Zip, the AI platform for enterprise procurement, today expanded its AI Risk Orchestration offering into a full third-party risk management solution, covering supplier risk end-to-end within the platform where purchasing decisions are already made. The company unveiled the new AI capabilities at Zip Forward, its flagship conference, alongside a Sourcing and PO Superagent, expanded AI data partnerships, an app marketplace, and accrual accounting automation.
Zip expands AI Risk Orchestration into full third-party risk management
Customers achieve 85% faster cycle times and 98% portal completion rates
2x supplier risk coverage and up to 90% reduction in manual review work
New capabilities include Sourcing Superagent and PO Management Superagent
New AI data partnerships with NPI, SpendHound, Tropic, Beroe, Brightfield, and TEEM
App marketplace and accrual automation also announced
"Risk management has traditionally lived beside procurement, even though the purchasing process is where companies decide which vendors they're willing to trust," said Rujul Zaparde, co-founder and CEO of Zip. "We started by bringing risk into that decision. Now we've built the full, AI-powered, third-party risk management experience around it, so companies can move faster without separating risk from the work itself."
As enterprises adopt more vendors – particularly AI providers handling sensitive data and business-critical workflows – third-party risk has become harder to manage through disconnected questionnaires, inboxes, and point solutions. Security, legal, compliance, finance, and procurement teams often assess the same vendor independently, creating duplicate work and fragmented decision trails. AI Risk Orchestration brings these activities into one connected process by triaging incoming requests, determining when an assessment is needed, and pre-filling questionnaires using the supplier information already in Zip. From there, it scores suppliers against the company's own risk methodology and surfaces findings from survey responses, documents, and other sources. Each finding is tracked to resolution, whether that means accepting the risk or requesting additional evidence from the supplier, all before the purchase is approved.
"Zip's AI Risk Orchestration, in combination with its agents, has changed how we do vendor management," said Kate Hiykel, Mutual of Omaha's Manager of the Vendor Management Program. "With the automated scoring, we are able to consistently apply our framework and methodology to all vendor reviews, both at intake and monitoring, which is something we haven't been able to get 'just right' before. We are beyond excited to continue this maturation with the next iteration of AI Risk Orchestration and Zip's Superagents."
Sourcing Superagent: Brings agentic execution to strategic sourcing, helping teams run sourcing events from initial request through supplier selection.
PO Management Superagent: Uses the full context of a purchase order, including request history, billing data, and company policies, to recommend and prepare the next best action when an order needs attention.
AI data partnerships: New ecosystem of data providers including NPI, SpendHound, Tropic, Beroe, Brightfield and TEEM, providing best-in-class data directly into Zip workflows.
Marketplace: New app marketplace makes it easier for procurement and IT teams to connect Zip to the systems their business relies on.
Accrual automation: Uses purchasing and spend data already in Zip to calculate accruals through a deterministic, reproducible engine. AI gathers missing estimates and reduces manual follow-up, while accountants retain full traceability.
About Zip
Zip is the leading AI platform for enterprise procurement. Through one platform, Zip unifies how companies purchase – replacing fragmented tools and manual processes with intelligent orchestration and governed AI agents that procurement teams and employees actually want to use. Zip is the only procurement orchestration platform with full intake-to-pay capabilities and the most widely deployed, fully governed AI agents in enterprise procurement. Zip has delivered billions in customer savings and powers modern procurement for hundreds of global enterprises, including Anthropic, AMD, Discover, Dollar Tree, OpenAI, T-Mobile, and more.
