Source: businesswire

Zip, the world’s leading procurement orchestration platform processing over $100 billion in business spend, today announced Zip for Risk Orchestration, a new solution that brings Zip’s proven orchestration capabilities to supplier risk management. The announcement was made during Zip Forward Europe in London, featuring a keynote from EcoVadis Chief Impact Officer Nicole Sherwin, alongside procurement leaders from Invesco, Metro Bank, Just Eat, and more. Industry experts Dr. Elouise Epstein, Susan Walsh, and James Meads also shared insights on strengthening operational resilience through procurement in an era of regulatory changes and emerging technologies like agentic AI.

Regulations worldwide are fundamentally reshaping how businesses manage supplier relationships. The challenge has never been more urgent: companies now have more suppliers than employees, and 98% of global organizations have a relationship with at least one third party that has been breached – creating a perfect storm of financial, security, and compliance threats.

“Effective supplier risk management begins with comprehensive spend visibility and control,” said Clare Cassano, Head of Procurement Strategy & Execution at Invesco. “By implementing Zip to drive more spend under management, we’re in turn creating a foundation for better supplier governance and risk oversight. This approach allows us to make more informed decisions about our supplier relationships while strengthening our overall risk management posture – a critical advantage in today’s complex financial regulatory landscape.”

With Zip for Risk Orchestration, businesses can move beyond reactive risk management to a proactive, AI-driven approach to compliance:

• Vendor Due Diligence: Prevent financial fraud with automated bank account verification and tax ID validation (TIN, VAT) to ensure payments go to legitimate entities.
• Centralized Risk Repository: Gain complete visibility into supplier risk with a single source of truth for compliance data, contracts, and risk scores.
• Automated Approval Workflows: Unify risk management across Procurement, Finance, Legal, and IT with structured approval paths for faster, audit-ready decisions.
• Risk Scoring & Tiering: Prioritize oversight by automatically assigning risk levels to suppliers based on industry, location, and regulatory exposure.
• Scheduled Risk Reviews: Stay compliant with evolving regulations through regular monitoring that surfaces red flags before they disrupt operations.
• Vendor Audit & Reporting: Easily generate audit packages and reports to meet regulatory requirements any time.

“As we expanded into EMEA and saw 200% growth, we noticed something unexpected – customers were already using Zip to orchestrate third-party risk in ways we hadn’t designed for,” said Rujul Zaparde, Co-founder and CEO of Zip. “The demand is clear: businesses need a better way to handle risk across finance, compliance, and security, but existing solutions are fragmented and inefficient. So we’re turning what customers are already doing into a purpose-built solution. Just as we transformed procurement orchestration, we’re now helping businesses proactively manage regulatory and operational risks worldwide.”