SAN FRANCISCO--(BUSINESS WIRE)--Zip, the world’s leading procurement orchestration platform, today announced that it has been named to Fast Company’s fourth annual Next Big Things in Tech list, honoring emerging technology that has a profound impact for industries—from education and sustainability to robotics and artificial intelligence.
This year, 138 technologies developed by established companies, startups, or research teams are featured for their potential to revolutionize the lives of consumers, businesses, and society overall. While not all technologies are available in the market yet, each is reaching key milestones to have a proven impact in the next five years.
Zip has been named a winner in the enterprise category, validating its position as the enterprise standard for procurement orchestration. Fast Company recognized Zip ‘for making purchasing less painful’ through its AI-powered platform that saves employees 25% of time devoted to purchasing while cutting overall spend by 3.6%. This recognition follows the company’s landmark Series D funding – the largest investment in procurement technology in over two decades – and coincides with unprecedented enterprise adoption. In a global economy where businesses face mounting pressure to optimize spend and mitigate risk, industry leaders including Discover, Prudential, and Snowflake have standardized on Zip’s enterprise-grade platform, marking the emergence of procurement orchestration as the next frontier of business innovation.
“This recognition from Fast Company validates our enterprise-first approach to reimagining procurement,” said Rujul Zaparde, Co-founder and CEO of Zip. “From day one, we knew that solving enterprise complexity required courage – the courage to tackle problems others found too daunting, combined with the discipline to build for enterprise-grade security and scale. With over $107 billion in spend processed through our platform, and our customers saving billions of dollars and countless hours, it’s clear we’ve struck a chord that resonates deeply. Zip is quickly becoming a staple in Fortune 500 and Global 2000 tech stacks, driving breakthroughs across technology, financial services, pharmaceuticals, and retail. But this is just the beginning. We’re not here to make incremental improvements. We’re here to revolutionize how businesses access the resources they need to change the world.”
“The Next Big Things in Tech provides a fascinating glimpse at near- and long-term technological breakthroughs across a variety of sectors,” says Brendan Vaughan, editor-in-chief of Fast Company. “Spanning everything from semiconductors to agricultural gene editing, the companies featured in this year’s list are tackling some of the world’s most pressing and vexing problems.”
Click here to see the final list.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Brendan Vaughan. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
About Zip
Zip is the world’s leading procurement orchestration platform, empowering businesses to accelerate the procurement process, mitigate risk, and drive growth by offering a single front door to unify the teams, tasks, and tools involved in working with suppliers. With Zip, businesses can maximize employee adoption of purchasing policies and increase spend visibility and control. As the leading solution for optimizing business spend, Zip's AI-powered platform is trusted by hundreds of leading enterprises worldwide, including Anthropic, Arm, Canva, Coinbase, Discover, Dollar Tree, Instacart, Lyft, Northwestern Mutual, Prudential, Reddit, Sephora, Snowflake, and Sprouts to maximize the ROI of every dollar. To learn more, visit ziphq.com.
