AI Summit in New York, introducing over 50 AI agents designed specifically for procurement. The platform delivered 10 million AI insights across 26 million approvals, leading to 10 million days of cycle time saved for customers through intelligent automation. Zip also received industry recognition, being named to Forbes’ Fintech 50, Fast Company Innovation by Design Awards, CNBC World’s Top Fintech Companies, Fast Company Next Big Things in Tech, and LinkedIn Top Startups 2025: The 50 US Companies on the Rise.
Enterprise momentum for Zip included welcoming new customers such as LinkedIn, PIMCO, Block, and Mars, while expanding deployments with existing clients including OpenAI, Snowflake, Canva, Anthropic, AMD, and Discover. Dollar Tree, for example, increased its procurement influence from 13% to over 40% of its $5 billion non-product spend, resulting in a 70% reduction in cycle times and the identification of $100 million in savings.
Global expansion efforts saw Zip host Zip Forward 2025, an event that brought together over 700 procurement and finance executives from companies like T-Mobile, OpenAI, and Gap. The company opened a new office in Toronto and expanded its presence in San Francisco, New York, and London. Zip also launched its first State of Spend report, surveying over 1,000 global leaders on AI-era procurement trends, and established the Zip Community, which now has over 750 members.
Product breakthroughs included AI-powered workflow routing for automatically directing requests to the appropriate approvers based on historical data and real-time context. New agents introduced include a Price Negotiation Agent, leveraging market intelligence for purchase optimization, and an Invoice-to-Contract Compliance Agent, ensuring invoices align with negotiated terms. A Universal AI assistant was also rolled out, providing cross-platform intelligence, alongside Zip for Risk Orchestration, designed to manage compliance workflows.
The platform’s overall impact includes $6 billion in total customer savings, 26 million approvals completed, 10 million days saved, 7 million suppliers managed, and 10 million AI insights delivered.
Zaparde further commented on the evolving landscape, stating, “The traditional boundaries between procurement categories are dissolving. Intake, orchestration, sourcing, contracts, and payments are becoming interconnected elements of a single, intelligent system. We’re building the platform that brings it all together. If 2024 was the Year of Orchestration, and 2025 was the Year of Agentic AI, then 2026 will undoubtedly be the Year of the Platform.”
Zip’s AI-powered platform is utilized by hundreds of leading enterprises globally, including AMD, Anthropic, Coinbase, Discover, Dollar Tree, HP, Instacart, Invesco, Lyft, Northwestern Mutual, Prudential, Reddit, Sephora, and Snowflake.
