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)
MELBOURNE, Australia (AP) — Auckland was the first major city to ring in 2026 with a fireworks display launched from New Zealand’s tallest structure, Sky Tower, followed by a defiant celebration in Australia in the aftermath of its worst mass shooting.
South Pacific countries were the first to bid farewell to 2025. Clocks stuck midnight in Auckland 18 hours before the famous ball drop in New York’s Times Square. The five-minute display involved 3,500 fireworks.
Australia’s east coast welcomed 2026 two hours after New Zealand. In Sydney, the country's largest city, celebrations were held under the pall of Australia’s worst mass shooting in almost 30 years. Two gunmen targeted a Hannukah celebration at Bondi Beach on Dec. 14, killing 15 and wounding 40.
A heavy police presence monitored the thousands who thronged to the waterfront to watch a fireworks show centered on the Sydney Harbor Bridge. Many officers openly carried rapid-fire rifles, a first for the annual event.
An hour before midnight, the massacre victims were commemorated with a minute of silence while images of a menorah were projected on the bridge pylons. The crowd was invited to show solidarity with Australia’s Jewish community.
New South Wales Premier Chris Minns urged Sydney residents not to stay away through fear, saying extremists would interpret smaller crowds at New Year’s Eve festivities as a victory.
“We have to show defiance in the face of this terrible crime and say that we’re not going to be cowered by this kind of terrorism,” he said.
In Indonesia, one of Australia’s nearest neighbors, cities scaled back festivities as a gesture of solidarity with communities devastated by floods and landslides that struck parts of Sumatra island a month ago, claiming more than 1,100 lives.
The capital, Jakarta, was not ringing in 2026 with its usual fanfare, choosing subdued celebrations with a program centered on prayers for victims, city Gov. Pramono Anung said last week.
Makassar Mayor Munafri Arifuddin urged residents of one of Indonesia’s largest cities to forgo parties, calling for prayer and reflection. "Empathy and restraint are more meaningful than fireworks and crowds,” he said.
Concerts and fireworks on Indonesia’s tourist island of Bali were canceled and replaced with a cultural arts event featuring traditional dances.
Hong Kong, too, was ringing in 2026 without the usual spectacle in the sky over iconic Victoria Harbor, after a massive fire in November killed at least 161 people.
The facades of eight landmarks were turning into giant countdown clocks presenting a three-minute light show at midnight.
Many parts of Asia welcome the new year by observing age-old traditions.
In Japan, crowds were gathering at a Buddhist temple in Tokyo for a bell striking at midnight. In the South Korean capital, Seoul, a bell tolling and countdown ceremony were being held at the Bosingak Pavilion.
Tourists and Berliners alike marked the end of 2025 by enjoying snowfall, taking selfies and making snowmen in front of the German capital's cathedral and the iconic Brandenburg Gate. The Berlin TV Tower was nearly invisible thanks to the falling flakes and fog.
Greece and Cyprus were ringing in 2026 by turning down the volume, replacing traditional fireworks with low-noise pyrotechnics, light shows and drone displays in capital cities. Low-noise fireworks avoid the explosive bursts that generate the loud cracks of traditional displays.
Officials in the countries said the change is intended to make celebrations more welcoming for children and pets, particularly animals sensitive to loud noise.
Police in New York City will have additional anti-terrorism measures at the Times Square ball drop, with “mobile screening teams” in search of suspicious activity. It is not in response to a specific threat, according to NYPD Commissioner Jessica Tisch.
Zohran Mamdani will take office as mayor at the start of 2026. Two swearing-in ceremonies are planned, starting with a private ceremonial event around midnight in an old subway station.
Saaliq reported from New Delhi, India. Associated Press writers around the world contributed to this report.
The police stand guard during the 2026 Taipei New Year's Party celebration in front of the Taipei City Government Building in Taipei, Taiwan, Wednesday, Dec. 31, 2025. (AP Photo/Chiang Ying-ying)
People gather to celebrate the New Year at the Zojoji Buddhist temple, on Wednesday, Dec. 31, 2025 in Tokyo. (AP Photo/Eugene Hoshiko)
A Buddhist prays in front of lanterns on New Year's Eve at the Jogye temple in Seoul, South Korea, Wednesday, Dec. 31, 2025. (AP Photo/Lee Jin-man)
Fireworks burst over the Sydney Harbour Bridge during the New Year celebrations in Sydney, Thursday, Jan. 1, 2026. (AP Photo/Rick Rycroft)
Swimmers enter the water during the traditional Sylvester swim at lake Moossee in Moosseedorf, Switzerland, Wednesday, Dec. 31, 2025. (Anthony Anex/Keystone via AP)
A child poses for a photo with a prosperity decoration to welcome 2026 Year of the Horse, following the Chinese zodiac at a shopping district on new year's eve, in Beijing, Wednesday, Dec. 31, 2025. (AP Photo/Andy Wong)
A person walks by illuminated decorations on New Year's Eve in Seoul, South Korea, Wednesday, Dec. 31, 2025. (AP Photo/Lee Jin-man)
Fireworks burst over the Sydney Harbour Bridge as New Year's celebrations begin in Sydney, Wednesday, Dec. 31, 2025. (AP Photo/Rick Rycroft)
Fireworks burst over the Sydney Harbour Bridge as New Year's celebrations begin in Sydney, Wednesday, Dec. 31, 2025. (AP Photo/Rick Rycroft)
Ryan Seacrest and Rita Ora, hosts of "Dick Clark's New Year's Rockin' Eve with Ryan Seacrest 2026," in New York at the New Year's Eve Times Square Ball on Tuesday, Dec. 30, 2025. (AP Photo/Ted Shaffrey)
A vendor sells New Year's eve party goods at a market in downtown Lima, Peru, Tuesday, Dec. 30, 2025. (AP Photo/Guadalupe Pardo)
A families pose for a photo with a prosperity decoration to welcome 2026 Year of the Horse, following the Chinese zodiac as people visit a shopping district on new year's eve, in Beijing, Wednesday, Dec. 31, 2025. (AP Photo/Andy Wong)
A child poses for a photo with a prosperity decoration to welcome 2026 Year of the Horse, following the Chinese zodiac at a shopping district on new year's eve, in Beijing, Wednesday, Dec. 31, 2025. (AP Photo/Andy Wong)
