Zip Brings Procurement Orchestration to the Mainstream in 2024, Delivering Transformative Results for Global Leaders like HP, AMD, and Anthropic

SAN FRANCISCO--(BUSINESS WIRE)--Dec 10, 2024--

Zip, the world’s leading procurement orchestration platform, today celebrated a transformative year that established procurement orchestration as a critical capability for modern enterprises. Throughout 2024, the platform processed more than $107 billion in spend across more than 4 million suppliers, while helping customers like Hewlett-Packard (HP), Advanced Micro Devices (AMD), and Anthropic streamline operations and drive measurable results.

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“When we introduced procurement orchestration in early 2024, it wasn’t just a new term—it was a new way of thinking,” said Rujul Zaparde, Co-founder and CEO of Zip. “Now, leading analysts recognize it as a pivotal category, and global enterprises have embraced it as the key to unlocking innovation. This shift is fueled by tangible outcomes: driving savings, streamlining complexity, and delivering unprecedented ease of use. And we’re just getting started.”

This year, Zip reached several pivotal milestones, underscoring its commitment to modernizing business procurement on a global scale:

Investment & Growth

Brand & Community

Product Innovation

Platform Impact

Throughout the year, Zip's innovations and market impact earned recognition from Forbes, Fortune, Bloomberg, and TechCrunch as a pioneer in enterprise technology. The company was also named to Fast Company'sNext Big Things in Tech, Inc.'sBest in Business Awards, and Forbes’Best Startup Employers in America. A June 2024 IDC Business Value report revealed that large enterprise organizations using Zip's platform achieve average benefits worth 3.6% of savings in total spend under management. The report showed purchasing cycles accelerated by 55%, while procurement teams reported 25% gains in productivity per employee.

Customer success stories exemplify the platform’s impact. Snowflake achieved over $300 million in savings and brought clarity to $6.7 billion in spending with Zip; Discover Financial Services achieved a 67% increase in throughput and a 14% reduction in cycle times, eliminating over 3,000 business approvals annually; and UCI Health streamlined healthcare procurement processes to enable doctors and nurses to focus on providing life-saving medical treatment without administrative delays.

“If 2023 was the Year of Intake, then 2024 was undoubtedly the Year of Orchestration,” added Zaparde. “Looking ahead to 2025, we see procurement evolving through the convergence of best-of-breed tools and source-to-pay models into a single orchestrated platform. We’re excited to continue improving how businesses interact with suppliers and manage spending, so that every organization can access the resources they need to operate at peak performance.”

Click here to read more about Zip’s transformative 2024.

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 AMD, Anthropic, Arm, Canva, Coinbase, Discover, Dollar Tree, HP, Instacart, Lyft, Northwestern Mutual, Pinterest, Prudential, Reddit, Sephora, Snowflake, Sprouts Farmers Market, and Toast to maximize the ROI of every dollar. To learn more, visit ziphq.com.

Zip 2024 Year in review (Graphic: Business Wire)

Russia said Friday it has used the new Oreshnik ballistic missile along with other weapons in a massive strike on Ukraine.

Ukrainian officials said four people were killed and at least 22 wounded in the capital overnight. Russia didn’t say where Oreshnik hit, but Russian media and military bloggers said it targeted a huge underground natural gas storage in Ukraine’s western Lviv region.

Russia's Defense Ministry said the attack was a retaliation to what Moscow said was a Ukrainian drone strike on Russian President Vladimir Putin’s residence last month. Ukraine and U.S. President Donald Trump have rejected the Russian claim of the attack on Putin’s residence.

Lviv Mayor Andriy Sadoviy said that Russia struck critical infrastructure with a ballistic missile, but didn't give details. He said the missile traveled at a speed of 13,000 kilometers (more than 8,000 miles) per hour, and that the specific type of rocket was being investigated.

Russia first tested the Oreshnik — Russian for hazelnut tree — to strike a Ukrainian factory in November 2024. Putin has bragged that Oreshnik’s multiple warheads plunge at speeds of up to Mach 10 and can’t be intercepted, and that several of them used in a conventional strike could be as devastating as a nuclear attack. Oreshnik can also carry nuclear weapons.

The Russian leader has warned the West that Russia could use the Oreshnik next against allies of Kyiv that allowed it to strike inside Russia with their longer-range missiles.

After the overnight strike on Ukraine's capital, those killed included an emergency medical aid worker, said Kyiv City Military Administration head Tymur Tkachenko. Five rescue workers sustained injuries while responding to the site of ongoing attacks, said Ukraine's security service.

Several districts in Kyiv were hit in the attack, said Kyiv City Military Administration head Tymur Tkachenko. In the Desnyanskyi district a drone crashed onto the roof of a multi-story building. At another address in the same district the first two floors of a residential building were damaged.

In Dnipro district, parts of a drone damaged a multistory building and a fire broke out.

Running water and electricity were disrupted in parts of the capital as a result of the attack, Kyiv Mayor Vitali Klitschko said.

The attack took place just hours after Ukrainian President Volodymyr Zelenskyy alerted the nation about Russia’s intentions for a large-scale offensive. He said that Russia aimed to take advantage of the frigid weather in the capital, making roads and streets perilously icy.

A residential building is seen damaged after a Russian strike in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Efrem Lukatsky)

Rescue workers put out a fire at a residential building damaged by a Russian strike in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Efrem Lukatsky)

Rescue workers put out a fire at a residential building damaged by a Russian strike in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Efrem Lukatsky)

A residential building burns after a Russian strike in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Efrem Lukatsky)