Zip, a procurement-orchestration firm, has introduced its “Zip for Risk Orchestration” solution designed to help large organisations globally manage supplier risk, financial verification and regulatory compliance across sprawling vendor ecosystems. The launch was announced on April 1, 2025.
The platform offers automated vendor due-diligence tools including bank-account verification and tax-ID (TIN/VAT) validation, a centralised risk repository consolidating contracts, compliance data and vendor risk scores, and structured approval workflows covering procurement, finance, legal and IT functions.
It also features risk-tiering of vendors by industry, region and regulatory exposure, scheduled risk-reviews aligned with evolving global standards, and vendor auditing and reporting capabilities for regulatory readiness.
“Just as we transformed procurement orchestration, we’re now helping businesses proactively manage regulatory and operational risks worldwide,” said Rujul Zaparde, Co-Founder and CEO of Zip.
The solution is particularly relevant in today’s environment where the average organisation has more suppliers than employees and where 98 % of global organisations reportedly have experienced a third-party breach.
For insurance and financial-services firms, the development signals an important extension of vendor-risk frameworks beyond direct suppliers to entire supply chains – a critical factor as outsourcing, embedded services and global procurement models grow in complexity.