Zip
Zip, formerly known as Evergreen, is a B2B company based in San Francisco, specializing in procurement and vendor management solutions. It serves a wide range of clients from startups to Fortune 500 companies, offering products like Intake-to-Procure and Intake-to-Pay, and has been recognized by Forbes and ProcureTech100.
Company Overview
Zip, formerly known as Evergreen, is headquartered in San Francisco, CA, and operates within the B2B industry, specifically focusing on operations. The company has a team of 250 employees and serves regions including the United States, America/Canada, and remote and partly remote locations. Zip provides a plethora of resources such as a blog, webinars, e-books, and guides, which contain insights, innovations, and best practices in procurement and vendor management. Trusted by over 200 customers, ranging from startups to Fortune 500 companies, Zip has made a significant impact in its field.
Industry Recognition
Zip has garnered notable recognition within the industry, being named a Top Procurement Solution by ProcureTech100. Additionally, Forbes has ranked Zip as the Best Startup Employer for two consecutive years. This acclaim highlights the company's commitment to excellence in procurement solutions and its positive workplace culture and environment.
Customer Success Stories
Zip features success stories from well-known companies such as Instabase, Snowflake, Patreon, Webflow, Lattice, and Clutter. These stories demonstrate how Zip's solutions have effectively addressed various procurement and vendor management challenges, driving efficiency and savings. Overall, customers have reported significant benefits, such as saving $937 million collectively in under three years and gaining pre-contract visibility into 95% of their spend on average.
Products and Capabilities
Zip offers a range of products including Intake-to-Procure and Intake-to-Pay. The company also provides several key capabilities, such as Intake, Approval workflows, Vendor management, Renewal management, Integrations, Spend insights and analytics, PO management, AP automation, Global payments, Zip AI, Sourcing, and Vendor cards. These offerings address the needs of various teams, including Procurement, Finance, IT & Security, and Legal, helping businesses of all sizes optimize their procurement processes.
Performance Metrics
Zip has shown significant impact through its performance metrics. For instance, customers using Zip have saved 500+ hours per FTE annually and sent 3 million comments within the platform every year. Additionally, 99% of customers have reported an increase in employee adoption of their solutions. These metrics underscore Zip's effectiveness in enhancing operational efficiency and user engagement.