Zip Features
What are the features of Zip?
Management
- Approval
- Communication
- Documents
Planning
- Processes
- Contracts
- Content
- Requisition
Execution
- Sourcing
- Purchasing
- Invoicing
Analytics
- Visibility
- Performance
- Spend
Purchase Requisition and Approval Workflow - Procurement Orchestration
- Workflows
Supplier Management - Procurement Orchestration
- Onboarding
Zip Categories on G2
Filter for Features
Revenue Recognition
Usage Tracking | Track usage per company, custom time period, or contract | Not enough data | |
Deferred Revenue | Track payments received for products that haven't be delivered yet | Not enough data | |
Revenue Accrual | Recognition rules to accrue revenue on a daily or monthly basis | Not enough data |
Payment Methods
ACH | Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments. | Not enough data | |
Credit and Debit | Corporate debit and credit cards used specifically for B2B payments | Not enough data | |
Wire Transfer | Electronic fund transfers between entities | Not enough data |
Payment Processing
Batch Processing | Payments can be processed by batch without manual intervention | Not enough data | |
Payments Scheduling | Ability to schedule payments at predefined dates and times | Not enough data | |
Automated Workflows | Workflows to manage every stage of the payment process | Not enough data | |
Self Service | Self-service portals and mobile apps to submit invoices for processing | Not enough data | |
Reconciliation | Match invoices, payments, and bank statement information | Not enough data | |
Settlements | Clearing of electronic payments to transfer funds from customers to suppliers | Not enough data | |
Payment Tracking | Track each stage of the payment process and manage payments history | Not enough data |
Security and Compliance
PCI Compliant | Comply with information security standards for credit card processing | Not enough data | |
P2PE | Point-to-point encryption to convert sensitive financial information into indecipherable code | Not enough data | |
Fraud Management | Features to protect companies from attempts to steal sensitive information like credit card details | Not enough data | |
SSL Encryption | Secure Sockets Layer is the standard security protocol for encryption of electronic data | Not enough data | |
SOX | Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud | Not enough data | |
SOC | Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2 | Not enough data |
Integration
Agnostic Integration | The software can be integrated with any other products | Not enough data | |
Reporting Consolidation | Reports are generated using financial data from multiple sources | Not enough data | |
Plugins and APIs | The vendor provides pugins and APIs that customers can use to create custom integrations | Not enough data | |
Accounting | Based on 10 Zip reviews. Provide integration with accounting and financial management software | 88% (Based on 10 reviews) | |
Payment Integration | Integrate with payment gateways and enterprise payments software | Not enough data | |
ERP | As reported in 10 Zip reviews. Deliver integrations with accounting modules of ERP systems | 83% (Based on 10 reviews) | |
Accounting | Provide integration with accounting and financial management software 11 reviewers of Zip have provided feedback on this feature. | 86% (Based on 11 reviews) | |
Payments | Based on 10 Zip reviews. Integrate with payment gateways and enterprise payments software | 85% (Based on 10 reviews) | |
ERP | As reported in 11 Zip reviews. Deliver integrations with accounting modules of ERP systems | 82% (Based on 11 reviews) | |
Account Sync | As reported in 11 Zip reviews. Sync with company accounts to transfer payments for approved invoices | 82% (Based on 11 reviews) | |
Accounting | Based on 11 Zip reviews. Provide integration with accounting and financial management software | 80% (Based on 11 reviews) | |
Payments | Integrate with payment gateways and enterprise payments software 11 reviewers of Zip have provided feedback on this feature. | 80% (Based on 11 reviews) | |
ERP | Deliver integrations with accounting modules of ERP systems 12 reviewers of Zip have provided feedback on this feature. | 81% (Based on 12 reviews) | |
Procurement | Based on 11 Zip reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management | 92% (Based on 11 reviews) |
Setup
Data | Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. | Not enough data | |
Approvals | Define rules and workflows that managers can use to approve different kinds of spending. | Not enough data | |
Alignment | Align spending across various departments such as procurement and accounting. | Not enough data |
Performance
KPIs | Provide standard spend KPIs that can be customized by users. | Not enough data | |
Benchmarks | Use historical spend data to create benchmarks per company or department. | Not enough data | |
Forecasting | Provide forecasts on future trends that may impact spending performance. | Not enough data | |
Savings | Identify savings opportunities per activity, department, or at the company level. | Not enough data | |
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. | Not enough data | |
Selection | Provide features to compare suppliers and choose the best option for various activities. | Not enough data | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Management
Approval | Use criteria to add or remove suppliers to/from approved lists. | Not enough data | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. | Not enough data | |
Documents | Capture and maintain documents related to suppliers and their products or services. | Not enough data | |
Approval | Based on 16 Zip reviews. Use criteria to add or remove suppliers to/from approved lists. | 95% (Based on 16 reviews) | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. 15 reviewers of Zip have provided feedback on this feature. | 93% (Based on 15 reviews) | |
Documents | As reported in 16 Zip reviews. Capture and maintain documents related to suppliers and their products or services. | 92% (Based on 16 reviews) | |
Receipt of Goods | Compare goods received with purchase orders and document variations 10 reviewers of Zip have provided feedback on this feature. | 78% (Based on 10 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. | Not enough data | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. | Not enough data | |
History | Track history of all interactions and business transactions with suppliers. | Not enough data | |
Profiles | Create and manage supplier profiles that include contact and pricing information. | Not enough data | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. 11 reviewers of Zip have provided feedback on this feature. | 85% (Based on 11 reviews) | |
History | Based on 11 Zip reviews. Track history of all interactions and business transactions with suppliers. | 94% (Based on 11 reviews) |
Planning
Processes | Manage workflows and business processes for procurement. This feature was mentioned in 24 Zip reviews. | 90% (Based on 24 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. This feature was mentioned in 20 Zip reviews. | 72% (Based on 20 reviews) | |
Content | As reported in 24 Zip reviews. Maintain a repository of content such as catalogs and other documents. | 76% (Based on 24 reviews) | |
Requisition | Define requisition rules for various types of procurement. 22 reviewers of Zip have provided feedback on this feature. | 86% (Based on 22 reviews) | |
Processses | Manage workflows and business processes for procurement. This feature was mentioned in 13 Zip reviews. | 99% (Based on 13 reviews) | |
Contracts | As reported in 13 Zip reviews. Provide standard procurement contracts that can be customized. | 83% (Based on 13 reviews) | |
Content | Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 11 Zip reviews. | 89% (Based on 11 reviews) | |
Requisition | Define requisition rules for various types of procurement 12 reviewers of Zip have provided feedback on this feature. | 89% (Based on 12 reviews) |
Execution
Sourcing | As reported in 20 Zip reviews. Identify and assess suppliers for different products and services. | 65% (Based on 20 reviews) | |
Purchasing | Create and manage purchase orders for products and services. This feature was mentioned in 24 Zip reviews. | 92% (Based on 24 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. This feature was mentioned in 22 Zip reviews. | 88% (Based on 22 reviews) | |
Sourcing | As reported in 10 Zip reviews. Identify and assess suppliers for different products and services. | 68% (Based on 10 reviews) | |
Purchasing | As reported in 12 Zip reviews. Electronically create and manage purchase orders for products and services. | 90% (Based on 12 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. 10 reviewers of Zip have provided feedback on this feature. | 83% (Based on 10 reviews) |
Analytics
Visibility | Based on 23 Zip reviews. Improve visibility into procurement activities across the company. | 86% (Based on 23 reviews) | |
Performance | Monitor the performance of procurement operations. 24 reviewers of Zip have provided feedback on this feature. | 87% (Based on 24 reviews) | |
Spend | As reported in 23 Zip reviews. Analyze procurement spending and identify future trends. | 84% (Based on 23 reviews) | |
Benchmarking | Based on 11 Zip reviews. Provide benchmarking options for comparison with peers | 71% (Based on 11 reviews) | |
KPIs | Based on 10 Zip reviews. Include standard spending KPIs that can be customized | 67% (Based on 10 reviews) | |
Compliance | Deliver reports for compliance purposes 12 reviewers of Zip have provided feedback on this feature. | 75% (Based on 12 reviews) | |
Errors | Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud 11 reviewers of Zip have provided feedback on this feature. | 73% (Based on 11 reviews) | |
Due Dates | As reported in 10 Zip reviews. Track invoices based on due dates to identify overdue payments | 90% (Based on 10 reviews) | |
Benchmarking | Ability to compare AP automation metrics with other companies | Not enough data | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data | |
Due Dates | Based on 13 Zip reviews. Track invoices based on due dates to identify overdue payments | 86% (Based on 13 reviews) | |
Cashflow | Analyze variations between incoming and outgoing cash | Not enough data | |
KPIs | As reported in 10 Zip reviews. Monitor KPIs such as time to process an invoice or erroneous payments | 73% (Based on 10 reviews) | |
Payment Tracking | Based on 10 Zip reviews. Track different types of payment such as deposits or partial payments | 82% (Based on 10 reviews) | |
Visibility | Improve visibility into procurement activities across the company. 12 reviewers of Zip have provided feedback on this feature. | 88% (Based on 12 reviews) | |
Performance | As reported in 13 Zip reviews. Monitor the performance of procurement operations | 86% (Based on 13 reviews) | |
Spend | Based on 13 Zip reviews. Analyze procurement spending and identify future trends. | 82% (Based on 13 reviews) | |
Due Dates | Based on 11 Zip reviews. Track invoices based on due dates to identify overdue payments | 94% (Based on 11 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data |
Data Management
Consolidation | As reported in 13 Zip reviews. Consolidate information from multiple sources or multiple entities | 76% (Based on 13 reviews) | |
Classification | Classify information by category, supplier, or supplier This feature was mentioned in 13 Zip reviews. | 77% (Based on 13 reviews) | |
External Sources | As reported in 11 Zip reviews. Integrate with external sources for market intelligence | 68% (Based on 11 reviews) | |
Integration | Based on 14 Zip reviews. Integrates with ERP systems general ledgers for transfering of AP transaction data | 80% (Based on 14 reviews) | |
Cleaning | Ability to cleanse and consolidate AP data 12 reviewers of Zip have provided feedback on this feature. | 69% (Based on 12 reviews) |
Invoice Management
Capture | Based on 10 Zip reviews. Provide features to capture invoices such as import or scanning | 87% (Based on 10 reviews) | |
Supplier Portal | Allow suppliers to submit invoices using an online portal | Not enough data | |
Repository | Deliver a central repository of AP documents, such as POs and invoices | Not enough data | |
Supplier Portal | Based on 14 Zip reviews. Allow suppliers to submit invoices using an online portal | 74% (Based on 14 reviews) | |
Repository | As reported in 12 Zip reviews. Deliver a central repository of AP documents, such as POs and invoices | 83% (Based on 12 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 11 Zip reviews. | 80% (Based on 11 reviews) | |
Payments | Identify incomplete or late supplier payments This feature was mentioned in 10 Zip reviews. | 83% (Based on 10 reviews) | |
Workflows | As reported in 11 Zip reviews. Include workflows for approvals and invoice processing | 94% (Based on 11 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections | Not enough data | |
Approvals | Based on 13 Zip reviews. Include workflows for approvals of invoices or payments | 87% (Based on 13 reviews) | |
Batch Processing | Process multiple invoices without human intervention This feature was mentioned in 10 Zip reviews. | 78% (Based on 10 reviews) | |
Consolidation | Allow users to consolidate multiple invoices into one | Not enough data | |
Match Invoices | As reported in 13 Zip reviews. Match invoices with purchases and sales orders, as well as with payments | 81% (Based on 13 reviews) | |
Payments | Identify incomplete or late supplier payments | Not enough data | |
Workflows | Include workflows for approvals and invoice processing This feature was mentioned in 13 Zip reviews. | 97% (Based on 13 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections 10 reviewers of Zip have provided feedback on this feature. | 73% (Based on 10 reviews) |
Invoice Generation
Templates | Provide standard invoice templates that can be customized by users | Not enough data | |
Digital Invoices | Ability to convert invoices to digital formats such as PDF | Not enough data | |
Recurring Invoices | Automatically generates invoices at pre-defined time intervals | Not enough data |
RFP Generation
Templates | Provide standard templates for different types of RFPs | Not enough data | |
RFX | Support other types of requests such as RFB/RFI/RFQ | Not enough data | |
Versioning | Track versions of RFP documents and related changes | Not enough data | |
Questions Library | Maintain a library of questions that can be reused | Not enough data |
RFP Distribution
Tracking | Track submissions from multiple vendors and suppliers | Not enough data | |
Analysis | Compare submissions and score suppliers | Not enough data | |
Selection | Choose the best submission for an RFP | Not enough data |
Submissions
Collaboration | Allow multiple users to collaborate on submissions | Not enough data | |
Knowledge Base | Maintain a repository or library of content and documents that can be reused | Not enough data | |
Review | RFPs can be reviewed by managers before submission | Not enough data | |
Reporting | Create real-time reports to compare data trends across processes, RFPs, vendors or profiles | Not enough data |
Supplier Management
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. | Not enough data | |
Selection | Provide features to compare suppliers and choose the best option for various activities. | Not enough data | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
RFP Response
Project Management | Tracks the progress of any RFP in real time and set milestones to improve efficiency | Not enough data | |
Content Library | Updates, organizes, and stores content of a project | Not enough data | |
Access | Assign users, roles, and manage access in order to set tasks and leave comments | Not enough data | |
Automation | Automate repetitive and manual tasks, such as auto-filling answers and auto-responses | Not enough data | |
Export | Export files or spreadsheets with the ability to format and accomidate images | Not enough data | |
Import | Upload files or spreadsheets from multiple sources | Not enough data |
Payment Types
AP Automation | Manages large volumes of invoices and financial transactions between a company and its suppliers | Not enough data | |
E-Commerce | Facilitates the acceptance of electronic payment for online transactions | Not enough data | |
Retail | Features a common interface for in-store, online, and on-the-go set across all acceptance points | Not enough data |
Risk
Analysis | Reduces future risks through root cause analysis and process improvement | Not enough data | |
Identification | Reduces frequency of errors, identifies risk and improves efficiency | Not enough data | |
Scoring | Scores suppliers and employees based on risk factors | Not enough data |
Recovery
Recoup | Identifies and recoups funds and prevents errors from happening again | Not enough data | |
Reporting | Offers reporting to aid in minimizing future lost profits and process breakdown | Not enough data | |
Historical payments | Approve, reject, or query historical payment transactions to identify anomalies | Not enough data | |
Overpayments | Recover overpayments, duplicate payments, or unused credits from suppliers This feature was mentioned in 10 Zip reviews. | 73% (Based on 10 reviews) |
Audit
Filters | Includes a library of audit-tested filters to identify AP outliers that are outside company policy | Not enough data | |
Post Audits | Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims | Not enough data | |
Overpayments | Detects and prevents a wide range of overpayment errors | Not enough data | |
Duplicates | Detects and prevents a wide range of duplicate payments | Not enough data |
Fraud
Vendor Checks | Enables automatic checks of new vendors being set up in the system to combat potential billing schemes | Not enough data | |
Data Generation | Generates comprehensive data needed to conduct a thorough investigation | Not enough data | |
Monitoring | Provides continuous, proactive fraud monitoring across multiple systems and data formats | Not enough data |
AP Data Processing
Workflows | As reported in 11 Zip reviews. Constantly evaluate AP transactions to optimize workflows | 82% (Based on 11 reviews) | |
Transparency | As reported in 11 Zip reviews. Improves management oversight by reconciling external data against internal transaction data | 82% (Based on 11 reviews) | |
Controls | As reported in 11 Zip reviews. Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk | 77% (Based on 11 reviews) |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases | Not enough data | |
Recurring Virtual | Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services | Not enough data | |
Physical | Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets | Not enough data |
Reporting
Real time | Report on spend transactions as they happen in real time | Not enough data | |
Multiple Views | Reports that allow the user to sort and filter by vendor, team, GL, department, etc. | Not enough data | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets | Not enough data | |
Budgets | Report on and track spending against budgets | Not enough data |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information | Not enough data | |
Recurring | Manage and execute recurring payments, such as subscriptions, services, utilities, etc. | Not enough data | |
Employee Reimbursements | Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment | Not enough data | |
ACH | Allows for the electronic transfer of funds between banks | Not enough data |
Fraud & Risk Management
Notifications | Real-time notifications for fraudulant and/or duplicate spending | Not enough data | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments | Not enough data | |
Controls | Control spend limits, expiration dates, and lock and unlock stolen or lost cards | Not enough data |
Supplier Marketplace
Library | Provides a centralized library containing product data. | Not enough data | |
Categorization | Enables users to assign custom categories to products. | Not enough data | |
Data Management | Creates and manages product catalogs. | Not enough data |
Contract Management
Compliance | Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. | Not enough data | |
Revenue | Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities | Not enough data | |
Negotiations | Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. | Not enough data |
Data Collection
Spend | Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. | Not enough data | |
Compliance Reports | Identifies noncompliant spending, fraud, and other activity outside of company policy. | Not enough data | |
Savings | Analyzes spending patterns and identifies areas to reduce costs. | Not enough data |
Project Management
Dashboard | Provides a dashboard for searching and reporting on contracts and projects. | Not enough data | |
Repository | Manages contracts in a single, online central repository. | Not enough data | |
Lifecycle | Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. | Not enough data |
Purchase Requisition and Approval Workflow - Procurement Orchestration
Notifcations | Notifies users of pending approvals with alerts and notifications This feature was mentioned in 14 Zip reviews. | 86% (Based on 14 reviews) | |
Workflows | Based on 14 Zip reviews. Allows for predefined approval workflows based on roles, departments, or spending limits | 88% (Based on 14 reviews) | |
Purchase Orders | Based on 14 Zip reviews. Automates the creation, submission, and approval of purchase requisitions | 82% (Based on 14 reviews) |
Supplier Management - Procurement Orchestration
Tracking | Monitors supplier compliance to guidelines and standards while also managing risks 14 reviewers of Zip have provided feedback on this feature. | 75% (Based on 14 reviews) | |
Onboarding | Provides tools for suppllier onboarding and assessing their performance 14 reviewers of Zip have provided feedback on this feature. | 79% (Based on 14 reviews) | |
Database | Based on 14 Zip reviews. Maintains a repository for storing and organizing supplier details | 82% (Based on 14 reviews) |
Spend Management - Procurement Orchestration
Analysis | As reported in 13 Zip reviews. Uses tools for examining expenditures and generation reports to identify trends | 78% (Based on 13 reviews) | |
Visibility | As reported in 13 Zip reviews. Provides real-time insight into procurement costs within categories, departments or projects | 85% (Based on 13 reviews) |
Compliance and Risk Management - Procurement Orchestration
Risk Assessment | Uses risk assessment tools for identifying potential supplier or contract risks This feature was mentioned in 11 Zip reviews. | 73% (Based on 11 reviews) | |
Compliance | Automates the enforcement of procurement policies, regulatory requirements, and compliance checks 12 reviewers of Zip have provided feedback on this feature. | 78% (Based on 12 reviews) | |
Audits | As reported in 11 Zip reviews. Creates audit trails and reporting for transparency and accountability | 82% (Based on 11 reviews) |
Workflow Automation - Procurement Orchestration
Routing | Provides onditional routing for purchase approvals, contract reviews, and supplier selection This feature was mentioned in 13 Zip reviews. | 92% (Based on 13 reviews) | |
Configuration | Allows for flexible workflow configurations to suit specific business needs 13 reviewers of Zip have provided feedback on this feature. | 91% (Based on 13 reviews) | |
Approvals | Based on 13 Zip reviews. Adjusts approval processes based on project, department, or spending thresholds | 91% (Based on 13 reviews) |
